THE upsurge in house sales across Yorkshire has been so strong that it has become one of the first places in the UK to bid farewell to "accidental landlords".
THE upsurge in house sales across Yorkshire has been so strong that it has become one of the first places in the UK to bid farewell to accidental landlords"
During the economic downturn, these were the property owners who turned to renting out their properties because they could not sell them for the price they wanted or within the timescale they needed.
According to leading residential sales and letting specialist, Linley & Simpson, this is yet another positive signal of the strength and speed of the turnaround in market conditions.
The multi-award-winning, independent agency with an 11-strong branch network offering blanket coverage of West and North Yorkshires most prized places to live said this has opened an unprecedented window of opportunity for investors.
To help their quest for the right property, the company has launched a dedicated buy-to-let feature to its website. For the first time, it enables investors to search solely for properties that Linley & Simpson has already vetted to be ideal investment opportunities and giving them an indication of likely returns.
The extinction of the accidental landlord has created a gaping hole in the supply of rental properties. And it is one which canny investors who now include those savers aged over-55 able to cash in their pensions for the first time - can fill to their advantage, said director Will Linley.
Never has there been a better time for landlords to expand their portfolios, or start one, with a view to injecting some much needed stock to a currently extremely buoyant rental market.
There are several types of property that are very high in demand and low in supply that buy-to-let investors should be targeting across North and West Yorkshire:
One and two-bed terraced/town houses at rentals typically between £525 per calendar month and £700 pcm popular among couples with and without young children.
Two and three bedroom semi-detached houses/town houses/terraced houses at rentals typically between £700pcm and £950pcm
Three and four bedroom semi-detached/detached/ terraced houses at rentals typically between £950pcm and £1150 pcm.