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Showing results for tags 'capitalgrowth'.
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Yarmouth & the Eastern Coast Regeneration
LaurenCR posted a topic in Location Specific AdviceLooking for any advice/opinions about investing in Great Yarmouth and the coastal areas around it such as Gorleston- has anyone done this, and if so, what areas would you recommend, and how are you finding the rental market atm? This will be my 2nd BTL, my first is a one bed flat in Liverpool purchased through Property Hub. I'm a Norwich based investor, have looked into purchasing a BTL in Norwich and the returns just aren't as good as some coastal areas such as Yarmouth. As GY is known as a deprived area, I am of course concerned about the capital growth there, but there seems to be a lot of investment and regeneration happening in GY at the moment. This makes me wonder, is GY an up and coming town? Is it realistic to think these investments will result in a booming seaside town within the next 5-10 years, or would I be better off investing in the less deprived areas surrounding it such as Gorleston/ Bradwell etc? The regeneration projects currently planned for GY; A £120m bridge - the third river crossing - will link the town's marine and offshore industries with the A47 when it opens in 2023 The borough council's replacement £26m Golden Mile "anchor attraction", the Marina Centre leisure complex, is due to open next summer A £20.1m Town Funds grant will help create jobs and plans to turn the empty Palmers department store into a learning hub and university campus alongside the relocated Central Library Work should be completed in summer 2022 on an £18m operations and maintenance campus for the offshore renewables sector A £13.7m Future High Streets Fund will pay for the library move as well as a new heritage centre, more leisure venues and turn empty historic buildings into homes in the town centre The historic glass Winter Gardens has won a £10m lottery grant - part of a £16m restoration - and is due to reopen in 2026 as a heritage, arts and education venue The Market Place is undergoing a £4.6m revamp to help attract more shoppers A four-year £1.9m scheme to save the town centre's historic and at-risk buildings is also under way A new 'fire festival' this autumn has just been revealed in a bid to make the resort a year-round destination A London Eye-style wheel (pictured) is on a free summer loan, offering views for up to 10 miles Plans are under way to secure major festival slots next year for a film, titled Provisional Figures, shot in Great Yarmouth featuring Nuno Lopes
First time investor Leeds
lizr posted a topic in The MarketHi, i'm a first time BTL investor. I would really appreciate views on whether this is a good investment. 1 bed flat £150k in Saxton Lane, Leeds LS9. It's off plan development to be completed Q3 2022. Rental yield 6.5%. I'm interested to know if Leeds as a whole is worth while and particularly this area of LS9 which is a 17 min walk to the station. Plan is to keep the property for 5 to 10 years. I've heard growth in Leeds is expected to be 3.2% p.a is this correct?
New to BTL - Capital Growth focused - questions
michal-h posted a topic in Introduce yourselfHello fellow investors, I am new to BTL (but have done 6 months of very solid research and am ready to invest!). I am interested mainly in Capital Growth (with positive cashflow of course...). Interested in simple BTL as I do not have time for HMO or short lets. I am planning on investing (via Ltd) in Sheffield and/or Leeds area but am based in London. I am also personally buying property in Poland (for yield and also for tax reasons) Currently I work in London and my work brings me to Sheffield quite often and I know that city. In the future I want to build Capital Growth focused simple BTL portfolio of between 5 and 10 houses in the UK and 2-3 properties in Poland (I have a dual citizenship and know both markets well) I am strong with analysis, numbers, money raising and research. Happy to speak to anyone who is also looking at Sheffield / Leeds investment to exchange ideas or even work together. kind regards, Michal H.
Your help on next steps..
Btl2014 posted a topic in Strategy Specific AdviceHi, First time poster here but long time member.. Here’s my current situation I own 2 apartments in Manchester City centre – one I live in and the other on CTL. Property 1 – purchased for 137k now worth 160k. Property 2 purchased for 130k now worth 140k. LTV of both is around 80% I am 27 and see myself right now in capital growth phase and want to continue expanding portfolio and keep raising deposits. Until eventually (20 years time) have around 2k profit coming in every month. I see several options to expand portfolio: Q1 - which one would likely result in the best net position in 20 years time? I’ve tried modelling each scenario but still no clearer.. Of course lots of variables in between but i see this next step as one of the biggest decisions to get right as it will influence all the next years... · Refinance both properties in around 2-3 years time (to take into account property cycle) to 90% LTV – Use the released equity to buy a buy to let approx 250k purchase price. Advantage I see here is that I still get to keep residential mortgages that are being paid down with possible capital growth in future. Disadvantage is that I may then be too highly leveraged in next downturn. Q2 - Is this possible to refinance both residentials? · Sell one property in 2022 and purchase a buy to let approx. price of 200k. I wouldn’t want to sell both as I need to keep one residential to allow purchase of BTL’s. · Keep situation as is and keep paying down both mortgages – will be paid off in 20 years time and will own both outright. The income from buy to let will go straight into savings and go towards new deposits. If I can buy BMV on the next property then even better. Q3 – any strategies that I have missed ? Thanks for reading and your advice appreciated, Sam.