Which Type of Property?

When considering which type of investment property to purchase, we are always happy to help you explore the options.

Understandably this can be very overwhelming, especially for first time landlords. The good news is Maldon has a lot of verity when it comes to different types of property. Whether you are looking for a studio apartment, a family home or a period property there is a lot of choice! That said, please do not feel we are restricted only to Maldon. We cover all surrounding towns and villages as far as Billericay and Canvey Island.

To begin with, It may be worth thinking over the type of tenant you would like to appeal to. Single professionals, young couples, first time renters or families. Other things to consider may include if you are willing to accept a pet or not, if this is something you would consider then a garden or small outside space of some sort may need to be factored in. You may wish to read our other article ‘are you a pet friendly landlord’ to explore the pro’s and con’s further.

What are Tenants Looking For?

Demand on all property types is at an all time high, but we always find that houses are more desirable and especially those with 2 or 3 bedrooms. These properties can be appealing to both professional singles, couples, and families which can help to keep vacant periods to a minimum and in turn attract longer term tenants.  Gardens and parking always help to generate additional interest.  These generally would be freehold properties. 

Flats also attract a good level of interest but bear in mind that as a landlord, you may have additional costs to consider such as annual service charges and ground rent. Again parking is an added bonus and being close to local amenities can also be on a tenant’s wish list.

Larger family homes are fairly few and far between so when they do become available, there is generally a good level of interest.  If you are thinking of moving from your own home and are wondering whether it would make a good rental, the answer is probably yes.  You may be considering if renting out your current home rather than selling is a viable option, why not let in the interim until you have reached a final decision?  If you do sell, it may be something you regret and this may be a great opportunity to have an investment property.  If this is something that you think you would like to consider further, why not speak to us first about the potential rental income?

Not all of our applicants are looking residential property either. Commercial properties too can generate a good level of income and may be an investment you have not previously considered.  Again, we’re here to have an informal discussion regarding the options available to you and the types of premises that are popular for local companies and businesses. 

Here to Help

We are always happy to talk through properties that you are looking at before you proceed. Whether you prefer to pop in our office or call us where we can view the details direct from rightmove.co.uk and provide you with guide figure of the rental the property will expect to achieve. Of course, the best way to give you an accurate figure is to view the property with you, however many landlords find it helpful at the stage of viewing properties to know what kind of income they are likely to achieve.

Feel free to contact us on 01621 850145 where our lettings specialists are readily on hand to help you whatever your enquiry.