Look for stronger returns and investment opportunities
In order to obtain value and improve their returns, landlords should consider the whole market, not just the market on their doorstep. According to research undertaken by a specialist property firm, in 2010, only one in four London based landlords invested in buy to let property outside of the capital.
In the years gone by, London landlords are buying fewer properties in their local area, switching their attention to homes in the North and the Midlands. Studies indicate that 34% of London landlords bought properties in the North and the Midlands alone in the past year. This suggests there is a swing away from the capital, and Stockport is an option worth considering.
Stockport is ideal for London based landlords
Stockport is an area that is likely to appeal to landlords. It’s location close to Manchester makes it attractive, but the town can also be reached quickly be people from London. Stockport is an ideal destination for people leaving the capital with strong train links making the commute very simple. Landlords don’t need to attend their rental accommodation on a daily or even weekly basis, but for those who like to check in on a semi-regular basis, Stockport is handily located for London.
There is also the fact that a significant level of development work is taking place in Stockport. The town centre is changing rapidly, with the town being cited as an example for other town centres to follow. If you are looking to get out of London when investing in property, Stockport is an option that appeals for many reasons.
With convenient transport links to the centre of Manchester, and significant developments taking place, Stockport is the ideal place to buy, live or invest. As Stockport property specialists, we want to ensure you stay in touch with the latest property news, helping you make an informed decision. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk.
For a free valuation please visit: http://valuation.spencerharvey.co.uk