| Map of London - Buying to Let in London |
Map of LondonBuying to Let in London? |
| Buying to Let in London |
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Buying real estate is often a very good investment, especially in areas where rental properties are in high demand. Buying to let in London can be an especially lucrative investment, if you find the right property and are willing and able to do a little repair work before signing your first tenant. You can buy former industrial/warehouse properties and convert them to loft flats or office space. You can buy run-down properties, and do comparatively minor renovations to improve their appeal. You can even buy a property and do nothing whatever to improve it, with the idea that the surrounding area will become more fashionable, dramatically increasing your property's value over time. One opportunity for the "minor renovation" investment is buying former council-owned properties. Since Margaret Thatcher authorised the privatisation of council estate properties, real estate bargains have been available all over the country. London is no exception, and such properties are often perfect buy to let opportunities. There are a number of factors that influence the purchase price and rental potential of former council properties in London. Obviously, a nice looking low-rise building will tend to have higher values, both for purchase price and potential rental cost. If you are buying to let however, and you have sufficient cash on hand to avoid the need for a traditional mortgage, buying flats in high-rise buildings can be a tremendous bargain. Often lenders are reluctant to grant mortgages on high-rise flats, leaving sellers in a rather tough spot when looking for a buyer. This is your advantage! more about buy to let in London |