Local Buy-to-Let a Good option

www.propertyfile.co

There are a number of reasons why many people see buy-to-let as a good medium term option: Nationally there’s a shortage of housing and unless we start building on a massive scale, it’s only going to get bigger. People’s lifestyles are changing so more people live alone, or in smaller family units, which only increases this demand. Pensions don’t seem to be delivering as they used to so people are looking for other ways to fund their later life. Buy To Let locally is increasing with a number of people ploughing in on a monthly basis.

The long term demographics of Hoddesdon, Hertford, Ware and surrounding areas make buy-to-let investment here an attractive option. The towns are well established and conveniently situated for commuters, the train stations get people into London within 40 minutes and the road links are good for commuting to other major Towns. The returns are favourable too with average "Yields" on investment of around 6% and more importantly the void periods are generally low. 

There’s a fair amount of decent employers here too with GSK & Merck Sharp & Dohme each employing a considerable number of people. The schools, especially John Warner, Richard Hale and Presdales are huge magnets to the town and people shouldn't underestimate the importance of them.

A diverse town such as these gives rise to a number of investment options too. There’s been a lot of property built in the last 10 years, which is always popular with tenants, such as Stanstead Abbotts, Hoddesdon and Ware. There’s a solid Victorian Terrace market, the staple rental territory of many UK towns. Equally, we have large areas of ex Local Authority properties which offer high yields and enjoy constant tenant demand.

Prices are reasonable too,Two bed houses are the bread and butter of any rental market and these range from about £180k in some areas to £250k in others. For £100k to £150k you'll get something very rentable in an area you feel comfortable with.

In short ...  the long term prospects for Buy-to-let in Hoddesdon, Hertford and Ware are very good

"Your local lettings experts, our advice is free but our knowledge is priceless" 

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I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”


 
Adrian Fallart - Director - Property File