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Tenant Demand High, Housing Stock Low * New Buy To Let Investors Welcome *

New property investors

Due to high demand for properties, and lack of housing stock, we are now welcoming new property investors.

During the past 6 months we have put in place various digital management tools that allow us to streamline our tenant referencing process.

In this current climate, we no longer have enough stock available to accommodate tenant demand. We are experiencing a huge surge in applicants for properties, sometimes with as many 30 applicants applying for a property within a day of it going to market, and at present, the only stock we have to offer are properties where our current tenants are vacating from, which doesn’t happen that often now.  So how do we help tenants find suitable properties?! …

We want to work with  buy to let  investors 

What we do and how we can support your property investment journey

We’ve worked in the lettings industry for the past 13 years, so we know the local market very well.

Over the past few years we have helped many investors find great buy to let deals. We have helped negotiate purchases, we’ve overseen projects such as refurbs, and most importantly we have consistently managed to earn our investors rental yields of up to 9.5%.  As we’re also a property management agent, we can manage your property for you.  All you have to do is tell us what your budget is, how you wish to invest and we’ll do our best to guide you towards the best properties to invest in.

A rough guide in how we assist buy to let investors 

  • Our expertise means we can guide you towards investing in the right areas for great long term rental returns
  • We offer bespoke property investment packages to investors, such as, viewing potential properties, negotiating purchases, arranging refurbishments and interior design,
  • Don’t worry about your landlord legal responsibilities, we will keep you on the right track with your landlord registration requirements along with all safety aspects, right to rent checks and deposit protection, etc

The above guide is a small aspect of the services that we can offer.  To discuss any requirement you may have, please give Nykky a call on +447892 891116. Nykky welcome’s the opportunity to talk to you and can offer advice, where needed.

 

Property Investment, Dundee

Dundee is Scotland’s fourth largest city, with two local Universities and a population of around 160,000  Annual property prices have surged in recent years, with a variety of factors having an impact on this, such as the the regeneration of the Waterfront, the V&A Museum and the upcoming Eden Project. In spite of the fact property prices have surged, there are always good buy to let investment deals available.  Strong rental demand in Dundee continues year on year. This is, in our opinion, one of the best cities to invest in!

With the lack of social housing available in Scotland, the private rental sector is the only market that can support tenants in finding suitable homes.

     

    Here we’ll give you an example of a current investor’s gross yield

    1 Bed Apartment, Strathmartine Road, Dundee 

    Property purchase price £65,500

    Achievable annual rent £5820

    ROI: 8.89%

    Generally, investors should be looking at a minimum return of 5% on their buy to let investments, so above 8% is very desirable, and a great return.

     

    Lets take a look at ‘net’ rental yield

    Net rental yield is calculated by using the price of the property, the income generated and the costs and fees of owning the property.

    Net rent calculation 

    Landlord purchased their property for £65,500

    Monthly rent £485 x 12 = £5820 (annual rental income)

    Annual mortgage payments £1800

    Maintenance, repairs and insurance £585

    Final Calculations

    Rent £5820 minus Costs £2385 = £3435 / £65500 x 100 = 5.24%

    —

    Nykky Danielewicz, iLet owner says:

    “Increased rents, reduced time to let and lack of housing stock is having a negative impact on the PRS.  Nonetheless, a buy to let investment still returns far more than many other investments, so as long as investors are in it for the long-haul and they invest wisely, they should still consider the property rental market as a sound long term investment”.