Buy-to-Let Deal of the Month
2 bedroom converted ground floor flat, Uplands
(click here to view the brochure)
Yield: 6.9%
Great for: professional couple or sharers, close to transport links for work, leisure and amenities
Things to consider: leasehold and associated charges
What stands out about this property is its proximity to the shops, wine bars and restaurants in Uplands, as well as the University, Singleton Hospital, and the city centre. Lots of professionals are opting to share in this area to save on the costs of living alone, and flats like these are proving hugely popular.
2 bedroom terraced House, Manselton
(click here to view the brochure)
Yield: 7.5% (not taking account renovation costs)
Great for: easy access to the M4 and the city, generally a popular area for tenants
Things to consider: older property may require more work than budgeted for, and may be more expensive in terms of maintenance costs in the long term
Having lived there in the past, Manselton is a firm favorite of mine, and I know the area pretty well. Manselton consistently proves to be a popular location for professional couples and families due to its proximity to two main arteries into and out of the city, whilst being only a 20 minute walk into the city centre.
2 bedroom new build, SA1
(click here to view the brochure)
Yield: 6%
Great for: professional couples and families
Things to consider: lower yield
Modern properties are always popular with tenants, as they shouldn’t have any ‘hidden nasties’ and provide an easy way of living. This is the same for landlords, as the maintenance on a modern property should be less than for a typical mid-terrace, for instance. The Cockett development is great for professionals needing good access to the M4 and the west of Swansea, such as Singleton or the Universities, but is also a nice, quiet, family-orientated estate.
Having an insight into the property market in Swansea can mean the difference between a good investment and a costly one. Another reason to keep in touch and let me know what you are looking at in 2017!