Leeds is well known as a BTL Investor hotspot. A recent report by Totally Money stated that Leeds was the UK's highest yielding area with average gross yields of between 8% and 10%.
Many Investors who originate from the South and South East of England are investing in property in Leeds to gain maximum rental yields that are almost impossible to be found in the South of England.
Our Property Sourcing service is designed to help you make the most of your investment strategy and take the hassle out of finding your next property. Whether you're from out of town, just starting out, or a busy property professional who needs hands-on support, we can help. We'll do the legwork, putting our network and knowledge to work to find the property that is right for you.
As an Investor, you may be looking to invest in residential property in Leeds, but do not live in Leeds. Without an up-to-date understanding of the local market it can be hard to know which areas to invest in, what size of property, and what standards you must provide to maximise your rental returns. We can be your eyes and ears on the ground and provide you with all the insight and local knowledge you need.
You may be starting out as a Landlord / Investor and need some guidance, or perhaps you are an experienced Investor, but too busy to property source for yourself. Either way, our local expertise can help you build a quality residential investment portfolio in Leeds.
We can source a range of properties depending on the investment strategy. If you are seeking a straightforward ready-made investment with minimum fuss, we can find opportunities that are pre-packaged and pre-let. Alternatively, we can source empty properties, or ones in need of refurbishment. Whatever your situation, Let Leeds is on hand to provide a full 360 degree service from initial sourcing and sales, through to lettings and management and all the way through to HMO licencing and project managing of a refurbishment.
An 'On-Market' opportunity would be a property we have sourced that matches your investment criteria, and typically, the property is advertised on the open market, and listed on portals such as Rightmove.
Let Leeds will be your local property expert, conducting viewings on your behalf with local agents across the whole of the market to identify properties which meet your investment criteria.
An 'Off-Market' market property deal relies on our network of current Landlords, Investors, developers and local agents. We can source a range of properties depending on the investment strategy, be it a professional rental, a HMO or student let. Some investment opportunities may be pre-let creating minimum fuss for you as an Investor.
Some opportunities, whether 'On' or 'Off' Market, may take further consideration, and there may be more risk attached. Careful consideration must be given to seasonal letting periods, Article 4, and cost of refurbishment. Let Leeds will always provide honest advice as well as expert lettings advice.
Once we fully understand your property purchase criteria, our property sourcing service generally covers:
On instruction we will ask you to sign a Property Sourcing Agreement, as well as providing personal details and ID for Anti-Money Laundering purposes as well as proof of funds and proof of mortgage in principle, if applicable.
Our charge will be £2,500 inc VAT, on each property we source for you. Our invoice is provided to your solicitors dealing with the sale to settle the invoice on completion. £1,500 is payable upfront on instruction of the Property Sourcing Service. The final £1,000 is then invoiced to your solicitor to be paid upon completion.
We offer 6 months free management at the beginning of the management contract once we take over management of the investment property. Our ongoing charges for letting and managing your property range from 10% to 15% depending on your service requirements.
If you would like us to provide a property sourcing service for you, please call our Sales and Student Team on 0113 322 9324 and ask for Annabel or Neil.
Download more information about our Property Sourcing service below.
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