Use Nowletting to buy or rent out your property
As a landlord, you can use Nowletting in two ways:
1. To find a property to buy with the express intention of renting it out.
2. To find a tenant to rent the property.
This article covers how to find a property to buy that can be rented out.
Nowletting is the best place to start your search, because 90% of property for sale is advertised on our affiliate websites.
This gives you a huge choice of property for sale. Most listings on Nowletting have additional information such as extra photographs, virtual tours, floor plans and brochures so you can really get a good idea of what the property is like before you go on viewings.
To make your search easier, you can register for email alerts so you can receive automatic notification in your inbox of new listings that match your search criteria.
Once you have found a property that interests you, contact the Nowletting agent in your area of intended purchase to arrange a viewing.
Other ways to use Nowletting
Finding the ideal buy-to-let property
To get a property that will give you a good level of rental income and capital growth, you'll need to understand what will appeal to tenants - which may be very different from what appeals to you.
For example, while you might love houses that are a stone's throw from nowhere, there will be limited demand from tenants for properties like this, no matter how pretty and idyllic it looks.
Start by looking for areas and types of property that are in demand now and will become increasingly in demand in the future.
Things to look for are...
Improvements driven by companies moving in, new transport links or
general area of growth in commerce
An area getting discovered
this may be because it is close to another attractive area.
An up-market shop opening is often a good sign.
Your local letting agent will be able to advise:
What type of properties in their area have the strongest (and fastest growing)
level of tenant demand relative to the supply of properties of that type
What type of tenant will be suited to your type of property -
singles, couples, families, students, private tenants or corporates
What level of furnishings (if any) the tenant will expect a landlord to provide
What approximate level of rent you could expect to achieve - and how
quickly you can expect to receive it
What changes are happening locally that will affect future tenant demand
and property prices
Whether an oversupply of a certain type or size of property is likely to
develop a few years down the line.
Properties that let quickly tend to have the following features:
Proximity to shops, schools and parks.
Kitchens and bathrooms in a good state of repair and décor
Ample storage
Good natural light
Parking
Garden (important for tenants with children)
Good security
Pet friendly - if you want to attract families
If you have a type of buy-to-let property in mind, discuss this with your letting agent.