Navigating the Autumn Budget 2024: Insights for the North East Property Market
Serviced Accommodation
Long-term investment solution
The North East is a highly lucrative and growing market for high-quality serviced accommodation. We partner with a leading provider of serviced accommodation to appraise each property, providing a realistic picture of potential returns and ensuring a seamless process from sourcing to completion and ongoing management.
Serviced accommodation offers strong rental income and yield potential, often outperforming traditional long-term lets. For instance, a property let on a long-term rental at £750 PCM could potentially achieve £750 per week on a short-term let. The sector is growing rapidly as more people recognise the benefits of staying in serviced accommodation, which typically offer more space and amenities than hotels or B&Bs.
With new technology making it easier to find and manage serviced accommodation lettings, and advantageous tenancy laws for landlords, the serviced accommodation market presents a compelling investment opportunity. Our expertise and experience can help you navigate this market and maximise your investment returns.
Serviced Accommodation
Don't dream it, do it.
Property Sourcing
Project Management
Furnishing
Property Management Partners
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 ideal serviced accommodation property for you. We concentrate on the North East region due to its unique blend of affordable homes, historically stable prices, and an abundance of properties ripe for conversion into serviced accommodations.
Crucially, we excel at sourcing properties with significant potential for value addition and profit generation in the serviced accommodation sector.
Refurbishment & Improvements
Getting your property ready for rental.
We have an established network of trusted and reliable tradespeople to help get your property ready for rental.
We will manage the full process from planning to completion, agreeing all costs with you and providing regular updates on progress.
We have developed a simple style and colour palette for our rental properties, so you don't need to worry about interior design, although you can of course specify all aspects of the work if you prefer.
Our team are fully qualified, with all relevant qualifications and certifications.
Project Management
Getting your property ready for serviced accommodation.
We have an established network of trusted and reliable tradespeople to prepare your property for serviced accommodation.
We manage the entire process from planning to completion, agreeing on all costs with you and providing regular progress updates.
Our simple style and colour palette are designed for rental properties, so you don't need to worry about interior design. However, you can specify all aspects of the work if you prefer.
Our team is fully qualified, holding all relevant qualifications and certifications, ensuring a professional and high-quality service.
Furnishing
Quality and style come as standard.
We have extensive knowledge of the serviced accommodation sector and know what works best to maximise your ROI. Our established contacts allow us to furnish properties down to the finest details, including furniture, soft furnishings and accessories, right down to the tin opener.
We believe in quality and livable luxury, ensuring each property is equipped to impress guests and generate maximum returns. Our expertise ensures every aspect of furnishing is handled professionally, creating a welcoming and stylish environment for your guests.
Property Management Partners
Partnering with Experts in Serviced Accommodation
Once the work is complete, our trusted serviced accommodation partner will take on your property and manage all aspects moving forward. Their comprehensive service includes:
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Professional listing and marketing
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Guest communication and booking management
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Deposit protection service
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Payment collection
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24/7 callout service
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Regular property inspections
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Planned and unscheduled maintenance
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Annual boiler service and gas safety checks
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Handling all guest-related queries and issues
Our partnership ensures your property is expertly managed to provide a seamless and profitable experience.
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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.