4 Things to Avoid When Looking for London Property Investment
Do You Need Guidance Investing in London Rental Property?
Given the cost of investing in London property, it is easy to see why there is so much guidance.
Investors need to get this decision right, and many experts line up to provide insight into where you should place your money.
At Regal Estates, we work closely with landlords, offering a wide range of services. If you want to buy a rental property in or around Willesden, Dollis Hill and Willesden Green, we are here to help you. This is an excellent location in North West London, and if you need guidance in buying here, we can assist you.
4 Things to Avoid When Looking London Property Investment
It is likely you have already seen advice on what to look for when buying property in London, but you also need to consider what to avoid when looking at rental property in the capital.
The Evening Standard recently listed things to avoid when looking at property in London, including:
- Property that has no external space
- Properties that haven’t been upgraded or improved in some time
- Ex-rental properties which are now being sold
- Properties with a poor Energy Performance Certificate (EPC) rating
These are all valid points to bear in mind when looking at rental property in London. We think you’ll find you can avoid these issues, and still enjoy a great rental property.
Please note the above does not always apply depending on the location, demand of tenant group, location near to public transport and more. This is why it is important to get the right guidance.
We have nearly 30 years of experience with investing in North West London property and can point you in the right direction.
Outside space is crucial for tenants
Given the events of the past couple of years, it is easy to see why tenants want to have outside space at their rental property. Gardens have always been important, but in recent times, having an area where you can sit and relax in the sunshine is crucial.
There are many investment opportunities available in Willesden and NW London that you can add to your rental property portfolio many of which offer outdoor space.
When it comes to properties that require a lot of work, we know the arguments running for and against this type of investment. If you have building skills or connections, it is tempting to buy property that needs some love and attention.
Do you have the time and money to fix a property?
A “fixer-upper” is likely to be more affordable. This might be a good investment if you can upgrade the property to a good standard. Sadly, many investors find this to be beyond them, and before too long, their investment opportunity is a costly expense that they cannot recoup. The question is have you factored this work into your equation and what uplift in value does it offer?
The same goes for EPC ratings. EPC ratings are vital these days, and your rental property must meet current and future standards. It is one thing to say you will improve the standard of the property, but it can be costly and time-consuming to do so.
Contact Regal Estates for all your North West London lettings market needs
If you are interested in our lettings or property management services or you are looking to buy, sell, let or rent property in or around the area, call us on 020 8459 2530 and a member of our estate and letting agent team will be happy to help.
How to use Dulux’s Colour of the Year 2024
November 29, 2023
If you are looking to redecorate, why not consider Sweet Embrace™? Here are some ideas of how to use the current Dulux Colour of the Year.
New electrical check guidance for landlords
November 20, 2023
The safety of tenants has become of paramount importance in the private rental sector, and rightly so. One of the areas that has been improved immeasurably is electrical safety and now new guidelines have been issued to provide greater consistency when it comes to checks.
Leasehold reform formally confirmed as a Bill
November 13, 2023
On 7th November 2023, the King’s Speech marked the opening of a new session of Parliament. In his first address of this nature, King Charles III announced the Government’s key priorities for the year ahead and with a General Election expected within the next 12 months, the contents were hotly anticipated.