With interest rates so low, more people than ever are investing in buy to lets or keeping their existing property when moving these days as it provides such an excellent source of income. We too have helped clients find good investment properties, not just in Winchester but in many other area’s for this reason. There are lots of things to consider when choosing the property and area – here is a helpful article from the Hampshire Chronicle contributed by Belinda Wright of Winkworth Estate Agents:
With the sales market now recovering, many “accidental” landlords (those landlords who in the recently depressed climate could not sell and decided on the rental option) are now looking to their first option – to sell.
A lot of these properties are family homes in Winchester thus leaving a gap in the rental market for this type of home. Winkworth are advising landlords and potential landlords on a daily basis of the type of properties in which to invest.
“There will always be a huge demand for smart, period properties in the centre of Winchester”, says Belinda Wright of Winchester Letting Agent Winkworth, “and many of our landlords own a portfolio of such properties. An increasing number of landlords are considering buying the larger family homes which have the potential of still providing the same yield as a small portfolio elsewhere. Even if the income is not quite as much there will be savings to the landlord in fees and maintenance and very importantly the capital growth is a major factor.”
Belinda continues, “We are happy to advise any buyer whether they are purchasing through Winkworth or not. We can provide a tailored report for any property which is being considered as an investment and give advice on what areas are most in demand.”
Winkworth’s Letting team offers a professional, personal service with absolutely no call centres or outsourced Management and the Lettings Manager, Belinda Wright together with Margo Glover, the Property Manager, have many years of experience in the business. Please contact Winkworth for further information on 01962 866777.