According to the property portal Zoopla rents have risen 2.6% nationally over the last year. This is nearly double the current inflation rate.
A lack of council/social housing combined with landlords exiting the market due to taxation has put pressure on supply. There also has been a drop in new landlords in many areas due to the increased levels of stamp duty taxation on buy to let purchases.
However, the area that we operate in offers huge opportunities for landlords with relative low house prices, good rental yields and high demands from tenants. NR30, NR31, NR32 & NR33 offer especially strong opportunities for buy to let purchases with yields of 6% plus commonplace.
If you are looking at investing in a buy to let property call your local Aldreds office today or visit our website!