Many luxury, new-build apartment blocks are now marketed specifically to investors. But for landlords in Maidenhead, I would suggest that an alternative strategy is fast emerging.
In years to come it is possible that Maidenhead could have a surplus of modern, two-bedroom apartments, keeping potential yields down. My advice to investors would be to focus on the stock that no-one is building – the humble 3-4 bedroom semi-detached house, of which there is already a genuine shortage.
This summer we have seen corporate demand returning to the Home Counties and some 47% of all new tenants between April and June came from outside of the UK. Expats from North America accounted for more than half of these corporate tenants, many of whom were families in search of gardens, square footage and good schools. Bearing this target market in mind is never a bad idea in our popular corner of the commuter-belt.
I don’t claim to have a crystal ball, but I do have the tools, contacts and years of experience to know what tenants in Berkshire are looking for, what prices they are willing to pay and where they most want to live.
Don’t be one of the 25% of buy-to-let investors who risk their portfolio for the sake of a little research. If you don’t have the time to do the homework, ask us for a second opinion on any property in the area and we’ll be happy to talk to you. Call us on 01753 622686.
This blog can also be read on our website www.rentahome.co.uk