Buy to Let – still a good investment?
There will always be an ongoing debate about the viability of property as a sound opportunity for investors.
Figures will naturally vary around the country, but at Bargate we see a large share of our business attributed to buy to let sales which we value and encourage.
At our Allbrook Meadow development in Allbrook we have seen a number of investors including accountant Gillian Pizzey and her husband, from Chandlers Ford. They bought a three-bed house at Allbrook Meadow as their first buy to let investment.
“We had been talking about doing something like this for a while because our capital wasn’t getting a very good return in the bank due to low interest rates. We also wanted an investment for our children and to top up our pensions.
“We decided we would buy a house to let, but spent 12 months looking for the right place. When we saw Bargate’s Allbrook development it just seemed to tick all the boxes. It was a new build, so upkeep would be cheaper and in a great area with good schools in its catchment – all things that matter to families.
“The development had a lovely feel to it and we were delighted that the house we bought also commanded a higher rent than we first thought. So not only are we getting a good yield on that rent but will also benefit in the long term of an increase in the value of the house.
“Having never done anything like this before, I was also surprised at how simple the process was through our bank and such is the demand for quality homes to rent, we found a tenant before we’d even instructed agents!
“We’d be really tempted now to look for another property to build a portfolio, but only if we could have the same experience as we’ve had with Bargate!”
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