Guaranteed Rent Scheme | Elan Homes target rental investors with scheme in Wales
We will regularly inspect your property, to ensure it is well-maintained and that everything is as it should be, ready for when you do get a tenant again. We will also continue to advertise your property, to show it to prospective tenants and to keep you informed every step of the way. And you can relax knowing that all the while this property is empty, you are still guaranteed rent payments and are still receiving a monthly guaranteed rental income.
Having already proved popular with owner-occupiers, a new residential scheme near Bridgend in south Wales looks set to attract a host of investors seeking an attractive rental return, according to the housebuilder behind the project, Elan Homes.
According to figures just been released by the developer, landlords can expect to achieve rental yields of in excess of 6% at Cae Ffynnon, which trumps poor saving rates being offered by the banks.Guaranteed Rent Scheme
With a selection of local shops on its doorstep, the development is expected to be a draw with potential tenants; an attractive proposition for landlords looking to avoid lengthy void periods.
Andrea Nippe, sales director for Elan Homes in the South, says: “Figures we have just finalised have revealed a very healthy rental yield for potential investors at Cae Ffynnon.Guaranteed Rent Scheme
“Because the development has already proved very popular with home-buyers due to its tranquil location, it is bound to be easy for landlords to attract tenants and we expect that because it is a sought after area, it will command a good rental income. Agents are saying it would be £575-£595 for a three bedroomed home.”
The final trio of homes at Cae Ffynnon are all three-bedroom semi-detached houses, priced at £138,995. Both properties are fully carpeted and stamp duty exempt.
Despite the sluggish nature of the UK economy, research shows that more [people are turning to property as a means of supplementing their income, while many existing landlords are actively looking to add their property portfolios.
Of the single property portfolio landlords surveyed in the latest study from BM Solutions/BDRC Continental, 80% viewed their property as a supplementary income to their pension, with six out of 10 of these landlords actively planning to live off the rental income.
Phil Rickards, head of sales at BM Solutions, said: “It is clearly evident that Britain’s love affair with bricks and mortar remains strong with many landlords looking at property investment as a supplement to their pension in retirement.
“Whilst landlords remain confident in the long term viability of the rental market; with the economic uncertainty in the UK and Europe, landlords are being more cautious and selective in expanding their portfolios.”
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