What Makes A Profitable Rental Property In Carshalton?
When looking
for an investment property to rent, there is a lot of work to be done. From making the first decision to invest to
completing the sale of your first rental property, the tasks you will face can
be extremely daunting for a first-time investor.
Searching For Houses To Rent In
Carshalton
The first
stage to finding the perfect rental property is to actually find the property
that meets your requirements. With so
many websites out there selling properties you may think this is easy to do
yourself, and although it certainly is possible, using an estate agent that
knows the local area will help.
When it
comes to looking at areas to invest in, your investment range will be limited
by a number of things. This will include
whether you intend to be a landlord and manage everything yourself, or whether
you plan to hire someone to do it for you.
If you wish to become a landlord, then we would advise not getting a
property that is too far from where you live.
However, this will not be such an issue if you plan to have a management
company take care of everything on your behalf.
Silverman
Black is a local estate agent in Carshalton, Surrey. With many years experience in lettings and
the rental process, we can assist any investor who is looking to buy an
investment property in Carshalton or any of the surrounding areas throughout
Surrey. We have a wide array of contacts
within the property industry, enabling us to source a variety of property options
that fits your exact requirements. Once
we have helped you find the perfect property, we can even assist in finding you
tenants. To find out more about this
process, see our page on the rental process for landlords.
.
5 Things To Consider When Searching
For Rental Property
To help a
first-time investor, we have come up with a simple list of 5 things that you
should consider when looking for a property investment purchase:
- Local Area - The local
area is one of the most important factors that you should investigate
first. The quality of the area will
influence both the types of tenants you attract and how often you experience
vacancies. Carshalton, Surrey, is one of
the best areas to invest in the southeast with the scenic and picturesque
Carshalton Village being a main focal point.
Carshalton benefits from excellent transport links throughout Surrey and
further afield, as well as a wide range of other amenities including shops,
bars and restaurants right on your doorstep.
If you are looking for houses to rent in Carshalton, then a great opportunity awaits.
- Crime Rates - This really
goes without saying, as no one will want to live in an area that has a high
reported crime rate. By going to your
local police website or public library, you can get accurate crime statistics
for local neighbourhoods. When looking
for a house to rent in Carshalton, you will be pleased to know that Carshalton,
Surrey and Sutton have a crime rate that is much lower than the average for the
Metropolitan Police force area. This
makes Carshalton one of the safest places for your tenants to live and work.
- Job Opportunities - Areas that
have greater employment opportunities will help attract more tenants. Employment data can be sourced easily online
or via your local library and again, Carshalton is one of the best choices. The number of people out of work is well
under the national average for England, in fact it is more than 10% lower,
suggesting higher salaries than the average in the area.
- Local Schools - One thing
to consider is that your tenants may have or be planning to have children, so
they will need to live in close proximity to decent schools and colleges. Ensuring the schools have a good reputation
will help increase the value of the property and the return you will get from
it. Here in Carshalton, we have a
variety of local schools and colleges with many receiving 4 or 5 star reports
from Ofsted inspections and over 90% in performance ratings for Key Stages 2
and 3. To find out more about schools in
Carshalton, take a look at our article: Schools And The Carshalton Property Market.
- Rental Rates - The rent
you make from your investment property is your bread and butter; so knowing
what the average rental prices are in the area is vital to getting a good
return. With the average rental rate of
around £1,500 a month in Carshalton, we know that you will see a great return
on your investment purchase. Remember to
speak to one of our advisers for more information on the rental price
opportunities of a particular property you maybe interested in.
The Next Step
If you
would like more information on buying houses
to rent in Carshalton or the housing market in general throughout Surrey,
get in touch with our friendly team on 0208 773 2929. We have extensive knowledge of the
surrounding areas of Carshalton, Surrey and Sutton and have built our business
around a reputation for honesty, integrity and performance that sets us far
apart from our rivals. Alternatively,
complete our online enquiry form and one of our advisors will get back to you
shortly: contact Silverman Black.
