Search
Close this search box.

House Price Rises in the North West Drive UK Growth

July 12, 2021

Share to: 

Article Summary

Investment
  • The biggest reason property investors choose to buy off-plan is the much lower cost to purchase. The earlier in the build you decide to buy an off-plan property investment, the cheaper it will be.

  • The lower purchase price means your returns will be higher, both in rental yields and when you come to sell.

  • Renters are attracted to being one of the first people to live in a property. This shows in Leeds investments, with its 98% occupancy rate.

Off-plan property investments refer to those properties that are still under construction. Despite not yet being complete, they are often a better choice for investors than completed builds – especially in popular markets like Leeds investments. Here are five reasons why.

 

Leeds investments –

1. Lower cost, higher returns

The biggest reason property investors choose to buy off-plan is the much lower cost to purchase. The earlier in the build you decide to buy an off-plan property investment, the cheaper it will be. It can be possible to save tens of thousands of pounds compared to buying a market-ready property.

The lower purchase price means your returns will be higher, both in rental yields and when you come to sell. For example, if you were to make off-plan Leeds investments, the average house price growth in the city of 3.1% is only a small indication of what your returns would be in 12 months or less.

 

2. You’ve got plenty of options

There are more options available when considering how to grow an investment in an off-plan property.

For a quick return, investors can sell the property before it’s completed – often with excellent returns. Or, investors may hold onto the property and sell in a few years, gaining rental income in the meantime.

 

3. More choice

There is a lot of freedom that comes with off-plan investments that you don’t get with other property types. New developments have plenty of unit types available that investors can choose from to suit their needs.

A good example of this is the Centenary House Leeds investment opportunity, where purchasers can choose from a range of 80 studio, 1, or 2 bedroom new-build or refurbished apartments.

As well as the size and type of unit, investors can sometimes also have input into how the property is decorated.

 

4. Increased rental demand

Off-plan investments are always popular with tenants. Renters are attracted to being one of the first people to live in a property. This is especially the case for new-build properties in cities with a high rental market, such as Leeds investments with its 98% occupancy rate.

As new-build properties are modern and up-to-date, they often don’t need any maintenance or repairs either before or during the tenancy. This not only improves your tenants’ experience – making them more likely to continue renting with you – but yours as well.

 

5. You can stagger payments

Off-plan properties can give investors more flexibility in how they pay for their investment. With other kinds of properties, it can be difficult for investors to pay the large upfront deposit required for many buy-to-let mortgages.

But off-plan developers will allow you to stagger your payments, splitting them over several weeks or months. Some developments even give discounts should you buy off-plan, such as the Leeds investment North Crescent, which offered up to £25,000 off per apartment.

 

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

 

Get in touch

For all of the latest information about Manchester property investments and to start your own property investment journey, contact the experts at North Property Group now.

Share to: 

Explore our property in Manchester

The Bailey

From £262,450

   Gross Yield: 6%
   In Construction
   Est. Q4 2024
   Lease Length: 250 Years

Related Articles

Co-op Live: An Addition To Manchester’s Famous Nightlife

Co-op Live was finally open this week, after a period of cancellations and uncertainty, to join Manchester’s famous nightlife.
Read More →

Why Liverpool Has Become An Investment Hotspot

Here’s why billions of pounds are being invested into Liverpool, including the coveted L1 postcode and the revitalised Bramley Moore Docks.
Read More →

The North West Property Market Is Outperforming The UK

The North West property market is outperforming the rest of the UK property market, outstripping London and the South East. Here’s why.
Read More →

Why You Should Invest In Off-Plan Property

Here's a few reasons on why you should make your next property investment a UK off-plan property, including tips on how to get started.
Read More →

UK Property Market Growth Is Booming In 2024

The UK property market always could endure, making it attractive for investors. 2024 has ushered in signs of growth, signalling a positive change in the ...
Read More →

Why Salford Is A Regeneration And Investment Hotspot

Why Salford has become the North West’s newest and most exciting regeneration and investment hotspot, covering MediaCityUK and Salford Quays.
Read More →

Come talk to our professionals to learn more about the UK property market now!

Learn more about investing in Manchester by downloading our guide today