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Hi Guys,I am slowly building up the portfolio and to be honest with the advice and replies from all the amazing topics people place on Property Tribes - so thank you for all them..
ANYWAY.. I am looking at buying an apartment and wondering what's people's thoughts are on ground floor in a decent area are and what experiences you have had with them be let out as easy as the higher floors.Thank you
In my experience, ground floor flats feel less secure and are also far more likely to be burgled.We have one ground floor flat in our London portfolio and it has been burgled. Our other flats on higher floors have never had this problem.If you do buy a ground floor flat, I would put some extra security measures in on the windows and doors to give tenants peace of mind.Generally speaking, I am not a fan of flats outside of London. See - 10 reasons to buy a house rather than a flat .... EVERY time.See also our latest video on the topic of flats vs. houses for investment:
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**
As a counter to your GFF experience, I lived on the first floor of a converted victorian house. The top floor and my floor got burgled in one hit, the bottom floor and lower ground floors weren't!
I'm not disagreeing with what you've said as I too feel unless there's a specific benefit to a GFF such as private garden etc., they're probably not worth the hassle.They do appear to be slightly lower in price, but not by a large %.
When I was still involved in residential, we had a flat on the ground floor and it was the most difficult to let. You'll tell yourself it might suit older folks that can't climb stairs or it may come with a garden but in the end we turned it into a small pub and removed the problem that way!
I seek out ground floor flats, for two main reasons - I have this idea that as we get older, climbing stairs will become tricky and there are not enough bungalows around, and so ground floor flats will become more desirable.
I also think that with the correct permissions, changing a window to patio doors can be an excellent addition, leading out to communal space, and therefore giving the impression of a garden. Which suits the cat owner or smoker!
Good luck with your decision, which ever it may be.
Owner of a few properties, Self manage and use an agent. I like to buy, renovate, sell on or keep. Bucket list includes building at least one house.
Thank you what a great reply id not thought about the patio doors situation for pet owner and smoker.
Agree good suggestion
Thank you another great reply ..regarding kids jumping out of window !! and yes size with no balcony ...the ground floor is starting to appeal more and more