Buying to let a new build home in the North East
With a striking stretch of North Sea coastline, an array of national parks and beauty spots and a collection of vibrant towns and cities, the North East is a wonderful place to live. This is recognised by homebuyers, with the North East boasting a busy and diverse property market with homes to suit just about anyone.
Being as popular as it is, from charming Durham to the bright lights of Newcastle, the North East is also a rental hotspot. As such, if you’re looking to make an investment, a buy-to-let property could be the perfect way to go.
Buy-to-let in the North East
Buy-to-let is one of the best ways to invest in the property market. Whether you have a nationwide portfolio or you’re looking to begin your journey as a private landlord, buying a house to rent it out means you can collect an annual rental yield while the value of the property increases over time.
Perhaps you’re buying and selling buy-to-let North East properties at the optimum time or building a large portfolio for your retirement. Whatever it is, buying brand new is perfect for investing in this way. Very little maintenance should be required in these first few years, while Barratt homes are built in desirable areas where you’ll find a demand among tenants.
Our buy-to-let properties boast strong rental yields and excellent long-term prospects, while they’re also energy-efficient. The process of buying off-plan is simple, and made easier by the fact there’s no chain. Your purchase price is set prior to any rise in local prices during construction, with a holding fee all you usually need to secure your new property.
Where can I buy new build homes in the North East?
Lying on the edge of Northumberland National Park, the historic market town of Morpeth is a great place for buying to let. A popular area to live in, this Northumberland spot offers the best of all worlds, being a commutable distance from Newcastle as well as having the coast and open countryside nearby. Whether you want to buy a 2, 3, 4 or 5 bedroom home, you can do exactly that at our South Fields development just south of the town centre.
County Durham has recently been highlighted as one of the UK’s top buy-to-let hotspots, with sites such as our Merrington Park and Burdon Green developments perfect for investing. Hartlepool has also been noted for its strong return on investment, so don’t miss out on the 2, 3 and 4 bed homes you can find at our Elwick Gardens site.