9 Nov

Improved yields for buy-to-let investors, estate agent claims

Improved yields for buy-to-let investors, estate agent claims

Buy-to-let investors in the Essex town of Brentwood have seen an improvement in yields over the past few weeks, according to one local estate agent.

A report from Off Plan Property Exchange.com claims that the local area has experienced a rise in the number of property sales, which has in turn led to a reduction in the amount of homes available to rent on the market.

Consequently, landlords have been able to increase rental rates and see a better return on their investment.

Speaking to the publication, Adam Johnson, lettings manager at Beresfords in Brentwood, said: "Less available stock also means that potential tenants have to move more quickly than in recent times in order to secure a good property, which is great for landlords as this means there is less likelihood of void periods."

Brentwood, which is south of Chelmsford and less than an hour out of central London by train, is a popular location for commuters and young professionals, according to the estate agency.

Land Registry figures released last month revealed that average London property values increased by 1.3 per cent in September this year in the fifth consecutive monthly price rise.

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