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Find your local brokerWhen growing your portfolio, the location of your buy-to-let investment certainly matters. The property you choose has to produce a rental return and income stream after all, as well as have the capacity to grow in value and generate a capital gain when the time comes to sell.
The right location not only determines whether you keep your rental property occupied or not. Alongside the property type and local demand, it’s a defining factor in calculating how much rent you can charge.
For landlords just starting out or those wishing to expand their property portfolios, buying a property in East Anglia is an excellent step in the right direction. East Anglia is home to several up-and-coming areas, and established and desirable locations that people from all walks of life want to live in.
To help you find the rental investment of your dreams, we’re here to share the top places to buy in East Anglia…
With the distance between East Anglia and London around 96 miles by car, many East Anglian villages, towns and cities are popular locations among commuters. Yes, those looking to escape the rat race and live their lives away from the bright lights of the city, find the perfect mix of coast and countryside right here.
Lavenham is a great commuter town, and a property hotspot for landlords and homebuyers alike. Based just 1 hour and 30 minutes away from London by train, this Suffolk town should certainly be on your hit list when looking for profitable buy-to-lets in East Anglia.
Often ranking highly in rundowns of the best places to live in the UK, Bury St Edmunds is well known for its great schools, excellent employment opportunities and super-fast broadband speeds! So, it should come as no surprise that it’s popular with couples, families and young professionals.
Buying a rental in Bury St Edmunds means tenants have access to all these amenities and more, which means your property is likely to stay occupied for the long haul.
As the central hub of the University of Suffolk, the county town of Ipswich is a hive of activity and a great place to invest as a UK landlord. Its vibrant community, historic waterfront, and cutting-edge arts scene provide the perfect place for people to call home, including many of East Anglia’s student population.
Renting to students is a fantastic opportunity for so many reasons and, as Haart explains, targeting the student market could in fact be more profitable than renting to traditional tenants:
“Student areas provide strong and consistent demand and competition for available properties. A student tenancy typically lasts for a minimum of 12 months, meaning less stress for you finding new tenants. They maximise your property’s earning potential – a two or three bedroom-property can house up to three students. Students tend to mind less about older furniture or outdated bathroom suites – it’s not a long-term home for them.”
As a city well known for its student population and employment opportunities, investing in a buy-to-let in Cambridge is certainly recommended.
The compact and famous student city is the site of the University of Cambridge and Anglia Ruskin University, as well as industry leaders from the world of business. Buying in Cambridge will provide no shortage of tenants whether you want to target students, families or professionals.
Now you’ve found your perfect buy-to-let, what’s next? Here’s how to prepare your property for your tenants.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A typical fee is £295. Ask for a personalised illustration. The Mortgage Bureau is a trading name of A.M. Mortgages (UK) Ltd. Authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of Buy to Let mortgages.