What Type of Houses Rent Quicker?
Houses in the right location can be very lucrative investments. They can usually attract good long term tenants maximising yields and minimising void periods. Furthermore, they also offer massive capital appreciation on a rising market. There isn’t really one type which is more popular than another. All houses are generally good renters as long as they’re in good condition.
What is a Sought-after Area for a House?
This will really depend on the type of tenant / let you are looking for. If you’re looking to rent to nurses or doctors, then a house close to the hospital will always be the best bet. Professional sharers will usually opt for houses close to the City or Town centres. For family lets, a house in a good school catchment area is always highly sort-after.
Is there an Optimum Number of Bedrooms?
Whether the house is a two, three, four or five bedroom there is certainly heavy rental demand from generally couples, families, corporate lets and professionals. Before deciding on how many bedrooms you want to opt for, it is always better to consider your potential tenants. For example a family would usually look at a three or four bedroom house. Furthermore, the best yields for professional sharers would come from higher numbers. Having said that, you always have to consider and HMO legislation when renting to multiple tenants.
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