RadapProperty

How do you choose your rental property location?

Here are our top three tips for choosing your next investment in the right location.

As an investor, your renters are your customers. It is essential to put ourselves in their shoes.The top priority for the renters is Safety & Accessibility

1.A neighbourhood that is safe and secure.

Investors may find the cheaper properties appealing. But prioritizing safety and security over price is essential.

2.Proximity to university, work, local nightlife or shops

Think about what type of renter you expect in the property and check the relevant proximities.

3.Located in the catchment area of good schools.

Many family renters would be interested in moving near good and outstanding school catchment areas.

2. Proximity to university, work, local nightlife or shops.

2 easy steps to find the motivated sellers in your area



1. Search your location on the Zoopla home page
2. Change the sorting option above the results to "Most Reduced"

Source: ONS report

UK average house prices increased by 15.5% over the year to July 2022, up from 7.8% in June 2022.

This is the highest annual inflation rate the UK has seen since May 2003.

A recent study by Aldermore reveals Yorkshire area properties require only half of the deposit costs compared to the south for first-time buyers.

On average, deposit costs in

National - £43,500

London & South - £52,777 / £54,570

Yorkshire - £27,379

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3. Calculate rental properties demand

Rental Demand % = (Total Let Agreed / Total Listed Properties ) * 100

In this example,
Total Let Agreed = 781
Total Listed Properties = 2021
Rental Demand = (781/2021)*100 = 38.64%

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2. Find Total Let Agreed Properties

a. Remove let agreed from filters
b. Note down the number. that's your "Available properties" in the market now.
c. Calculate Total Let Agreed Properties= Total properties listed - Available properties

In this example,
Total Listed Properties = 2021
Total Available Properties = 1240
Total Let Agreed = 2021-1240 = 781

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3 simple steps to find the rental demand in your area.

1. Find total properties listed in the interested area

a. Search on Rightmove with "Include Let Agreed properties"
b. Note down the number of properties in the top left