Buy-to-let in Brighton & Hove | Why it’s a good investment

The upcoming decade is set to see huge growth to the private rental sector. With the ever-growing population and house prices escalating it is estimated 1 in 4 people will be living in the private rented sector within 5 years. This means buy-to-let is an incredibly attractive investment opportunity, and this blog looks at how to choose your investment property, the current Brighton rental market and how to get started.

Buy-to let is an excellent option for financial security.

Residential investment property remains one of the most stable asset classes. It offers you, the investor, a gross yield exceeding the returns of standard savings or bond accounts with the added value of potential capital appreciation. With the aid of a regulated letting agent, they can ensure consistent income over a long period of time and adhere to legislation on your behalf, allowing you complete peace of mind.

Demands for rental properties continue to rise and the marketplace is seeing much higher numbers of professionals and families unable to buy and searching for high quality rental properties to make their homes. Provided you choose your property wisely – your investment is secure.

Brighton’s rental market is more popular than ever

When deciding where to purchase your buy-to-let property its essential to choose somewhere popular, with ample professional tenants and with a growing market you can rely on. Brighton & Hove is ideally located between the South Downs and the Sea making it extremely popular with just about every demographic. With excellent transport links to London Brighton is seeing more and more commuters on London salaries but preferring to live by the sea. Whilst typically considered a city of young creatives, Brighton has also been identified as one of the top UK cities for business. Its economy continues to grow and is estimated at £7 billion.

Its status as a dynamic, liberal town attracts many people. Tourists cover the beach throughout summer and flock to annual events such as the Brighton LGBTQ Pride. This popularity also means a high proportion of long-standing tenants. Young professionals and families come to Brighton and end up staying in rental accommodation for extended periods of time. Long-term tenants often treat rental properties as their home and look after it well – ensuring your investment is safe.

Recent statistics also show Brighton and Hove to have the fastest rising rents in the country. Rising rents and rising house prices will maximise yield on your investment – and if you eventually look to sell your buy-to-let investment, Brighton has shown excellent Capital Appreciation over the last 10 years.

The type of tenant you want dictates the location and type of your investment.

There are many things to consider when acquiring a buy-to-let property. A good tip is to think about your ideal tenant, whether it be an individual, a commuter, a couple, family or sharers. This will affect the type of property required, the age, the finish, the furnishing level and the specific area of Brighton that will be popular.

How we can help you…

To ensure your investment is secure – consult a local professional for some free advice. Parks are local letting specialists with over 25 years experience and our directors can offer a wealth of advice on what tenants want, popular areas and how to maximise your rental yield.

Don’t hesitate to call Parks today for no obligation advice on the buy-to-let market in Brighton 01273 202089.

By Parks Letting | 24 January 2020

As new landlords last year, my husband and I were recommended to Parks through the sole estate agent we use. We have had nothing but a positive experience in that time. Antony the Letting Director has always been on hand to investigate, inform and advise. He has happily come along to view properties we were interested in and pass opinion accordingly. None of our requests have been dismissed and nothing has been too much trouble. Communication is efficient and legal and procedural knowledge and policy has been tip-top. The lettings management team has always been quick to respond and as a result, our tenants seem happy too, which is also important.

Mrs Constantinou, Landlord, 2018

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