With a wide variety of fun, charming neighbourhoods sprinkled throughout, it’s hard not to fall in love with a city like Manchester. From Ancoats to Chorlton, the extensive variety of hip neighbourhoods almost make it impossible to choose where to invest! But don’t worry- we can help you with that.
After recently being voted the third best city in the world (and the best in the UK) by Time Out on account of creativity, friendliness, nightlife, and community, interest in property investments throughout Manchester has soared.
Its youthful, energetic energy has drawn in people from all around the world. Now is the time to get involved!
Join in on the Manchester City and Manchester United soccer rivalry, visit its offering of museums and exhibitions, or attend one of its festivals – Manchester never runs out of things to do!
In a city so rich in music, sports, culture and history, we don’t blame you for wanting to join in on the fun, and we would love to help you find the property that works best for you!
Investing in properties may seem daunting, especially when there are as many options as there are in Manchester. Having a property sourcing specialist means having someone who will research, analyse, and finalize property investment deals for you.
You should expect your property sourcing specialist to complete the majority of the work for you, and all you need to do is give the OK!
In Manchester, this means sifting through the many properties the city has to offer according to your preferences.
The biggest benefit of having a property sourcing specialist is saving on time.
It may be challenging for you to find the time to properly research and work through property investment deals.
A specialist will also be able to find good off-market properties and deals which may not have been visible to you.
They will perform all the tedious work of negotiating and finalizing the best deal for you, and make sure nothing is missing from the forms and paperwork.
Our property sourcing specialists contact our wide network of legal advisors, contractors, mortgage providers, letting agents, finance and bridging specialists, meaning you won’t have to worry about contacting everyone individually.
You will only need to worry about having one point of contact!
As a credible, market-leading property sourcing company, when you work with us you can be certain that you will not get scammed.
We will make sure to account for all your preferences when researching and presenting you with potential investment opportunities as well as promising to be with you 24/7, every step of the way.
Pearl Lemon looks into finding Below Market Value (BMV) commercial and residential properties. These properties are listed below their market value.
You may be thinking that there must be a catch, but the answer is no!
While these properties may require some work, this does not mean they are lackluster by any means. There are a variety of reasons including financial issues with the previous owner or property repossession which may cause the property value to be BMV.
Some of these properties may be 20% to 40% lower than their market value price, and if you plan on renting or reselling the property afterwards, you stand to make a big profit.
With our well-connected property sourcing specialists, we will surely find you the best deals and financing on any potential investment properties of your liking.
There are many reasons you may be interested in property sourcing.
Perhaps you’re planning on retiring early and want some extra cash to go towards your retirement fund or maybe you are simply looking for a source of extra income.
Regardless of your reasoning, property sourcing can be daunting and knowing which properties to invest in with your hard earned money can feel risky. However, with the appropriate tools and specialists, this process will be much easier than you think!
If you’re interested in purchasing an investment property but are unsure of what to do with it, don’t worry! You have many options to choose from.
You can renovate and sell, renovate and hold, rent out (let) a residential property for a source of passive income, lease out a commercial building to business owners, holiday or hotel lets, or rent to rent, which is when an investor rents out a property from a landlord and rents it to a tenant.
We can help in developing an investment strategy depending on your preferences and how much you are willing to spend.
This is entirely up to you and your personal financial situation! Investing in BMV properties will certainly reduce costs, which will allow you to invest at a faster pace and get that cash flow into your bank account quicker.
While property investments often bring in significantly more money than leaving your money in a bank account, this brings risks along with it as well. It is important you know about these risks before you decide to invest in any property!
There is a possibility that your property is vacant, possibly because you are in between tenants. This is important to keep in mind when deciding to buy a property and while you manage it.
You will also need to keep up with maintenance of a property, which is an additional cost to bear in mind. This will mean vetting potential tenants to ensure they will care for the property as well. It is important to maintain your property well in order to drive up interest in future potential renters.
Property prices tend to fluctuate. If you only plan on holding a property for a short period of time, this will likely be more important to consider than if you are planning on keeping the property for a long period of time.
We are just a phone call or a click away! Give us a call or visit our website and we can begin to discuss the best strategies for you.
There are many benefits to investing in BMV properties, especially through a property sourcing specialist.
You won’t have the burden of doing all the research, analysis, or negotiation and will have one point of contact throughout the entire process while continuing to have access to many leading professionals involved in the process.
You can have an extra source of income through your properties, and add value to the property if you decide to renovate it- which could be beneficial if you decide to sell the property some years down the road.
If you decide to rent the property out with a solid yield, the property may be able to pay itself within a few years!
This varies depending on what type of property you choose to invest in, where it is located, etc. There may be certain areas that are better investments for certain types of properties. In general, you can consider 5-8% to be a good yield.
To learn more about property sourcing with Pearl Lemon in Manchester or other cities in the UK, give us a call or visit our website! We would love to hear from you.
Don’t worry if you only have a few minutes to talk to us in the middle of the night; we’re available 24 hours a day, 7 days a week.
We’re here for you at all times, ready to answer any queries you may have.
So why not book a call with us today?