What do landlords need to consider when investing in Portadown?

Whenever a member of our team has had a discussion with a landlord regarding property investment in Portadown, we have always found ourselves covering the same points in great detail, in order for them to get the right property to match their investment needs. Here's our key factors to think about when looking for your next investment property...

It is critical in property investment to take a step back and look at the bigger picture, as opposed to just focusing on the basic fundamental of a single property, or a “proposed deal” by an estate agent; especially if you are looking to achieve a sturdy rental yield in addition to great capital gains.

This means taking an extensive, in-depth look at your property investment area. Anyone can fire up a property portal at any given moment, select a property with an attractive asking price, or a reasonable looking refurbishment project and head down the route of securing it, carrying out any necessary works and slapping a rental figure on it.

But an ideal investment strategy is also about thinking intelligently, with a meticulous eye and flare for detail.

Like any business, you need customers to thrive. In this scenario, your prospective tenants are your customers. To generate customers in property as an investor, you firstly need demand in order to precipitate supply.

Therefore, as a forward-thinking and thriving property investor, you will need to analyse and select particular areas with high demand from tenants. By investing in areas with an established demand, this will secure the custom for your business as you look to provide the supply side of the chain.

Demand for rental properties is driven by an extensive number of points (which we are more than happy to elaborate on, just give us a call):

  • The current population of your target area. An analysis of the current population allows you to work out the broad demographics, and who you will be looking to primarily target with your investments.
  • The growth in population in your target area. Population growth, be it organically through birth or through people moving to the area – this growth will continue to create demand and consequentially drive up both property sale prices and rental figures.

  • How long will the population growth continue for? Is it sustainable?

  • Who are the employers driving Portadown’s economy?

  • Is there support for businesses offered by the local council or Government?

  • How great are the local schools? What are their ratings, catchment areas and demand?

  • Has the Government pledged or delivered funding for any regeneration projects?

  • Is there any infrastructure investment planned?

  • Is there any proposed development activity?

  • Can local residents afford the rental figures? What are the earnings of the local population or their affluence?

  • Buying in areas where rental figures are within one third of the median income of the population.

  • Is the area you are looking at a place where residents choose to live?

  • What are the local crime rates? What sort of crimes?

  • Are there any flood risks?

  • What are the transport links for commuting?

Meeting all these factors when investing in Portadown property is a sturdy, futureproofed method of landing in a market with healthy demand. By focusing on these principals, you will be safe from getting lost in the details. Ask yourself the right questions, and be confident in your answers.

As the local property experts in Portadown, we are well versed in being able to assist in answering each of these points in depth, and advising you on the best property to invest in to generate the results you desire.

If you would like any more information, our team will be more than happy to assist. Give us a call on 02838 355 100.

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Lettings and property management experts covering Portadown, Lurgan & Craigavon.  Owned by actual landlords – we’ll look after your property as if it was our own.

CONTACT US

02838 355 100

info@orchardlettings.com

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NEWSLETTER

Subscribe to our landlord newsletter for the latest lettings news & views.

Lettings and property management experts covering Portadown, Lurgan & Craigavon.  Owned by actual landlords – we’ll look after your property as if it was our own.

CONTACT US

02838 355 100

info@orchardlettings.com

WORKING TOGETHER WITH

NEWSLETTER

Subscribe to our landlord newsletter for the latest lettings news & views.

Lettings and property management experts covering Portadown, Lurgan & Craigavon.  Owned by actual landlords – we’ll look after your property as if it was our own.

CONTACT US

WORKING TOGETHER WITH

NEWSLETTER

Subscribe to our landlord newsletter for the latest lettings news & views.