Buying to let helping fund retirement

In the last six years many people have become long-term renters rather than owning their own homes. As a result strong demand from tenants has seen rents increase and this is expected to continue.

According to Land Registry the average selling price for a property in Essex in 1995 was £66,497. By 2011 it had nearly trebled to £188,114 - an uplift of more than 182%!

Not only can Landlords benefit from a regular source of income via the rent paid by their tenants but when the property is eventually sold they could also enjoy lucrative Capital Growth returns.

As our population continues to increase there will be an inevitable drain on state resources. Many will be faced with no alternative but to continue working into their late 60’s and early 70’s.

The regular income generated from buy to lets combined with the potential for Capital Growth will undoubtedly provide Landlords with greater choice of when to retire and how they fund their lifestyles in later years.

An example of the possible returns on offer:

Colchester

One bedroom apartment located close to the University and Hythe Railway Station. Gas central heating and double glazed. Excellent annual returns above 7%.

Asking price: £75,000

Projected annual rent: £5,940

Anticipated gross yield: 7.9%

Beresfords provide free advice to anyone thinking of buying to let and will explain the entire process from start to finish. For more information or to arrange a free, no obligation consultation email:
investment-team@beresfordsgroup.co.uk