Location, Location, Location in the new normal…

Location, Location, Location in the new normal…

24 March 2021

That old chestnut again?

We’ve heard it a million times in the property game since property tycoon Harold Samuel famously coined the phrase in the 1940s.

And since then, we’ve had Kirsty and Phil in on the act, as well as every budding property expert since waxing lyrical. But if you’re a potential landlord looking to make the game pay, be sure to take note of our top tips for finding the right property, in the ‘new normal’.

  1. The Key to your heart

Key workers are the new rock stars. We’ve clapped for the NHS and, finally, key workers are getting the recognition they deserve.

But there’s a business opportunity available too – with job uncertainty in the private sector, and the likelihood of further investment in healthcare and the public sector from the government, factoring in a location close to an NHS or public sector facility, may unlock potential for landlords. A reliable income, that is likely to be unlikely to unaffected by economics, could prove a shrewd move…

  1. “This broadband sucks”

First-world problem right? Well, actually yes. With the increasing move to home-working and our increasing reliance on digital, from everything from doing the food shop, to getting your prescription from the doctors, good broadband speed is a necessity. As one of the top searches on Rightmove for home-movers, do your research and ensure your internet speed cuts the mustard.

  1. A changing dynamic for the workplace

Likewise, properties with the capacity for working from home are sought after at present. Bigger properties are proving to be a hit, so that extra bedroom can be converted into an office/study.

  1. Green and pleasant land

And with social and outdoor activities having been curtailed, properties with access to the great outdoors for going for a walk, run or a family outing to walk the dog have become even more popular. We’re seeing a new-found love for the environment around us…

  1. Looking long term

You will read accounts about the increasing popularity of working from home and that property close to a train station or motorway is not as important as it once was, due to the decline in commuting. However, a long-term approach may well pay dividends. We’re social beings, and so yes at present the demands for home-working are important, but good transport links will likely still play a part. Ensure your potential property for letting hits the brief.

Once you’ve identified a suitable location, be sure to arrange a preview with a lettings expert. For free, impartial advice about becoming a landlord for the first time, get in touch with our lettings team, who will be happy to share unbiased and professional expertise and knowledge with you.