Buying to let in Liverpool

silvercar

ReadySteadyPop said:

silvercar said:

Be careful of the amount of supply vs demand. Admittedly I looked at Manchester not Liverpool, but I was surprised by the amount of property available to let vs demand.

Also, consider average salaries in Liverpool vs the south east. People on decent money will buy, because house prices are such that they can afford a house of the size they need on their income. People who aren't on decent money will struggle to afford high rents. For this reason I suspect that cheaper properties will do better in the area, but the downside is the maintenance that is required on cheaper properties and the fixed costs eg a gas safety certificate are the same whatever the property, so these become a higher percentage of your rental income.

Really? Supply has been building for some time and it is much harder for landlords to exit the market than people thought because obviously it is much harder to let a property now.

That the point I was making, more rentals available than demand for rentals.

RedFraggle

One other point to check....it was the case that empty properties pay double council tax in Liverpool so any gaps between rentals there would attract a double payment. 

ReadySteadyPop

RedFraggle said:

One other point to check....it was the case that empty properties pay double council tax in Liverpool so any gaps between rentals there would attract a double payment. 

Has to be empty a year though?