Why York is a great place to invest in buy-to-let property
Recently voted ‘Best Place to Live in the UK 2018’, York is fast becoming the ‘go-to’ place to live thanks to its perfect mix of heritage and hi-tech, excellent transport links and vibrant city life.
This is great news for those looking to invest in property. With such an eclectic mix of property in York, you can find something to suit all budgets and tastes whether that’s traditional family homes with outdoor space, or modern city centre apartments.
With the demand for rental property in York always high, whatever the type of property you choose to invest in, you will never have a shortage of possible tenants.
In such a historic city such as York, there are a great variety of older properties available. Small city terraces originally build for the Rowntree’s factory workers, large detached homes with mature gardens, and country cottages in the surrounding villages all offer something different and can provide an equally good return on investment.
Older properties are particularly attractive to families and older couples looking for more space. Of course, they can require more maintenance than new builds but there aren’t any service charges to worry about.
As well as the traditional style of properties, there are a growing number of high quality, contemporary properties available with lots of new developments being built across the city. Hugely popular with young professionals, city centre apartments are always in demand and can provide a great rental yield although you must be mindful to offset this against any freehold communal area service charges.
Whichever the type of property you may decide to invest in, you can then tailor the management service to your exact needs too. We offer a range of options including full property management and let only services, as well as our fully managed Platinum level management service including our 100% rent guarantee.
Take a look at some ideal Buy-to-Let properties currently on the market in and around York:
2 bedroom Apartment: Merchant Exchange, Skeldergate,York, YO1 6LT
Guide Price £400,000
1 bedroom Flat: Emperors Wharf, Skeldergate, York, YO1 6DQ
Guide Price £220,000
2 bedroom Terraced House: Falconer Street, Holgate, York, YO24 4JH
Guide Price £175,000
If you have any questions about investing in York property, please contact us on 01904 629629.