Whether you’re taking your first steps into the rental market or searching for your next investment, selecting the right property can be a tricky process. Whilst we all know what we want in our own home, you need to have a particular kind of tenant in mind when looking for a rental property.
Young professionals will want a sophisticated arrangement with an easy commute into town, whilst students will usually be more interested in how close the nightlife is. Location as well as layout play a huge part in the tenant’s decision to rent and stay, so it is essential that the property suits the occupier!
Location as well as layout play a huge part in the tenant’s decision to rent and stay
We have found three ideal buy-to-let properties which are in areas that made the top ten for the highest value increase over 2016. These would be ideal locations for investment!
Being just a 6 minute walk from Derby Road station and an 8 minute drive to Ipswich city centre, this property has an ideal location to say the least! It lets in plenty of light, however the decor needs cheering up and the layout wants an update.
As two of the bedrooms are connected, a wall would need to be put in to form a hallway and divide them. Alternatively, you could turn the third room into an ensuite and split the dining room entrance to form another third room!
Though this may be a more pricey investment, Aylesbury as a location has surged in value since it became a commuter hotspot for London. Aylesbury station is just 11 minutes away from the property by car, followed by a speedy 55 minutes on the train into London Marylebone.
This home offers an impressive amount of space but the decor is in need of an update. Whilst colourful rooms may appeal to you, your tenants may not be so keen, so it’s best to keep the walls light and bright to give the property a spacious and clean feel. If in doubt, a local interior designer will know what colour-schemes work best for rental homes, and there is a lot of free inspiration online.
The conservatory is a beautiful addition, however red carpet is a little unorthodox for this space, so perhaps some new flooring wouldn’t be amiss as well with the help of a flooring specialist! This property also comes with two reception rooms, the larger of which could easily be converted into another bedroom.
This property is in need of some care and attention. However, once renovated, it would easily climb in value thanks to its location and space! It’s only a 16 minute drive from the centre of Liverpool city which offers ample entertainment as well as bars and restaurants.
The rooms need some repairs and fresh decoration, both on walls and floor, and the kitchen and bathroom needs a complete renovation to make this space rentable! The exterior of the property could also use some work; removing the gate and adding a fresh coat of paint, with the help of a painter would make it much more appealing.
This renovation would take time, but its location would attract tenants and the value change would make it worthwhile!
Remember, if you need help finding your ideal trade professional when renovating, Plentific will take the work out for you!
Katie is constantly browsing the internet to keep up-to-date with the latest property news. A huge fan of tea and chocolate, plus has a love for period homes.