3 Essex Towns Make Shortlist for Buy to Let Hotspots

2nd August 2018

According to a study prepared by Lend Invest, three Essex towns are considered to be amongst the best in the UK if you are looking to buy a property to rent out. Colchester came in second place ahead of major cities, including Manchester and Birmingham, and topped the list for the best capital gain returns.

Southend on Sea featured in fifth place, having witnessed a great deal of general investment into the area over the last 10 years, including Southend Airport, which is now flourishing. Romford was also amongst the country's elite, and this has no doubt been boosted by Crossrail's impending arrival into the area.

With this in mind, we take a look at some of the reasons why many invest in a buy-to-let property.

Bricks & Mortar has generally outperformed most other types of investment over many years. In fact, based on figures produced by Land Registry, average house prices in Essex have risen by 343% over the last 20 years!

If you're interested, the graph below has tracked the average selling prices year on year across Essex since 2001.

As well as offering strong Capital Growth potential, a landlord can also receive a regular income from any rent generated. Granted there are certain costs attached but if planned effectively from the outset a buy to let property can offer decent returns as some of the expenditure can be offset against any income received therefore maximising profitability.

Investing in buy-to-let is not just for seasoned landlords. Many people have cash sitting in the bank, earning a negligible amount of interest, and want to make their money work more effectively. Some have a strong desire to enter this sector of the property market but are often just a little unsure of how to get started.

Beresfords retain a specialist buy-to-let team who assists experienced landlords in growing their portfolios but also provides comprehensive support to those looking to take the plunge for the very first time.

Furthermore, for those with the desire but little time to invest in such a project Beresfords can deal with almost everything on their behalf. This includes helping to find the right property to buy, assisting with funding if required and once a property is purchased finding professional tenants, moving them in and managing the entire tenancy on a landlord's behalf.

All initial advice is free, and you can find out more by clicking here: https://www.beresfords.co.uk/landlords/buy-to-let/

Alternatively why not email them at buytolet@beresfords.co.uk