+44 (0) 113 4264 444 View All Investments Book a Call

Book a Call

Integrated Form
Back

Advice from North Property Group featured in The Telegraph

Written on .

British newspaper, The Telegraph has reached out to North Property Group for professional advice regarding property investment, to use in their property segment.

Managing Director of North Property Group, Tim Coen, advised The Telegraph that the city of Leeds has a “massive shortage of property”, accompanied by a 97% occupation rate, meaning that second hand stock can have the bonus of coming with tenants in situ; this is a big plus as void periods can be punitive; landlords must pay council tax for any days that a property is empty. Furthermore, in wake of the tenant fee ban introduced in June, they must also pay the administration fees to source a new tenant, which is approximately £250.

The North-West

Portfolio yields in the North West are 5.9%, according to the NLA. This is a drop from 6.7% in 2018, but steady compared to rates of 6 per cent in 2012. New-builds in Liverpool and Manchester have some serious perks; “it’s very easy to rent out, there’s a structured warranty, fixed costs, low maintenance and the tenants stay longer because they’ve been there from the beginning.”

Manchester

Manchester yields aren’t what they used to be, sale prices have gone up faster than rents; a £200,000 flat in Manchester will bring in the same monthly rent as a £125,000 property in Leeds.

There is, however, money to be made in capital appreciation. Prices in Manchester have increased by 52 per cent in 10 years, according to Hamptons. Buying a new-build off-plan here, can mean discounts of up to 10 per cent.

Coen’s Top Tip

Coen’s top tip: “Avoid anywhere too industrial.” Lenders’ gauge of what is re-mortgageable depends on demand from owner-occupiers. So, in Manchester, M17 and M16, the postcodes that will see new rental demand with the New Trafford Wharf development, are ones to watch.

Call Us On +44 (0) 1134 264 444 Or Request A Call Back

Integrated Form


North Property Group is a member of the Property Ombudsman.

Prime Location

Copyright © North Property Invest
Powered By Spotlight Studios

Registered in England and Wales, Registered Office: One Brewery Wharf, Waterloo Street, Leeds LS10 1GX, Company Number: 10761978

Contact Us

Integrated Form

Join The Investors Club

Integrated Form

Calculate my Stamp Duty

Your calculation
Please note: This calculator is provided as a guide to how much stamp duty land tax you will need to pay in England, Wales and Northern Ireland.

Register your Interest

Integrated Form
Top