What To Buy & Where To Buy
The choice of property purchased will
largely depend on an individual’s budget and whether or not the owner wishes to
occupy the property at a later stage.
As a general guide to what and
where to buy for a successful rental investment, Plaza Estates offers the
following advice:
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The basic criteria for rental property are: centrally
situated and in a good neighbourhood, near public transport, schools and shops.
Quiet, light and airy.
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Flats should be within a 5-10 minute walk from a
tube station with easy access to the City and West End.
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Although houses are
popular with families looking for larger properties, the steady demand is for
flats - but both are popular.
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There should be easy access to open spaces -
whether private garden, roof terrace or balcony, communal gardens or
parks.
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The property should be structurally sound, and able to be
redecorated without incurring vast expense.
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Character properties are
generally a good investment. Foreign tenants in London for a limited time like
to experience the ‘flavour’ of London and period conversions are always
popular.
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One or two bedroom conversion flats are good buys. Also those in
newly completed developments with porterage and private parking.