Before investing in buy-to-let in Swansea, it’s essential to consider what type of tenant you are looking to attract and where your budget will stretch to. Investing in the right location is key to making your investment work for you in the long term.
A Turn-Key Buy-to-Let in Llangyfelach
My Buy-to-Let Deal of the Month is a 2 bedroom terraced property in Llangyfelach. Click here to view the brochure.
Llangyfelach is a fantastic location if you’re looking to corner the professional tenant market. We know this area is very popular with professionals due to its proximity to major employers, such as Morriston Hospital and the DVLA. Access to the M4 only minutes’ away and has easy to access Llansamlet Enterprise Park and Swansea City Centre from here, too.
From previous experience, I know properties on the Y Waun Fach estate usually rent for between &550-&575pcm depending on the internal condition of the property, and the market conditions at the time of advertising. At the full asking price, this property would achieve a healthy yield of 6.5%.
Looking at the marketing photos, it doesn’t appear that much would need to be done to prepare the property for let, save our usual recommendations of a quick refresh of paintwork, a check-over for minor maintenance issues, and a professional clean. Not needing to be on-site to oversee extensive renovations makes it a great choice for investors both local and further afield.
If you’re looking for free advice on the best places to buy-to-let in Swansea for your investment needs, or if you’ve purchased a property and are interested in our management or let only services, give us a call on 01792 430100, or click here to email us.
Related: House Prices Below 2007 Peak, but Rents up 26% / What Makes a Good Property Investment in Swansea?