Choosing the right Nottingham Letting Agent

Should I purchase an investment property in Nottingham is a question we get asked all the time. With the city currently showing outstanding house price growth, and having two large universities, you can see the appeal...

The answer however isn’t that straightforward, and without a local lettings expert on your side, it’s something that you can easily get very wrong. Taking a punt on a property in a city you aren’t familiar with can be a purchase you live to regret for years to come. Remember, the estate agent that is selling the property works for the seller, not the buyer!

Considerations when you’re investing are numerous. Who do you want to rent to? students, professionals, house-sharers etc.... The location you purchase in will probably be dramatically different for each tenancy type.

Licensing - Nottingham is littered with licensing schemes and the local authority is less than landlord friendly. Before you invest, make sure you’re aware of the licensing scheme that the property falls into. If you see a house for sale in a student area that seems a complete bargain, there could well be a reason it is so cheap.

LICENSED Granger Oaks

 

 

 

 

Are you planning to self manage, or will you be employing a Nottingham Letting Agent to manage the property for you? On the face of it your yield will be higher if you manage things yourself, but you need to be local so you can deal with repairs and carry out inspections. Having a qualified Letting Agent manage the property for you should make property investment far more hassle free.

If you are new to the area, establishing a relationship with a reputable local Letting Agent may well be a higher priority than searching on Rightmove for a property to buy. Do your research, read their reviews, and visit their office. You need somebody on your side, so choose carefully. 

Granger & Oaks are ARLA licenced Letting Agents in Nottingham and we specialise in the management of professional property. Our Managing Director is also a director of EMPO, the local landlords association. We know the city.

Over the past 17 years, we have helped numerous landlords invest in Nottingham and we have also project managed a number of renovation projects with our team of tradesmen. We help clients focus their investment decision, and we then help them select a range of potential properties that fit their investment criteria. Often this means we are identifying homes that require improvement, so we assist with quotations to reduce the risk of nasty surprises along the way.

In these days of desperately low interest rates and turbulent stock market returns, investment property remains attractive, and the demand from tenants remains strong. Whilst being a landlord isn’t everybody’s cup of tea, having a good local Letting Agent on your side can take many of the bumps out of the road and can help you see a good return on your investment whilst at the same time providing a nice home for tenants to enjoy whilst they live in the city.

If you are contemplating purchasing an investment property in Nottingham, contact Granger & Oaks today to see how we can help...