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Estate agent opinion of why to invest in a short let property

This post is brought to you by James Cridland of Cridland & Co estate agents

The days of the standard assured short-hold tenant and the "quick buck" landlord are gone. But in their place are new types of both tenants and landlords who have moved with the times, with short lets being a significant growth market.

Recently we have seen the resurgence of both professional investors and privateers looking for an alternative pension plan based on property. The mix of capital growth and monthly income offers a monetary plan with few downsides. For these investors short lets are a far more lucrative return on their investment if the occupancy rate is high enough. Sources of tenants as diverse as business people, visiting academics, insurance companies in need of emergency housing, international conference attendees etc, offers a new type of tenancy market that is increasingly popular. For tenants, renting a separate dwelling is often infinitely more attractive than a hotel room, and mostly offers cheaper rates. 

A return of often 8-9% per annum for short lets as opposed to the more usual 4-5% is a realistic proposition. 1 or 2 bed flats and houses in attractive areas such as Oxford, Woodstock and the surrounding villages are especially well regarded, and companies such as Weekly Home are finding high occupancy rates to be the norm for the right properties. The right property, bought at the right price, well managed and well presented, can be a blue chip investment.

If you would like to discuss the possibility of purchasing a suitable property for the best short let returns please call James Cridland on 01869 343600 or 07780 705329

Location

Cridland & Co
Greenway, Caulcott, Oxfordshire, OX25 4NF