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Couple of those area's I wouldn't touch with a barge pole, possibly high yield (and no doubt high maintenance and headaches) but good luck finding a FTB if you need to sell if investors are not buying there.
I certainly wouldn't be buying based on website rankings.
Whether these newly proposed 200,000 new homes will ever get built is another matter:
Stoke On Trent. We are an independent letting agent trading for over 15 years in Stoke On Trent. Last year was one of the best years we have ever had. Investors are twigging that we are in bang in the middle of the country, an hour from eight major cities and four major airports, 90 minutes from London by train, all the major road infrastructure is currently being upgraded and expanded, new business parks are coming in, there is construction everywhere you look now etc. When you look at the current house prices and rents, it works very well for investors.
Hi Bill,Thanks for sharing your views. I assume you are referring to single occupancy BTL, as you have previously expressed concern about over-saturation of HMOs in SOT?
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Hi VanessaAbsolutely, houses and apartments and not HMO's. This area is still flooded with HMO's and the ones we have are still only part filled. The exception is some purpose built ones we took on that were built from the ground up, as all bedrooms are Master bedrooms and it is two minutes from the largest employer in the area. If it was in another location I feel the rooms would be a struggle to fill. 3 bed semis for families and couples are by far the easiest to let.
The ripple effect of Manchester and Salford city centre booms are felt in the suburbs. All these big business's, new apartment and hotel buildings need staff for cleaning, security and the less menial job. the employees can't live in the area so live in the suburbs with good transport links increasing demand increases rents and prices.
Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester email: email@example.com Call: 0161 681 3724
Just came across this interesting graph on twitter and thought it relevant to this discussion: