Opportunities For Buy-To-Let Landlords
No matter what business you operate in, you should look for opportunities. If you know where the demand is, and meet this demand, you will go a long way to having a successful business.
When it comes to the rental market, the demand for rental property creates an opportunity for landlords. This is the story across the country right now, but at Brentwood Lettings, we are focused on the North West of the country, Greater Manchester and more particularly, areas such as Moston, Blackley, Failsworth and Newton Heath in Manchester.
We know the local lettings market well
We work closely with landlords, tenants and prospective tenants in the local area. We know there is a high level of demand for rental property in these areas. We also know that the cost of buying-to-let in this area is affordable for many property investors, and that a good level of rental yield is achievable.
So, there is the opportunity, there is affordability, and there is the opportunity to make a great return. Letting property is never simple, but when you have a starting platform like that, your chances of success are greater.
At Brentwood Lettings, we also stay in touch with the latest findings in the housing market. We want people to make informed decisions, and to feel confident about their decisions.
Latest study shows the opportunity in Manchester rental market
In the North West of the country, the study found that only 2.2% of the estimated total private dwellings are available to rent. This is lower than the national figure which stands at 3.6%. It is probably no surprise that London is the region with the highest level of private dwellings available to rent, standing at 7.2%.
Sequre sales director Daniel Jackson says: “So much attention is given to the sales market, not least in the wake of Covid-19, but the rental market remains far more relevant for many millions of people in this country. These people need homes - good quality, secure homes - and yet the buy-to-let industry has come under attack from a government that has a vision of England where everybody owns and nobody rents.”
Daniel Jackson concluded by saying; “But this isn’t a vision that most people share and so, despite the government’s best efforts, choosing to invest in a region with a lack of available rental properties on the market means you have a great chance of securing reliable, long-term tenancies in high-demand markets.”
By investing in areas such as Moston, Blackley, Failsworth and Newton Heath, you can enjoy the best of both worlds. You are close to the heart of Manchester, one of the most well-regarded rental market locations in England. However, by opting for one of these areas, you find affordable property with a great chance to enjoy a strong return on your time and money. We are here to assist you as best we can.
Brentwood Lettings can call on more than 15 years’ worth of experience in the Moston and surrounding areas letting sector. We are a non-franchise and independent lettings and property management agency in Manchester, and we are here to serve you. To arrange an appointment, a rental property valuation or to discuss your options, give us a call on 0161 681 3724.