A beautiful part of the UK known for its community, countryside and convenience, South Wales is a wonderful place to live. Unsurprisingly, that also means it’s a great place to invest in property. The vast open landscapes, handsome coastline, historic villages and bustling towns and cities are attractive to both homebuyers and renters, meaning there’s a vibrant local market.
Buy-to-let is very popular in the region, especially when it comes to new build homes in South Wales. This is because house prices are strong yet accessible, offering excellent short and long-term prospects.
Buy-to-let in South Wales
Whether you’re looking at the Cardiff
area, Pembrokeshire’s county town, Haverfordwest, or spots in the Brecon
Beacons such as Llandeilo, buy-to-let is a
brilliant way to invest in property. It allows you to collect an annual rental
yield while seeing the value of your property increase year on year.
Irrespective of whether you’re
thinking about buying your first home to let or adding to a comprehensive
property portfolio, buy-to-let is popular for a variety of reasons. It can be a
great way to buy and sell property at a prolific rate, as you benefit from
fluctuations in local and national markets. It’s also ideal as way to plan for
both your own and your family’s future, with property among the most sensible
investments you can make.
In the short term, you can expect
little to no maintenance costs in the first few years of owning a new build.
You can also be sure of buying a property in a desirable area when you purchase
a Barratt home in South Wales. We only build developments in areas where
there’s demand, helping you maximise your profits in both the short and long
term.
The process of buying a new build off-plan couldn’t be simpler. Usually, all you have to commit financially is a holding fee while your new property is built. You need to obtain a mortgage in principle and convert that to a mortgage offer as with any other house purchase, with specific buy-to-let mortgages available through a variety of lenders. You’ll eventually pay a full deposit upon exchange and completion, which is another step made simpler by the fact there’s no chain with new builds.
Where can I buy new build homes in South Wales?
One of the key advantages when you
consider new build homes in South Wales is that your purchase price is locked
in when you pay your holding fee. This means you won’t have to pay a higher
price if local property values increase while your new home’s built, including
in areas such as Pembroke and Pontardawe.
If you’re searching for the best new
build houses South Wales has to offer, don’t miss developments such as our Maes Y Deri site in St Fagans, just
on the outskirts of Cardiff. Harbourside @
The Quays is perfect if you’re after a 1, 2, 3 or 4 bedroom new build houses with
stunning views in the Barry area, while Morgan’s Meadow is the place to be if
you’re considering the Bridgend area.
From Chapel Fields in Loughor not far from Swansea, to Hanbury Locks in Cwmbran, get in touch with us today to start the exciting process of buying your new home with us.