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  • Deal Finding

    Best place to buy at 5% gross yield?

    Hi Everyone

    I’m very new to BTL and to this community, and I wanted to ask your opinions as to where the best value for money is to buy BTL properties. Ideally starting yield of 5% at the 160k price mark. I know in London this is nearly impossible!

    I read somewhere that the North seems to still have these type of properties but as I am completely unfamiliar with any urban area north of Milton Keynes, I’m a bit stuck for ideas!

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    Not impossible in London if you are a cash buyer

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    Hi Faizulramli,

    Welcome to property tribes and congratulations on starting your journey in investment world.

    You are right the North is good a investment but also so is local properties and for  one reason being you know and are familiar with the area. If you are not finding a property you want locally, why not try surrounding areas instead of completely heading up North to unfamiliar ground.

    But just remember to do what is best for you and what you are comfortable with. Wish you all the best.

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    Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.


    I invest in London and my ROI is 8-9%, self managed. You just have to seek out the areas and price point where this is possible.

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    Thanks everyone

    so far there is a great deal in London but the initial capital outlay is large (150k at 25% deposit). If prices properly and the rental hits the ideal level the ROI is 10%. But again, the initial outlay is a bit high for my blood!

    just out of curiosity...where are you tending to find the 8%-9% roi?

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    In East London. And my price point is much much lower. For your deposit I would buy 2 properties.


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    Thanks for that! To the East I will search! ? very good info, especially on the price point!

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    You can’t make BTL work today with 5% yeild in my opinion over 7% and more if you can get it

    have a chat with mr J Clarke from Milton Keynes he sets up deals just what your looking for

    lots of experience

    But don’t tell him I sent you lol

    DL

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Thanks for the referral! And the fact that I should not shortchange myself with 5%-ters! Apologies, how do I get in touch with Mr Clarke?

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    Have a look through the members page or look in some bloggs

    you will see him around

    he knows the ropes only guy I would recommend you chat with

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.