Buying a New Build Home to Let in South Wales
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 home with stunning views in the Barry area, while Morgan’s Meadow is the place to be if you’re considering the Bridgend area.