We source property (in the South East of England) which will rent well and achieve fantastic returns for our clients.
There are lots of ways to spot growth areas, as well as areas which are seeing increased rental demand.
For example, we use the Census to identify UK towns which have a large and growing number of working adults - this is because our model is based on renting to professional working people.
Local councils also publish information on proposed development areas and there's a wealth of information online to help with your search.
"We started buying in one location 5 years before it become the fastest growing seaside town in the UK"
Of course, analysis tools help, but 90% of successful property sourcing comes down to experience, hard work and talent. Our understanding of the professional rental sector as well as house price indicators ensure we make smart purchase decisions.
Renting individual rooms (as opposed to the whole house) greatly increases income. Over time we've tweaked the professional room let model to produce almost three times the income of a typical buy-to-let investment.
But it's not simply a case of buying a house and splitting it into individual rooms. There are specific types of property which can be converted more effectively than others.
Even with simple desk top analysis, we are able to estimate the cost of conversion and the resulting rental income fairly accurately. This enables us to scan hundreds of properties quickly in order to find potential winners.
We target residential town houses because they value up well and are more saleable than commercial (licensed) HMOs, which means they enjoy better capital growth.
There are countless features that we look for when viewing a property. For example, if you have a large garden, tenants will stay out late in the summer and potentially cause a nuisance for neighbours, so we favour small patios.
Our list is so long it would bore you to read it here, but rest assured, everything we look for is to ensure we maximise income and end up with a tenant friendly long term investment.