7:45 AM, 4th June 2013, About 10 years ago 11
Buy to let investors in Peterborough can see between 8 to 10% pre tax returns on capital employed for standard housing and over 14% for HMO multilets.
Peterborough is part of the London, Stansted and Cambridge growth corridor which is needed to accommodate the growth of London. According to the initial Assessment of Growth Potential in London by the Greater London Authority in 2004, this corridor will accommodate 20% of London’s population and housing growth potential.
Peterborough is subject to a billion pound regeneration project seeing the transformation of much of the city centre. The City has previously been identified as one of the country’s ‘hotspots’ for new businesses seeing companies investing and re-investing in recent years. Now Peterborough is home to many nationally operating companies and 2 relatively new university campus.
Demand for private rented properties is outstripping supply in most parts of the city. Demand is strongest for quality small to medium sized 1 and 2 bedroom houses and apartments plus low cost and medium sized 3 bedroom family houses. The area is seeing demand for multi let rooms with en-suites showers and shared kitchens growing but be careful to select an area that is attractive to responsible renters.
An ebook explaining in detail why Peterborough is an excellent place to invest is being made available to Property118 readers free of charge by Belvoir Lettings who are experts in this field and assist investors with selection, preparation and management.
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