Basic story:
I am arranging a property purchase for a close relative for investment purposes. I have been in contact with numerous agencies and have asked for the following features:
a property that:
1) is easy to rent out
2) has a good yield
3) brings in good quality tenants
I have been doing research into the kind of areas which are appropriate and it seems areas like Heaton Mersey (and the other Heatons), Didsbury are good for this.
I am currently looking at properties for families i.e. Semi-detached 3 bed etc. Also I have been reading other threads on here and it seems some have a good experience of renting out on a room by room basis.
So here are the questions
1) Which is the best way to go - family rental or room by room (i.e. professionals/students).
2) Am I approaching this correctly - speaking to multiple agencies and trying to get an idea on what is the best type of property to buy
3) Any ideas on which areas are best for investment purposes with the criteria at the top?
Cheers guys
I am arranging a property purchase for a close relative for investment purposes. I have been in contact with numerous agencies and have asked for the following features:
a property that:
1) is easy to rent out
2) has a good yield
3) brings in good quality tenants
I have been doing research into the kind of areas which are appropriate and it seems areas like Heaton Mersey (and the other Heatons), Didsbury are good for this.
I am currently looking at properties for families i.e. Semi-detached 3 bed etc. Also I have been reading other threads on here and it seems some have a good experience of renting out on a room by room basis.
So here are the questions
1) Which is the best way to go - family rental or room by room (i.e. professionals/students).
2) Am I approaching this correctly - speaking to multiple agencies and trying to get an idea on what is the best type of property to buy
3) Any ideas on which areas are best for investment purposes with the criteria at the top?
Cheers guys
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