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How to choose the best Buy-to-Let property

In terms of buy to let property investments, many landlords often already know where they would like their buy to let property to be located. This is usually influenced by where they themselves live or by knowledge of locations that attract higher rental income per month.

The best idea in this case would be to find a happy medium between the two, purchasing a property with a good rental income, that isn’t too far away from where you live.

Other Considerations

However, there are more things to consider than where the property is located, with finer details being key factors in your search for the perfect property. There are many questions that you may ask yourself when considering properties in a number of different areas:

  • Are there any local schools and amenities nearby?
  • What is the crime rate like within the area?
  • Does the surrounding area of the property have good transport links?
  • What is the main demographic within the area?
  • Is the local area set for any developments in the near future?
  • Is there a particular type of property that is more sought after within the area?
  • Are letting properties in this area typically furnished by landlords?
  • How much rent can you expect to receive within this area?

After finding the answers to these questions, you will be able to determine the perfect property for your upcoming investment. As well as being able to make your own decision about the best property for you to invest in, but you will also be perfectly equipped to attract potential tenants, providing them with excellent knowledge about the area.

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Glossary of Terms

Our glossary of terms contains a comprehensive guide to various property investment related terms to give you a better understanding of the language and terminology used when talking about investing in property.

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Mortgages

Looking for a buy to let mortgage? Find out more about buy-to-let mortgages to see how much you can borrow, the cost of the repayments and browse our latest mortgage offers.

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Looking to sell?

Are you looking to sell your investment property? The team at Hopwood House can help you sell your investment property and can handle the process from start to finish.

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