Where to buy
By Sally Fraser of Stacks Property Search
£150,000 budget: Brighton and Hove
Buying in this perennially booming London commuter location is a lot cheaper than investing in the capital itself, with one-bedroom flats in the centre starting at £150,000 and likely to earn a monthly rent of £650. “This bottom end of the rental market is always in demand with tenants as their budget does not stretch very far in the town centre — so voids in the tenancy tend to be few and far between, a vital part of a successful buy to let,” says buying agent Sally Fraser of Stacks Property Search.
“Many landlords have been achieving an increase in the rent with the student market of about five per cent year on year, offering a return in the region of five to six per cent.” For student lets, investors should look for a central location with good bus links to both the city centre and the Sussex University campus.
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