| Map of London - Buying to Let in London |
Map of LondonBuying to Let in London? |
| Buying to Let in London |
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Other bargains can be found in London council estates with relatively low owner-occupancy rates. If a large percentage of the units in the estate are still council-owned, lenders are likewise reluctant to grant large mortgages. You can buy flats in these London properties relatively cheaply today, and watch your monthly lease revenues grow over time, as the estate reaches a higher percentage of private ownership. Such properties, if they're in good repair, fall into the area of investing now with the idea of the surrounding area 'improving' over time, carrying your investment value along with it. The most ambitious buy to let plan would involve buying an industrial property in London, and converting it for modern tenancy. Major remodelling projects involve major investments of time and money, and of course it's a bit more daunting a task to purchase a whole building than a single flat here and there, but the potential rewards are commensurately greater. Finding a disused industrial property in London, and renovating it to fashionable rental units can create a lifetime of comfortable income. And, if you tire of managing leased properties, selling the renovated property -- as a whole or unit by unit -- can provide you with a quite pleasant retirement. With London's growing population, buying to let can be one of the most stable and lucrative investments available. Even one well-chosen "income property" can take a sizeable load off your regular monthly expenses, allowing you the freedom of extended holidays, early retirement, or managing a single-income family. A qualified London estate agent can help you find likely properties for a successful buy-to-let investment. |