We offer professional advice for investing in Buy to Let Property
Whether you are buying your first buy to let, or looking to expand your portfolio, taking the first steps in buying a property as an investment can seem like a very daunting process. From seeking mortgage advice, viewing the plethora of properties that are on the market, through to placing an offer and seeing the process through to completion, it almost seems like a full time job, and you probably already have one of those already!
Here at Townsend Letting & Management we have many years experience in helping clients to buy property, with a view to us managing it for them for the medium to long term. Whether you just need a quick guide to achievable rental level on a property which you have already bought or more detailed advice on yields, suitable properties and return on investment, feel free to contact Jane Townsend who will be happy to help you.
Taunton, Wellington and the surrounding areas present a wealth of riches. The national road network, train links, proximity to air travel at Exeter and Bristol and superfast broadband make it easily accessible. With great schools, fabulous countryside and extensive coastline on the doorstep, it is a superb location to live and work.
Looking forward, Taunton is projected to become Somerset’s new regional hub with major growth projections over the next decade or so.
It is a focus of major regeneration schemes between now and 2028 with 13,000 new homes planned and the population estimated to increase from around 63,000 to 85,000. With major employers such as the NHS (Musgrove Park Hospital), Pearsall’s, UK Hydrographic Office, Debenhams, Viridor and manufacturers such as Swallowfield and Relyon providing employment, there is still much room for continuing economic growth and prosperity.
We are often asked by clients or potential clients for advice on investing in property in Taunton. Being independent and dedicated to lettings only we are ideally placed to offer sound, unbiased advice to you on potential purchases. Never take the seller’s or selling agent’s word about the rent you can expect to achieve!
Sometimes we have off-market opportunities available through our links with developers and existing landlords, who may be looking to sell. We realise that it is vital to be able to point you towards the best locations, properties, even best apartments in various blocks, so that you can maximise your return on your investment.
We are happy to advise on any works from minor decoration through to the installation of a new bathroom or kitchen which would increase the rental and capital value.
We have many contractors who offer excellent value and we would be happy to project manage larger projects if required, as well as arranging for the marketing of the flat in order to minimise your void period.
If we manage the property, we would also advise you throughout the duration of the tenancy of any works which could increase rental throughout the term.
Plan to be a Buy To Let Landlord over the medium to long term as it is an investment that produces a variable combination of rental yield and capital appreciation.
Make an objective business decision when purchasing a property based on research of the needs and requirements of the local market, not based on personal taste.
Be aware that the rental market is fast moving with fluctuating supply and demand. This can influence achievable rent levels and occupancy rates.
Take informed advice from both professional Letting Agents (ARLA members) and specialised financial advisers from the beginning.
We realise that the requirements of each potential client are different and are always very happy to discuss your specific circumstances with you in more detail.