Updating post from Reddit.
As a London-based landlord, I’m seeking advice from others who reside in the capital but own buy-to-let (BTL) properties in other parts of the UK. I’m particularly interested in hearing about your experiences managing investments remotely.
I’m currently exploring opportunities in the North of England due to the potential for higher rental yields and would greatly appreciate any insights or recommendations.
Oh great here come more southerners ruining the north
He’s looking to invest, so looking at providing someone a rental, not sure if you’re aware but there is a massive shortage of rentals atm! We are losing a lot of landlords due to numpties at number 10! People think it’s great there’s less landlords these people are also moaning why the rents are so high, funny enough these are the same people that can’t find a house to rent… if we carry on losing so many landlords there is going to be a very big houses crisis!
Just fuck off and stay in London
Please Keep it Civil
Doncaster, Shieffield, Liverpool
I would recommend any where near a uni or close to a station. Nottingham would be a good place to look at
It’s the smart move! We help many investors from the south as well as overseas find investment, we then renovate them so they have equity as well as a larger yields! It’s insane more of you don’t do it!
I think it's a smart move if you don't mind negative equity as the main hub for capital growth is London
I’m not so sure, I don’t know the London market to good so want to say to much about it, but the little bits I do know is lots of houses sticking and prices dropped way before they did in leeds, leeds is always very popular and growing very fast, we can source houses here all money out with yields of 8-12% as well prices rising well over the years… we have a few investors that sold up in London and shipped all the investments over here, there 4x returns now, own 4-5 more houses all growing in equity as well as rents!
Maybe Leeds is the place as it's a powerhouse and the maths might make sense
Very much so! Even areas around like York Harrogate very good areas and house value stays strong!
I definitely agree they are ripe for investing!! Good find
There were two main routes for landlords to invest in rentals, and portfolio landlords typically had a mix of them. They would invest in London for capital appreciation and up north for rental yields.
The problem is London hasn't even been living up to the Capital Appreciation part, and the rental yields down south have become tighter given the higher mortgage rates.
Whereas up north, the properties are as cheap as ever, and the rental yields are significantly better.
It works well for landlords in it for the long term, but you need to be careful about what you buy.
Some areas have DSS/LHA tenants only, expect below-market rent, high tenant turnover, damage, grow rooms, and headaches. Conversely, some blocks of flats are located in good areas but have an oversupply of properties, making it hard to attract tenants.
Location, Location, Location, as always, but with the suffix (avoid leasehold!).
Haven’t invested in North, but heard good things about Derby and Nottingham. Decent rental demand. Average pay is decent but both rents and property prices much cheaper compared to wages.
Suburbs of Liverpool/Cheshire. Check out www.HomesureProperty.co.uk and on YouTube for videos about it.