Research by Direct Line for Business claims that from April, people approaching retirement and pensioners will be able to access as much or as little as they want from their pension pots. The research shows that 43% of people in that category would consider buy to let on the basis that it produces regular income while another 23% are attracted by the perceived security of the investment. Some 17% say they are attracted by the expected capital appreciation while 9% favour it because they would like to invest in something that will allow them to leave an inheritance to their children.
So is this something to consider if you live in Teddington? Well, simply, yes! With tenant demand continuing to outstrip housing supply buy to let is becoming an increasingly attractive option for people. Rents have been, and remain, consistently way above national average in Teddington and with the appeal of high living standards, excellent schools and good transport links to London, the demand to live in the area shows no signs of diminishing.
If your pension pot can afford to buy or part-buy you, a one bed flat in Teddington for around £350k then you could expect that to generate you in the region of £1100 - £1300pcm depending on location and spec. How many low-risk investments produce that kind of return whilst benefiting from capital appreciation. And of-course you can pass it on to your children in your will so that they benefit long after you're gone! Seems like a no-brainer to me!
If you're nervous though and not sure what to buy or where then please do get in touch with me. This is what I do day in day out and so I'd be more than happy to share my experience and offer you some advice.
Now, here's my picture of the day. Not sure why but made me laugh! :o)
Rebecca Smith
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