Lettings In Newcastle & Sunderland
Why choose us to manage your property?
- Fast to find Professional tenants for your properties.
- A range of lettings management services: Fully managed, Tenant finder & Rent collection.
- Accurate & realistic Rental Valuations.
- Your property will be advertised on Rightmove & Zoopla.
- Friendly customer service
- Carefully selected tenants: references, Credit check & confirmation tenants have the right to rent in the UK.
Lettings in Newcastle & Sunderland
The rental market is one of the best ways for you to increase income, especially in the face of the uncertainty produced by economic events like Brexit and an upcoming election. There are multiple areas where the letting market is booming. Two of those locations are Newcastle and Sunderland. Let’s take a closer look at the conditions in these areas and why now is the perfect time for investors to get involved in this market.
Lettings Market in Newcastle & Sunderland
There are several factors that are currently impacting the market. One of the biggest might be changes to the legislation. Because of new taxation laws, landlords are required to pay more to the government. To compensate, rents have been rising across the country. The market in Newcastle and Sunderland has been very stable. However, it has risen by 0.8% in the past year. In addition, this market is set to continue to enjoy strong performance into the future.
In these areas, there are multiple factors that can limit supply in the property market, such as the difficulty around building near a National Park. This will help ensure that demand continues to remain higher than supply. In addition, there are multiple new construction projects that are occurring in this area. For example, there are expected to be new entertainment venues built. This will increase the value of the properties around these locations. Because of this, you will be able to expect a strong rental market in the future. It will also be a very safe investment, with these new developments set to strengthen the market.
Why Buy to Let Investment is Still a Good Idea
With the Newcastle and Sunderland areas set to deliver strong rental performance, you might want to consider a buy to let investment. Newcastle and Sunderland make great areas to invest, as they will continue to increase in value over time. In 2037 the average house price in these areas is expected to be over £380,000. When investing in buy to let properties, there are several factors to consider. For example, you will need to think about how much you can afford to spend. You should also consider the areas that will be able to deliver the best rental returns. For this reason, many people choose to invest in properties that are near universities. This will ensure that you will be able to achieve a high level of demand. In Newcastle, this can mean focusing on areas like Jesmond and Sandyford. These areas might be able to deliver an average yield of around 7.8%.
Before you purchase anything, you should make sure that you are getting a good deal. This will ensure that the property hasn’t been overvalued and that you can get the rental yield that you want. To do this, you might want to contact a lettings management agency, like Greener Property Lettings & Sourcing. They will be able to evaluate the property and give you an accurate idea of how much rental income you can expect to receive.
Why Choose us to Manage Your Property?
By purchasing in the Newcastle and Sunderland area, you will be able to receive strong performance over time. Because of attractions and investments in the area, there will always be strong demand for a property in these locations. However, you should make sure that you choose the right letting management agency to take care of your investment. When making this decision, you should make sure to talk to Greener Property Lettings & Sourcing. There are a few reasons why they will make a good choice.
One of the most important things to look for in an agency is how quickly they can find a tenant for your property. This will ensure that you can start to earn an income as fast as possible. In this area, Greener Property Lettings & Sourcing excel. They are able to advertise the property on platforms like Rightmove and Zoopla. This will help generate a lot of interest amongst potential tenants. Then, they will review each potential tenant, using references and credit checks. In addition, they’ll confirm that they have the right to rent a property in the United Kingdom. By offering a fully managed experience, you will be able to relax and allow skilled professionals to take care of your lettings management. So, talk to the friendly customer service people at Greener Property Lettings & Sourcing about buying to let a property in Newcastle and Sunderland today.
Prices
Fully Managed: 10% of monthly rent
Let only:
Studio & 1 Bedroom: £350
2 Bedroom: £450
3 Bedroom: £500
4 Bedroom: £650
Discounts available for Landlords with Multiple properties. Please contact us to discuss a discount. All tenants are Carefully selected by full: references, Credit check & confirmation tenants have the right to rent in the UK.
Rent collection only: 6% of Monthly rent.
