Cardiff Estate and Letting Agents
Properties in Cardiff, Penarth and the Vale of Glamorgan

With interest rates at an all time low “buy to let” properties are experiencing a new lease of life. Cash rich investors are now getting back into buying sensibly priced properties that offer a minimum of 5% ROI (return on investment) with the additional potential of capital growth. Good negotiating skills can realise considerably more. The art is to find properties that are already at least 25% less in price than they were at their peak in the autumn of 2007. Less if a terrace house but a bit more if an apartment. It’s at that point that the nadir of the market is likely to be reached when the relationship between property prices and earnings become more realistic and affordable. Remember that the higher the property value the lower the yield.

Often forgotten and not therefore taken into account are service charges that are levied by management companies on blocks of apartments. These can range enormously but are often £1200 or more per annum.

When negotiating a purchase probe the circumstances of the vendor. You may be pleasantly surprised by the response to a cheeky offer!

To discuss how â “buy to let” may work for you including properties and that are already tenanted please call Sue Scott or Anthony Jones on 029 20 41 51 61 and benefit from our 16 years of experience within this market.