Making sure your property will have a tenant through the full term of your investment is critical to get the returns we want to see.
At Baron & Cabot we spend a lot of time working on data to ensure we know that there is a high demand in the area, this is why 99% of all our property sold is fully tenanted.
So how do we do this?
We have an advanced data analytics team, but the beauty of UK property is that there is data for everything. If you want to check up on an area of the UK you need to get the postcode and go over to the government website – I have included the link below this video.
Here we want to see ‘long term vacancy rates’ report. If a property is vacant in the UK you can get some discounts on council tax. When this happens the government will make a note of this property is vacant and we get copies of this each month.
By simply pulling a report of how many properties are in that area we can get a good idea of the % vacant at the moment.
The UK has always been a favourite for investors as there is a huge undersupply of property due to not being allowed to build on green belt land, and it takes a long time to get planning permission to build.
This means that many areas we target for investment have 1% or below vacancy rates. This would mean you will rent your property out for 99 months before seeing a month vacant.
Link to check Long Term Vacancy: https://www.gov.uk/government/statistical-data-sets/live-tables-on-dwelling-stock-including-vacants