Why It’s Good To Invest In Leamington Spa Properties
Investing in property is one of the most secure and popular types of investment. There are many reasons to consider buying a house in Leamington Spa as an investment in property. As local estate agents, we would like to share our professional advice as to why you should consider investing in Leamington Spa properties – here are just a couple of factors to introduce you to the benefits of investing.
An appreciating asset
When investing in property, there are two main ways to make a profit – renting the property out, or selling at a higher price.
If you are investing property with the intention to sell, there are a couple of ways to go about this. You can either keep hold of the property as a long-term asset until its value has increased naturally due to external factors, or renovate the house to increase its value and sell it relatively quickly.
There are many factors that influence the former. For example, one factor that can increase the value of your property is how in-demand the location is. Rated one of the best places to live by the Sunday Times and happiest place to live by Rightmove in recent years, Leamington Spa is an excellent place to invest in due to its desirable status. Not only is Leamington Spa a commutable distance from big cities like Coventry and Birmingham, but it is also a hub for career opportunities – particularly for the growing community of video games companies.
Therefore, many potential buyers looking to further their career in Leamington Spa or commute to job opportunities in the city would look to buying a house in Warwickshire. This demand for housing in the area subsequently raises the value of your asset.
Furthermore, land will never depreciate as an asset as it does not have a definitive useful life – in other words, land will always have a use and will always be a valuable asset to own.
The renting generation
According to data collected by the Office for National Statistics in 2018, between 2007 and 2017, the number of households in the UK privately renting increased from 2.8 million to 4.5 million – a 63% increase. They also found that those aged 25-34 are more likely to rent privately compared to their older peers, making up the largest group of renters.
This means that compared to a decade ago, you’re potentially looking at a larger population looking to rent, therefore making rental property more in-demand, so you are more likely to find suitable tenants for the right price.
Investing in property in order to rent it out has a two-fold benefit. Not only does renting the property out give you a steady passive income stream, but will also help you to pay off the mortgage for it in the long term.
Find out more about Leamington Spa Properties
As a Leamington Spa estate agent, we welcome any and all questions regarding property investment – please feel free to get in touch via our contact form or speak to a member of our team on 01926 832411 for any advice. You can also follow us on social media to keep up with the goings on at Charles Rose!