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first time buyer - analysis paralysis (Manchester/liverpool)


y_w

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Hi All 

My name is Jonathan and i'm a first time buyer. 
Although i've been living in London for almost 9 years, london i thought that it was about time that i'll set out some plans to get a property for investment up north. 

it seems that i'm getting a bit of the 'analysis paralysis" syndrome as the more i read the less im sure about an area. 

for example, opening zoopla / rightmove on both rental to check the supply, quality and prices against the asking prices in Manchester for example it's hard not to notice that in many areas such as M14 there are an incredible amounts of properties that are available where probably most of them are empty for a while (or is this just my assumption ? ) 

On the other hand in the new development sector it seems that a lot of those developers have really tight rules regarding their own lenders, the amount of the down payments high overhead expenses and much more ....which seems a bit limiting  

what are you experiences in regards to a first time investment properties (location, prices, suggestions etc..) 

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Hi Jonathan,

Ive just joined myself and saw your message and as you mentioned M14 thought that I would let you know my experience of the area.

I bought my first house on Horton road in 1993  and since I have bought a number of properties in the surrounding roads. Having a mix of student lets and professional lets. I have only ever bought in this area as its much easier to manage repairs, lettings etc and I have confidence in the area because I know it. I would like to add that I was until last year a lettings agent in and around the area for 15 years 

If you have any questions about buying in and around the m14 area please feel free to get in touch.

Regards

Rufus

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