If you’re a landlord looking to make a quick return, there are very specific sorts of properties you should be looking for.
A survey of 187 landlords by lender Amicus Property, showed that investors have the most confidence in the earning potential of flats over houses or maisonettes, and are keen to take advantage of the booming student population in out university towns and cities.
Surprisingly, the ‘easy option’ of new build properties wasn’t favored by many landlords. Despite being relatively maintenance and stress-free, it is possible that new-build’s smaller rooms, less opportunity to remodel, and minimal opportunities to negotiate on price is putting off buy to let investors. Many seem to prefer to get their hands on a property which may need a little TLC, but offers more potential for long term income.
- 25% - One bed flats
- 24% - Student accommodation in university towns and cities
- 21% - Three bed flats
- 20% - Two bed flats
- 19% - Terraced houses
- 14% - New build properties
- 5% - Houses on established estates
- 3%- Maisonettes
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