15% Deposit: £12,750Property has always been a fantastic long term investment. In recent years, it has generally out performed other forms of saving and the stock market. A rough rule of thumb for the current UK market is that house prices double every seven years. The introduction of ‘Buy to Let’ mortgages makes investing easier and canny people are realising that buying property is not just about having a roof over your head, but an excellent way of making a long term investment.
A Great Asset - You will benefit from a tangible asset which offers both income and potential capital gain.
The UK Environment - There is currently a shortage of housing in the UK yet demand is high. This imbalance creates a situation which ensures the property market remains stable in the longer term.
Low interest rates encourage lending against property.
There is no guarantee on future returns, however in the past consistently high returns on investment property have been demonstrated in the UK.
Further Gains - Property investment is unique in that you can enhance gains through further loans/mortgages and borrowing. This is known as gearing.
Plan for the Future - Investment in property should be liquid and for the long term. For many people it is an ideal way to create an unofficial pension.
It would be a fool who just looked at the benefits of property investment without considering the risks involved. Purchasing and letting properties is a time consuming business, with new legislation being introduced frequently. You need to be one step ahead in terms of new investments, the law and the local market. The team at Rotherlets will help you avoid the potential pitfalls and ensure your investment is managed professionally and profitably.
Investor quote - John Mc Donnell
"I wanted a local company that knew the local property and tenancy markets inside out. Rotherlets proved to be that company. The staff treat both the landlord and potential tenants in a truly personal, friendly yet professional manner and are always ready to offer good advice when asked. No hidden costs, that's unusual these days - Well Done Rotherlets".
WHY ROTHERLETS?
We have over 16 years' experience of letting and managing property for profit, with an extensive portfolio of houses in Rotherham. We offer a comprehensive service for investors, from sourcing suitable properties to buy to let, through to the day to day management of the properties thereafter.
The owner of the business is a property investor, so Rotherlets has evolved empathising with the needs of people wanting to invest in residential property.
An area of specialisation is the sourcing of residential properties for investors. Our knowledge gained over the years enables us to pin point readily rentable properties which are likely to appreciate.
The key to our success is the positive relationship we build with our customers. Clients are kept informed of the whole process from purchase to lettings and management. All fees are set out clearly from the start.
Over the years Rotherlets has built excellent relationships with local Estate Agents and we are often able to make viewings on properties before they are officially on the market. We have good relationships rather than being tied in with particular agents, which means we can be flexible. The fact we focus purely on the local area is a fantastic benefit as we can work with great speed and ensure that sales go through with the minimum hassle for our customers.
Rotherlets have a team of dedicated contractors who do works including plumbing, electrical, joinery and general building and maintenance. We can therefore make recommendations for works which could be carried out to increase yields and are able to offer very competitive rates on all work as part of the full management package. We are also able to introduce you to highly competitive insurance packages specifically designed for property investors.
We advise that you ensure your property is of a good, rentable standard, with neutral décor and dark, plain carpet or laminate throughout. Kitchens and bathrooms should be standard, with easily replaceable cupboard doors/taps etc. A low maintenance, yet pleasant environment needs to be created.
WHY ROTHERHAM?
Rotherham people are rightly proud of their history, their heritage, their achievements and the beautiful countryside that makes up around 50 per cent of the borough. Around 250,000 people currently live here, but that figure is increasing steadily, as more people are attracted by the quality of life and economic opportunities on offer.
A focused approach to regeneration, inward investment and supporting new businesses has allowed the area’s dominance by traditional industries such as coal-mining and steel-making to be replaced by new vibrant economics for the 21st Century.
Deprivation in the borough is being reduced, and unemployment has fallen from its peak of 22 per cent in the mid 1980s to less than three per cent today. Rotherham has the lowest crime rates in South Yorkshire, and fear of crime has been cut almost in half since 2002.
Example of a Rotherham Rental Return
3 bed terrace property, East Dene, Rotherham
Purchase Price: £85,000
15% Deposit: £12,750
Mortgage Interest @ 4.69%: £287 per month
Target Gross rent: £465.00
Rent as % of mortgage interest (should be 130% or more= 162%
Typical Prices and Rents for Rotherham
£40-60,000 would buy a two bedroom terrace / flat in fairly good condition, let to a mixture of DSS and working people.
Rents varying from £350 - £400 pcm
£60-85,000 would buy a more substantial period terrace house with 3 bedrooms. These are more likely to be let to working families.
Rents varying from £400 -£450 pcm
£85,000-£120,000 would buy a two bedroom apartment / semi-detached house in a sought after area, and would typically be let to professionals.
Rents are typically £450 - £525 pcm
Investing in buy to let properties successfully depends on buying the right properties in the right areas where property price letting / rental fees are high. Right now, the North of England is providing the best chances of the highest returns. Use our knowledge of approved builders, mortgage lenders and solicitors, property management, financing and maintenance to purchase houses in Rotherham and become a landlord either through cash or mortgage.
Rotherlets offer a warm and welcoming service, which puts our customers at ease. Any member of the team will be happy to help you, though you will have one key contact dedicated to the management of the whole process from purchase to let.
We look forward to working with you.
Please contact Claire for any further assistance & a price list:
Phone - 01709 303 119