Choosing the right Nottingham Letting Agent
Should I purchase an investment property in Nottingham is a question we get asked all the time. With the city currently showing outstanding house price growth, and having two large universities, you can see the appeal…
The answer however isn’t that straightforward, and without a local lettings expert on your side, it’s something that you can easily get very wrong. Taking a punt on a property in a city you aren’t familiar with can be a purchase you live to regret for years to come. Remember, the estate agent that is selling the property works for the seller, not the buyer!
Considerations when you’re investing are numerous. Who do you want to rent to? students, professionals, house-sharers etc…. The location you purchase in will probably be dramatically different for each tenancy type.
Licensing – Nottingham is littered with licensing schemes and the local authority is less than landlord friendly. Before you invest, make sure you’re aware of the licensing scheme that the property falls into. If you see a house for sale in a student area that seems a complete bargain, there could well be a reason it is so cheap.