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What
Good Rental Areas Have In Common |
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Period
or
Penthouse properties
Good quality housing stock is
the best indicator of a desirable area to purchase a buy to let
property. Period properties are
popular with both
the middle class purchaser,
families and young and old professionals alike.
Areas with houses or flats with high ceilings, large rooms, period
features, ripe for refurbishment or conversion will always be popular.Similarly
new properties in good areas will also appeal as the tenant associates
new properties with cleanliness, reliability and convenience.
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Existing Amenity.
Proximity to parks, good schools and other amenities
are desirable for all tenants.
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Good Transport Links
Good links by rail, road and air
are another essential item for most tenants.
-
Employment.
Proximity of employers particularly companies in banking, IT, pharmaceutical
and other white collar employers.
Tenants will generally locate to the nearest area which fits their
concept of being a desirable location.
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Proximity to Other Desirable Areas
Very few people will move to an area where they are not comfortable
with the social class of their peers. Good residential areas tend
to expand their influence into other local areas where similar facilities
or properties exist.
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Restricted Property Supply
When there is little available space for new housing there will
always be increased pressure on the existing stock due to the demand
out stripping supply.
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Attractive neighborhoods.
Everyone wants to live in a desirable area which is attractive to
live in and look at. An abundance of open green spaces, tree lined
crescents, open outlook or areas near local beauty spots or Conservation
areas are always popular.
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Like Minded Individuals
Whilst a few people are willing to pioneer living in an area which
is otherwise run down or unpopular, people are frequently attracted
to an area either through word of mouth from colleagues, friends
or family rather than individual preference.
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