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Hello Welsh friends, Whilst looking at some very expensive terraces in Reading a few weeks ago, the estate agent finally confessed to me that he wouldn't actually buy these himself but instead he was investing in south wales - HMO's mainly. I then had a second property proffessional mention south wales as one to watch. Im looking at properties in Swansea and the surrounding towns - does anyone have any thoughts on this area as an area to invest in? Many thanks Lisa
Soon to start in Swansea
Geraint Morgan posted a topic in Introduce yourselfHi all, Soon to become a first time buyer (I know that can be a hot topic in itself among seasoned investors), will also be looking to start up a portfolio about the same time. My brother is a damn good plasterer and that has led to both of us having a good basic knowledge of everything needed to take on a project mostly to ourselves. We began with the idea that refurbishing Buy-to-Sell properties would be an ideal side venture. After plugging in to many an episode of the property podcast at work I've managed to bring my brother round to the idea of recycling our deposit and building up a portfolio of Buy-to-Lets instead. We're pretty confident with the donkey work but are hoping to be very hands off when it comes to letting management, if anyone has some recommendations for the Swansea area regarding Letting Agents, Mortgage Brokers, Conveyancing then let me know! Love the Podcast, it's given me so much ammunition to go into this with one hell of a confidence boost and a re-assurance that I can rely on R&R for the information I need to make this a success! Cheers R&R! Giz
Hi All, I made a comment on the BMV FB page and as a result have been offered two properties to buy in swansea. I have heard independently through an Estate Agent that he invests in south wales so thought this might be an area to investigate further. The properties are coming to me directly from a builder who is flipping them and wants to cash out quickly so he can proceed to his next project. He has offered both at 10% BMV ad suggests that the rental yield will be about 7%. But properties are a 6 hour round trip for me to view so what can I do online right now to see if this deal stacks up before I get in the car and do a major expedition? (Ultimately I am happy to buy out of my area so long term Im not worried about the distance.) Assuming I do the standard Rightmove/zoopla checks on local schools, proximity to transport links etc. Assuming I call letting agents in the area to suss out demand and actual rental prices? Any tips on how to word this question?! How can research an area has development potential and future prospects? Land registery research on the area to see any house price movement over long term? Finally I guess a Hometrack valuation Are there any other desktop searches you more experienced friends would recommend? I am new to this and very cautious. Oh and of course I need to be quick ! Many thanks Lisa