Buy-to-let investment properties have long shed the incorrect image of being for older investors with a bit of spare cash. Instead, they are increasingly developing a reputation as one of the safest, most reliable and most profitable investments currently on the market.
After all, bricks and mortar has always been a popular option for investors, whether they already have a varied portfolio, or are just choosing where to make their first purchase. Advantages include being a high yielding, naturally appreciating and tangible asset. So, with the extra benefit of a constant stream of rental income, many investors are attracted to the buy-to-let options available.
Understandably, the appeal for buy-to-let is therefore growing, not only for established investors who have already built up their portfolio, but also for those who may not even own a property yet, and are just starting out on the buy-to-let ladder.
According to research from letting agent Rentify, 49% of young people (aged 18-39) believe that buy-to-let properties are the best investment options available in the UK today. Many of these young people are living in the Private Rental Sector, so understand this market better than other less accessible investments.
George Spencer, the CEO of Rentify, noted how: “The fact that 49 per cent of first-time buyers would consider investing in buy-to-lets is fantastic and shows that there are more options out there and more people who want to get on the ladder.”
Plus, interestingly, of the 49%, 4 million of them are actively searching for a buy-to-let property to invest into. Proving that once and for all, buy-to-let is no longer just an option for older, wealthier investors.
These days, many of the most profitable, most popular buy-to-let investment opportunities are luxury apartments close to city centres, marketed towards this very same young professional demographic. This means that younger investors can enter the market as an investor, looking for the best options available, but crucially with a tenant’s viewpoint in mind.
One of the most highly sought after developments currently on the market is Bridgewater Point in Greater Manchester. With one, two and three bed apartments available, all decorated to a high spec, and with on-site facilities such as a gym and beautiful communal garden available, it’s no surprise Bridgewater Point has gained the attention of new and seasoned investors alike.
Bridgewater Point couldn’t be better located: it’s in one of the most up-and-coming areas of Greater Manchester, close to both Manchester’s and Salford’s city centres, allowing tenants to make the most of the cities. Plus, with impressive net yields of 6%, Bridgewater Point is appealing to investors as well as tenants.
For more information on Bridgewater Point click here.