Reasons to buy in Hull
Reasons to buy Investment Properties in Hull.
Hull 2017 City of Culture – is an improving City with one of the lowest priced housing stock in England – due to the low wages and affordability this means you get a higher return on your investment than 90% of other areas in the UK.
All our houses are placed in strategic areas within the City to attract the widest range of tenants eg Students (close to the university), Migrant workers (close to pick up points for the factories), Families (close to good schools, shops and restaurants etc).
We have owned some of these properties for over 40 years they have a proven track record as investment properties.
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Because these properties have been our livelihood we have ensured that they are well maintained and structurally sound, most have new roofs, and double Glazing, and we attend to any tenant issues or maintenance issues within 24 hours. They need to appeal to existing and new prospective tenants and it is always our target to get the properties let upon the first viewing.
5. Up and Running
This is a portfolio that works and has a proven track record each property is sold with tenants in place and all existing fixtures and fittings, in essence you would be buying an up and running business and would be earning from the first day.
6. Return on your investment
Most properties will earn you well in excess of 10% i.e. the property could be paid for in full in 10 years time, in some cases we will consider Guaranteeing the buyer a rate of return.
7. No Legal fees
We will pay for the buyers reasonable legal fees.
8. Capital appreciation
This can never be guaranteed but due to the improving local area and interest from investors from out of town, coupled with the lenders loosening their pockets more and more and finance becoming cheaper and more accessible this will only have the effect of pushing of values in the future. The fact that there have not been enough houses built to keep up with our ever growing population has meant an under supply of property and therefore both rents and property values should rise over the next few years.
9. The economy
With interest rates set to remain low (even when they do rise it will be in small %s over time and well below previous rates) and few other places you can achieve returns of 10% + it seems Bricks and mortar is once again the Englishman’s castle.
10. Full Property Management Service
For many first time investors, running properties can be a problem, e.g. fire regulations, licensing, article 4, fire alarms, room sizes, inspections and reports, CO2 monitoring, up to date notice boards, credit checks, maintenance, tenant enquiries, changing compliance issues, rent collections and a whole lot more – We can offer a full management service and ensure the smooth running of your investment!
Why buy an investment property in Hull
- Hull is up and coming area with 2017 City of Culture
- Strategically located properties across the city
- We have 40 Years experience
- Average 50% return in 5 years on your investment
- High returns
- High rental demand from many demographics
- Lower maintenance fees