9:36 AM, 8th May 2015, About 7 years ago 8
I’m currently looking at making my first investment – I have saved up just over £15,000 and my plan at the moment is to invest in either Sheffield or somewhere in Greater Manchester like Salford.
Really I’m looking for advice on how suitable properties between £50-£75k in these areas are for buy to let?
How safe an investment are they – will they rent well? And is it a good strategy to work towards building a portfolio of 5-10 of these properties – Or would I be better of saving a bit longer for my first property and buying somewhere more expensive?
I know from the forum there are housing associations (such Salix Homes in Salford) are many of you involved in renting to these associations and how’s it gone for you?
Quite a lot of questions I know, but I don’t want to make a huge mistake by putting my hard saved deposit into a property that will be difficult to rent or hard to sell on in the future.
All advice will be very much appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleBuying a newly converted property with no NHBC or Zurich Warranty
Next ArticleOut on my ear after 25 years
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|