![\"Buy](\"https:\/\/www.benhams.com\/news\/wp-content\/uploads\/2013\/03\/buy-to-let-london-BRLETS.co_.uk_.jpg\")
<\/a><\/p>\n1. Research<\/h2>\n
Find out about the local area and what it has to offer tenants \u2013 transport, schools, shops and sports facilities are all important to tenants and influence their decision on where to rent. Talk to a local letting agent who should be happy to advise you.<\/p>\n
2. Rental Demand<\/h2>\n
Over 20% of London homes are privately rented but you need to decide which market you are aiming at and how strong the level of demand is. Are you targeting young professionals (singles and couples), families or maybe students?<\/p>\n
3. Type and Size of Property<\/h2>\n
Your target market will influence the type of property you buy. Young, professional couples will be looking for a one or two bedroom property \u2013 new developments<\/a> are popular as they offer a high spec and great amenities. Families on the other hand prefer something larger, preferably with outside space. If you\u2019re aiming at students, choose either a studio or one bed, or a two bed that is ideal for sharing \u2013 close to a good University.<\/p>\n Research typical rents in your chosen area. Rental yields tend to be higher outside central London where purchase prices are lower yet rental demand is high. For example, a one bed apartment<\/a> in the Dickens Yard development in Ealing costs around \u00a3350,000 and achieves a rent of \u00a31550 per month \u2013 a yield of 6%. Yields in central London are 2%-3% because of higher property prices.<\/p>\n Decide whether to use a London’s letting agent or manage the property yourself. If you\u2019re going it alone, you\u2019ll need to know about the legalities of letting such as tenancy agreements, tenant referencing, the Tenancy Deposit Scheme, gas and electrical safety. And you\u2019ll need trusted tradesmen on hand to handle maintenance and repairs. If you use a letting agent, you should factor in their fees but this is usually a wise investment as failing to comply with lettings regulations can incur large fines.<\/p>\n Finally, remember that property is a long-term investment so plan to keep the property for at least five years. If you\u2019re thinking about buying a London rental investment property and need advice, call any of our London lettings offices for free, accurate rental advice.<\/p>\n","protected":false},"excerpt":{"rendered":" With rental demand outstripping supply in many parts of London, this could be a good time to invest in a London rental investment property. Low interest rates and a volatile stock market add further to the appeal. London property has traditionally performed well in investment terms and is widely viewed as a safe haven … <\/p>\n4. Rental Yields<\/h2>\n
5. Letting Agents<\/h2>\n
Call Us for Accurate Rental Advice<\/h2>\n