The low prices of terraced houses outside London and high rental yields means that such properties are the best types for investment and now at just £47,950 they are affordable even without a mortgage.
Lancashire, UK (PRWEB UK) 29 November 2014
Find UK Property has launched a full investment solution with low cost houses from under £50,000 that come with rental yields of 8%. Full property management is included with repairs and property maintenance included as part of the package.
These Type 2AS properties are complete terraced houses with lounge, dining kitchen, rear yard, two bedrooms and 3-piece bathroom and are located in popular town centre areas where rental demand is high. This enables the company to offer guaranteed rent as part of their management package.
Investors living overseas (include expats and foreign nationals) see the UK as secure country for long term investment with the aim of using rental income for children’s UK education, their UK holidays or ultimately as a pension.
Many such investors have savings of only about £50,000 which are normally not considered sufficient to purchase a house in the UK without a mortgage. Most banks will not lend to UK not-residents and hence in the past, many such investors have not been able to purchase property in the UK. However, following the recession property prices in the North West of England have dropped to around this level and enables such buyers to purchase a property without getting a mortgage.
Andy Noble, Senior Marketing Consultant at Find UK Property said, “The low prices of terraced houses outside London and high rental yields means that such properties are the best types for investment and now at just £47,950 they are affordable even without a mortgage.”
He added: “Increasing number of overseas buyers are now looking closely at rental yields to generate income and their research is taking them down the road of buying lower cost terraced property away from London. This generates higher income for the same total value of investment. Our best value house in the North West of England now costs just £47,950 and delivers 8% rental yield. The same 2-bed house on the outskirts of London could cost over £250,000 and deliver around 3% rental yield.”
About “Find UK Property”
Find UK Property are the 'buyers' agent and specialize in helping serious overseas buyers find the most suitable investment property for their needs. The company conducts regular surveys on overseas investors and findings are printed at their “UK Property News” Blog at http://blog.findukproperty.com.
The most popular purchase are the fully managed low cost houses in the price range of £48,000 to £70,000 that come with full management, repair guarantees, and guaranteed rent. Many clients are seasoned investors who may have purchased investment property in other countries via sister companies Openshore Property and Sandcastles based in Dubai. Further details can be found on the Find UK sales website at http://www.findukproperty.com