5 August 2020
YORK is fast-becoming an ideal place for buy-to-let investors to expand or begin their portfolios due to the current demand for apartments in the city.
The UK buy-to-let market is now showing signs of recovery after COVID-19 affected the industry, with interest rates for mortgages at record lows and a wider variety of buy-to-let mortgage options available which, tied in with the current tenant demand for property, makes for an encouraging time to invest.
Amber Wren, Lettings Valuation Manager of the Linley & Simpson York branch says, 'We are currently experiencing a high demand for two bedroom properties between the price range of £700pcm-£900pcm. We currently have around 150 qualified applicants registered with our office with this budget who are looking to move within the next month, with this resulting in receiving multiple applications for many of our properties that are available.
'It's clear that the whole fabric of York is suitable for buy-to-let investors, the city is an affordable and attractive location. Its main services include finance, tourism, health and education, it's full of history and culture which makes it a huge tourist hotspot and it's ideally located right between London and Edinburgh which results in excellent transport links across the rest of the country.'
There are a variety of investment properties available for sale in York at the moment. Below is an outline of possible investments available.
Centurion Square, Skeldergate, York
Please click here.
On the market with: Bridgfords
Guide Price: £235,000
Potential rental income: £950pcm
Information: A spacious and well-presented top floor two-bedroom apartment in a sought after modern city centre development.
Click here to see all properties available in York.
For more information on investing in York, please contact the York branch.
For more information on our Management service, please click here.