Buy To Let Investment
What is an investment property?
A Buy To Let Investment Property is purchased with the intention of earning a return on the investment, whether through rental income, the future resale of the property, or both. It is not only individual investors who can hold investment property – it may also be acquired and owned by groups of investors, or a company.
A lot of investors both from the UK and overseas see property investment in the UK as a cornerstone of their investment portfolios.
As investors look towards the UK for investment opportunities, the increasing demand for property in the UK is outstripping the supply of both student property and residential buy-to-let properties for sale.
What makes Lancaster a buy-to-let investment property hotspot?
The city of Lancaster offers pretty much everything that one could want from a city… just in a small package. Lancaster has good local amenities and strong transport links. It is handily-located for the coast and countryside, and there are not one, but two universities.
Everything in Lancaster is smaller than in most other cities – and that includes the property prices, which offer top value for property investors.
Why buy investment property in Lancaster?
Lancaster is a major cultural and economic centre for North West England that holds appeal for investors and residents alike.
Lancaster is right on the A6 and M6 motorway, with other transport links including Lancaster railway station, which is on the West Coast Main Line and has regular trains to London, Birmingham, Manchester, Glasgow and elsewhere. Lancaster has a thriving nightlife – thanks in part to its student population – while its compact size means the city centre is easily walkable, too.
Property values in Lancaster
With its population of about 146,000 people and an average house price of around £155,000, Lancaster has property prices well below the £248,000 national average in England.
Lancaster house prices vary, however, depending on which area of the city one is looking to buy in. Recent figures from major property portals indicate that property prices here vary from as low as £50,000 in the cheapest areas, up to around £800,000 or more in the most expensive parts.
Rental demand in Lancaster
Recent figures also suggest that investors looking to enter the buy-to-let market in Lancaster could earn an up to 7% yield on residential and an up to 11% yield on student properties in the LA1 postcode area.
Our local property experts here at CoastnCountry have a strong track record of helping those interested in the Lancaster investment property market to expand their portfolios. We possess the expertise and knowledge that could be instrumental in your efforts to achieve healthy returns.
With almost 100 properties now completed, we are the perfect all-in-one partners for those looking to buy or sell investment property in Lancaster.
How can we assist portfolio landlords in Lancaster?
As experienced landlords ourselves here at CoastnCountry, we have the expertise to help with your property business – from managing your properties and helping with refurbishments, to assisting the growth of your portfolio by advising on new investments.
Like you, our priorities are maximising rental income, minimising voids and keeping wear and tear to a minimum. That’s why we offer a wealth of services for portfolio landlords in Lancaster, including:
- Full property management services, including specialist student property management services for student landlords.
- Advice if you’re looking to invest further – such as help with choosing the right area, the number of bedrooms, and the type of house.
- Experience in extending, converting and upgrading buildings; as well as knowledge of how to resolve damp. We can offer project management of refurbishments and advise on low-cost, high-quality specifications so that no money is wasted.
- Student property investment specialists – we provide a turnkey service for landlords who rent their properties to student tenants.
- The tradesmen we use have a clear remit on the standards of repair we expect. We understand how to maintain a building without wasting money.
- With our full management service, our property managers will take personal responsibility for your account – they get to know you and your property, and serve as your key point of contact.
Our specialists here at CoastnCountry want to make investing in property hassle-free! All that you have to do is pay your mortgage and insurance, and we will look after the rest through our tried-and-tested company set-up and extensive local networking.
We’re also experts in student property management
We realise that renting out student properties isn’t quite the same as renting out other residential property. That’s why we have specialist student lettings staff in our team to help you with your business.
We go the extra mile for student landlords. For further information on our comprehensive services as student property management specialists, please visit our dedicated site, Student Housing Lancaster.