Short-Lease Properties: An Attractive Investment Option in the UK

While searching for discounted properties, you come across various sourcing strategies. From cash deals and deal breakdown to repossessions and short lease, many such methods are chosen by seasoned investors for the best deals. 

In this article, we are going to talk about one such strategy: short lease.

The properties that have a relatively small number of years remaining on the lease come under the category of short-term lease property. An everyday buyer—someone who’s looking for a property to stay in it for a long duration—won’t select it.

All types of flats, ranging from converted houses, purpose-built blocks, or those above shops are often sold on leaseholds. The ownership is purchased for a specific duration, usually 99 or 125 years. Many new developments are available with leaseholds of up to 99 years.

As the lease inches towards expiry, the investment institutions like banks and private lenders don’t offer loans easily. This decreases the number of buyers. The prices fall sharply, thereby making it an attractive option for investors.

After buying such a property, you can extend the lease at a nominal cost and elevate its value. Of course, you need to learn the procedure of extending the lease. Perhaps you might also be wondering: How to find short lease property for sale?

Not every real estate agent out there has access to the database of short lease properties. It also gets difficult to compare its price with average market value.

This is where Property Deals Insight offers a solution in the form of Deal Finder.

Deal Finder lets you discover short lease property for sale in the area of your choice. Run an instant valuation on a public property that catches your attention. You will come to know its potential rental yield on an annual basis, along with all necessary information required before purchasing a property.

It obtains data from credible sources like:

• HM Land Registry
• Zoopla
• Office for National Statistics
• OnTheMarket
• Google Map Listings

This data is used to derive useful insights using its proprietary automated tools.

Get the details from here: https://www.propertydealsinsight.com/

About This Author

Property Deals Insight Joined: September 21st, 2020