Is Horninglow the place to purchase a buy to let?

You may recall my article a few weeks ago regarding the Burton census. One of the final chunks of census data has recently been released by the Government, and for those of you that like to look at such things, it is a treasure trove of information. Information is so important when making decisions on what (or not) to buy when investing in property.

Also in previous articles I discussed Horninglow, but today, I want to look at Horninglow in much greater detail. The census data allows anyone to look at the data for areas and   housing estates, but even better down to individual roads. Such information allows us to weigh up potential hotspots in the rental market and show potential landlords where there could be an opportunity.
Therefore, I looked at Horninglow as whole. There are just over 8,600 people living in 3,673 properties in the suburb.
Only 73% of the property is terraced or semi detached compared to the Burton average of 56%. However, it is the home ownership percentages that really get me interested, as it is this information, tied in with our intimate knowledge of the market, where we can match tenant demand to an under supply of rental properties.
In Horninglow, of those 3,673 households, 29.7% own their property without a mortgage and an additional 32.1% households own their property with a mortgage. Only 15.1% (or be exact 539  households) are in the private   rented sector in Horninglow (compared with the Burton average of 15.4%).          
With such excellent demand from tenants for Horninglow, but a below average percentage of available rental properties, this could be the right area to purchase your next buy to let investment.
Therefore, if you are considering buying a property for investment in the near future, I am always happy to give you my considered opinion on which property to buy (or not as the case may be) to give you what you want from your investment.

If you are a landlord, new or existing, feel free to pop through the door of our offices on the High Street, call me on 07973 666229 or send me an email to davidm@professionalproperties.co.uk.

If you would like to arrange a FREE RENTAL VALUATION then click HERE.
If you would like to see our selection of Investment Properties for Sale, then click HERE