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Finding the Right Buy to Let Property

What Type of Property Should I be Looking For?

This will depend on what type of tenant you are hoping to attract and where you are choosing to invest, be it city, town or country.

• Studio flats. Popular with students, as the rents required for these are often all they can afford. In inner city areas they can be used as a weekly base for a working professional whose principal home is out of town.
• One bedroom flats. This type of property offers the best rental possibilities in an inner city area. They are more popular with young professionals than studio flats. The one disadvantage of this type of property is that it often comes without parking.
• Two bedroom apartments. This type of property is popular with young couples or two people sharing. It is preferable for this type of property to have two bathrooms and parking.
• Small terraced houses. If they are located in a city they could appeal to couples or sharers. They could also appeal to a family with young children but would need to have a garden.
• Large houses. If situated near a university, this type of property would be ideal for student sharers. It could also be suitable as a family home, if it was situated close to schools and transport links.

Tip

A general rule of thumb is that apartments are the preferred rental properties in inner city areas, whereas houses are more suitable in small towns and rural locations. If you are in any doubt at all as to what property will be most suitable for letting in a given area, consult the professionals and read the local property papers.