Navigating the Autumn Budget 2024: Insights for the North East Property Market
HMO Investment
Long-term investment solution
The North East is a highly lucrative and growing market for high-quality HMOs (Houses in Multiple Occupation). At Clarice Carr & Co, we manage every aspect of your HMO investment to provide a realistic picture of potential returns and ensure a seamless process from sourcing to completion and ongoing management.
HMOs offer strong rental income and yield potential, often outperforming traditional buy-to-let properties. For instance, a three-bedroom buy-to-let property generating £12,600 in annual rent can achieve significantly higher returns when converted into a five-bedroom HMO, generating £34,800 in annual rent.
With demand for affordable, high-quality shared living spaces on the rise, particularly among young professionals and students, the HMO market presents a compelling investment opportunity. Our expertise and experience can help you navigate this market and maximise your investment returns.
HMO Investment
Don't dream it, do it.
Professional Property Sourcing
Refurbishment and Improvements
Furnishing
Property Management Partners
Professional Property Sourcing
We'll help you find the serviced accommodation property.
Taking into account your budget, preferred location, and long-term goals, our team will identify the perfect HMO property for you. We concentrate on the North East region due to its unique blend of affordable homes, historically stable prices, and a high demand for rental properties.
Crucially, we excel at sourcing properties with significant potential for value addition and profit generation in the HMO sector.
Refurbishment & Improvements
Getting your HMO investment property ready for rental.
Our network of trusted and reliable tradespeople ensures your property is prepared for rental efficiently and to a high standard. We oversee the entire process from planning to completion, agreeing on all costs with you and providing regular updates on progress.
We've developed a straightforward style and colour palette for our rental properties to simplify interior design, although you are welcome to specify your own preferences if desired. Our team holds all relevant qualifications and certifications, ensuring a professional and high-quality service.
Furnishing
Quality and style come as standard.
Our extensive knowledge of the HMO sector allows us to furnish properties to maximise your return on investment. We use our established contacts to outfit properties with everything from furniture and soft furnishings to accessories, ensuring every detail is covered. We prioritise quality and livable luxury, making each property attractive to tenants and capable of generating maximum returns. Our expertise ensures that every aspect of furnishing is handled with professionalism, creating a welcoming and stylish environment.
HMO Management
Managing your HMO investment.
At Clarice Carr & Co, we manage all aspects of your HMO property to provide a seamless and profitable experience. Our comprehensive services include professional listing and marketing, tenant communication and management, deposit protection service, payment collection, 24/7 callout service, regular property inspections, planned and unscheduled maintenance, annual boiler service and gas safety checks, and handling all tenant-related queries and issues. Our expert management ensures your property is maintained to the highest standards.
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What makes Newcastle and the North East a good location for buy-to-let investment?Newcastle and the North East offer stable house prices, good rental yields, and a steady demand for rental properties. The region’s property market provides opportunities to invest in affordable homes with the potential for value addition through refurbishment.
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How can Clarice Carr & Company help with buy-to-let investment in Newcastle?We specialise in professional property sourcing, refurbishment, portfolio building, and property management in Newcastle and the North East. Our team helps investors find, renovate, and manage buy-to-let properties to maximise returns.
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What is the process of purchasing a buy-to-let property in the North East?Our process involves identifying suitable properties, assessing their potential for refurbishment, handling the purchase, overseeing improvement works, and then managing the property to ensure consistent rental income.
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What are the benefits of refurbishing a buy-to-let property in Newcastle?Refurbishing a buy-to-let property can significantly increase its value. In Newcastle, improvement works typically cost less than 50% of the added value, providing an opportunity for an immediate paper profit and higher rental yields.
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What rental yields can I expect from buy-to-let properties in Newcastle?The rental yields in Newcastle and the North East are generally competitive, with the potential for consistent income due to stable property prices and strong demand for rental properties.
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What is the potential for capital growth in the North East property market?While the North East is known for its stable prices, there is still potential for capital growth, particularly in up-and-coming areas or through the refurbishment of older properties. Investors can benefit from both rental income and appreciation in property value over time.
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What makes buy-to-let properties in the North East a good investment?Buy-to-let properties in the North East offer a lower entry cost, making it easier for investors to get started. Additionally, the region has a high demand for rental properties, ensuring a steady income stream for landlords.
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How does the property market in Newcastle compare to other UK regions?The property market in Newcastle tends to be more stable, with less volatility than in other UK regions. This stability provides certainty for investors, making it easier to plan for long-term investment strategies.
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What types of properties are best suited for buy-to-let investment in the North East?Properties that require refurbishment or are located in high-demand rental areas are particularly well-suited for buy-to-let investment in the North East. These types of properties offer the potential for value addition and strong rental income.
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How does the rental market in Newcastle support long-term investment success?The rental market in Newcastle is buoyed by a large student population, young professionals, and families looking for quality rental homes. This consistent demand supports long-term investment success by ensuring properties are rented out quickly and at competitive rates.