Top Features of A Rental Property

Finding an investment property in the UK can be daunting for the first-time investors. But if done right, it can reward you with regular income.

There are certain features you must check when looking for a rental property. The essential ones include:

Type of neighborhood

The types of renters that show interest in your property depends on the neighborhood. For example, a property near a university attracts more students. The professionals usually prefer homes near business parks and corporate hubs.

Transportation

The tenants prefer a house in an area that’s well-connected. The properties in the inner areas of a city must have bus stops nearby. Before investing in a property, check modes of transport.

Amenities

The amenities like schools, hospitals, parks, restaurants, and health centers also attract renters. Many investors tour the neighborhood to gain this information. Others take the support of online resources and estate agents. You must also check the same to ensure you are buying a “hot property.”

Average Rent

It goes without saying that you need to identify the average rent of the location where your property is situated. A reliable online valuation tool helps you in determining the average rent.

Pet-friendliness

For many renters, pet-friendliness is one of the essential factors when searching for a home. When listing your property for rental purposes, don’t forget to mention this feature.

As discussed above, you can identify the average rent of an area through a robust online tool. The automated valuation tool by Property Deals Insight offers insights on the rental yield of a property, along with details like valuation confidence, annual cash flow, and similar properties. Find more information here: https://www.propertydealsinsight.com/property-insights/