Whether its student accommodation, holiday lets or buy to let homes, investing in property has long been considered a reliable and lucrative way to increase your financial portfolio.

Unlike other forms of investment, property offers a tangible asset that can provide a steady, long-term income.

Across the North of England, there are properties available for investment in a range of locations, from university cities to holiday destinations or homes requiring renovation and modernisation for families to enjoy.

But what are the benefits of investing in property? We explore the advantages of such an investment, and what it can mean for you in the long-term.

Steady income

One of the most compelling reasons for property investment is the potential for a steady income stream. Rental properties, whether residential or commercial, can provide investors with a monthly income. With the majority of Britain’s largest mortgage lenders currently offering mortgages rates of less than 4%, it is an ideal time to invest in property. Additional amendments to the First Time Buyers’ Stamp Duty Land Tax Relief have also extended who is applicable for the relief to now include individuals buying a residential lease via a nominee or bare trust, bringing them into line with purchasers of residential freeholds and pre-existing leases.

Property prices

While house prices in the North East are steadily on the rise, it is still statistically significantly less expensive than London and the South East, meaning the North East and Yorkshire are ideal locations to buy homes. Sunderland takes the top spot nationally for buy to let properties, with an average gross rental yield of 8.96%.

Locations such as Haltwhistle, Jesmond and Tynemouth have seen an increase in potential new residents seeking rental properties in these areas. Commercial development and low rental rates in Sunderland and North Tyneside means a large number of businesses are looking to move to the region or to open a regional office in the North East.

Huge demand from tenants

Demand for student lets and staycation venues are also on the rise. As the universities in Newcastle, Sunderland and Teesside modernise and expand, more and more national and international students are looking to study in the North, meaning demand for good quality, affordable student lets is constant, and landlords can see a regular turnover of tenants year on year. And, as much of the population look to explore the UK rather than travel abroad, holiday lets in Northumberland, County Durham and North Yorkshire guarantee a steady income stream year-round, with Seahouses on the North Northumberland coast the most profitable place to own a holiday home in the UK. 

Control over investment

Another benefit of property investment is a guaranteed control over your investment, from making decisions on which properties to purchase, to overseeing renovation and selecting appropriate tenants.

Full-service property firm, Bradley Hall, offers an end-to-end property management service on residential and commercial properties across the North of England, and vet all potential tenants, as well as manage any issues at the property and conduct inspections on behalf of landlords. The dedicated team have a wealth of knowledge and offer peace of mind for clients with multiple properties in a portfolio.

For more information, or to enquire about Bradley Hall’s property management services, visit www.bradleyhall.co.uk or call 0191 232 8080.