UK Property: Top Tips For Earning High Profits
Are you looking to earn high profits with UK property investment?
The UK property market has been one of the most lucrative markets in recent years. It is widely regarded as one of the lower-risk places to invest your money – for a good reason too. UK property has gone from strength to strength over the last few years, and many across the world are starting to look towards this booming investment market.
According to Savills, property prices in the UK are set to see an increase of 21.6% in the next four years, whilst rental growth is set to soar at an even faster rate, 18.1% in the same time period.
Investing in UK property offers a stable and lucrative way to diversify your portfolio in 2024, and we are here to provide you with some key insights to help you maximise your profits.
Consider Location
The first thing you should consider when choosing a high-yield investment in the UK is the location of your investment property. As an investor, London is likely a key location you are considering in the UK market. While it is true that the capital is in high demand, the potential for high yields is surprisingly low. Rental yields in London are amongst the lowest in the UK, averaging between 2-5%.
On the other hand, cities such as Manchester are becoming powerhouses of property investment, with growing demand accounting for higher yields of 5-8%. An added benefit of investing in a location such as Manchester is the lower property prices.
A great example of this is our Bridgewater Wharf development in Manchester. This property is currently selling for £140,000 per unit, with A 5.5% assured NET return for 2 years.
Explore Alternative Investments
Residential property remains a lucrative investment option in the UK. However, some alternative property classes offer higher NET returns.
- Holiday let – A holiday let property in the UK can earn investors up to and beyond 10% NET yield
- Student Accommodation – Due to high student demand from both UK and overseas students, you can earn up to 10% NET assured returns for 3 years with developments such as Vision
- Assisted Living – Invest in the well-being of vulnerable adults with assisted living properties and earn up to 10% NET yields for 25 years
Harworth House is an assisted living property consisting of 96 luxury apartments in Doncaster. You don’t have to manage the property with it being completely hands-off and fully managed. These properties provide accommodation for those who need extra support in their daily lives. You can earn 10% NET returns for 25 years, with a minimum return of £499,000.
Ready to invest in UK property?
Our senior property team is highly skilled at helping you find the right investment property for you. Get in touch with us today for a quick chat and embark on your investment journey with us!