Newcastle has everything landlords could wish for. Great property in fabulous locations, all at affordable prices. A lot of investment has gone into this vibrant city including lots of new developments. There’s also plenty to see and do in Newcastle. From beautiful architecture, historical buildings, the exciting Quayside to fantastic shopping, eating out, bars and restaurants, there’s something for everyone.
In Newcastle there’s a high demand for housing especially in the rental market. With two very good universities, the city is home to many students not only from around the UK but worldwide too. Families and professional people are also searching for rental accommodation, so there’s no shortage of eager renters.
What else does Newcastle offer?
There are many reasons to buy property to rent out in the area. Being close to the coast with excellent transport links, Newcastle offers landlords the opportunity to rent out their property. There are lots of green spaces near the city centre, pubs and shopping malls. From flats to apartments, semi-detached to detached right through to terrace and penthouses, there’s a huge choice of property for landlords.
In Newcastle property prices are quite affordable just now with buy-to-let yields soaring. With such a high demand for rental property in the city, homes are being snapped up by prospective landlords. Being a university city, Newcastle is a buy-to-let hotspot. Students are reliable tenants and can provide landlords with a steady rental income.
Do some research
It pays for landlords who are thinking about investing in property in Newcastle to do a little research first. Property investment is changing all of the time. Landlords need to know about the best buy-to-let mortgage rates and which kind of property offers the highest yields. There’s plenty of useful info on the internet regarding buying your first investment property or for seasoned landlords, adding to their portfolio of properties.
To find to find out which type of tenant is most suitable for your property, read about renting out to either a student or a professional. Remember you will have to satisfy your lender who needs to make sure you can afford to repay the mortgage on your investment.
Owning property in Newcastle upon Tyne
Investing in property in the vibrant city of Newcastle upon Tyne will see a good return. There are some fantastic houses, flats, apartments and terraced properties to buy, most with attractive nearby facilities. For investment hotspots, check out Gosforth, Jesmond and Newburn or the City Centre itself.
Recent statistics have shown that landlords from across the UK are now targeting Newcastle as a great property investment opportunity. Whether you’re a first-time landlord or want to get on to the rental property ladder, Newcastle continues to deliver.
2018 is predicted by many letting agents within the region to be another bumper year for landlords. The rental property market is vibrant across the city so there’s money to be made. Don’t miss out on rental revenue whether from young professionals, students or families. Take the opportunity and invest now!