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  • Buy-to-Let

    Where would you invest in a BTL in my shoes?

    hi

    With Brexit looming, I find myself in a state of indecision as to where to best invest in a btl. l live in Manchester so thinking of Liverpool as the closest best investment location. what are you doing with your investment pre brexit ? are you holding back ?

    what and where would be your first choice investment ? What kind of return would you be happy with ?

    Any advice would be much appreciated .
    Thanks

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    Hi Zafar

    I think the answer depends on each persons circumstances and goals etc.

    For me I prefer local BTL and only houses. On the return side, I look for an average 5% capital growth YoY and min 5% rent YoY.

    I have considered further afield but as we self manage and renovate, I am not keen to pass those elements on to others.

    regards


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    I'll answer your question with a question.

    Why are you thinking of Liverpool rather than Manchester?

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    Hi Zafar,

    Great to hear that you are looking to invest.

    With the uncertainty around Brexit property prices are slightly lower than the average market value so now is a good time to invest!

    You are correct Liverpool is a great place to invest but there are good investments much closer to home. In Manchester, you can achieve yields of up to 14% and Salford up to 12%.

     Here are a few examples, property more local to yourself can be easier to manage:

     

             

               

             

    Hope this helps and if have any question please don’t hesitate to ask.

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    Why the rush. Everyone appears to be blaming Brexit  on property prices. Well its only one factor and with recession round the corner all property where ever will get hit. This is only the beginning , prices have much further to drop so sit back and wait for better opportunities .

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    At present, in the SE, the numbers are not so attractive - factors such as section 24 and the 3% SDLT surcharge have certainly taken the shine off BTL.

    If it is your first investment and you intend to self manage the simple DIY maintenance jobs then a local 2 up 2 down is a good start. As you gain more experience you will have a much better idea of what will work for you.


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