Newport hits the “sweet spot” for house renting | Red Key Property Services
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New office opening shows that Newport hits the “sweet spot” for house renting

The public’s appetite for renting accommodation rather than buying continues to grow – as the opening of our new shop and offices in Newport has shown.

Early in October, we opened the doors of our new premises in Bridge Street – making us one of the few specialist letting agencies and property management companies locally with a high street presence.

Since then, we have seen a stream of people keen to find out their options on renting – as well as investors looking to become buy-to-let landlords.

While the day itself was hugely enjoyable – with children’s entertainment, free cakes and Newport Gwent Dragons front row player Owen Evans putting his considerable weight behind our family fun day – it has led on to the much more serious business of enabling more people to let and rent property locally.

The offer we have made to new landlords 50% off their set up fee has certainly helped boost footfall – as have our welcome packs for tenants when they move into their new home.

But it’s clear from the significantly increased business we have seen since we opened our doors in Bridge Street, that Newport really hits “the sweet spot” for both renting and letting property.

Unusually, at a time when not enough houses are being built nationally, locally we have a good selection of new apartments and family homes being built at affordable prices… added to which there are many people keen to live in Newport because of its convenient location between Cardiff and Bristol.

The competitive property prices mean that anyone with a relatively small deposit can become a buy-to-let landlord and get an excellent return on their investment.

For example, for someone with as little as £20,000 to invest, we can point them in the direction of a buy-to-let mortgage, identify a prospective property, ensure they pay the right price for it and then manage it for them. They will see a return of typically 6 per cent, quite possibly higher, which is easily above many other investments, as well as enjoy any future capital growth.

The big issue, of course, for anyone new to the business of being a buy-to-let landlord is how to make that investment secure and worry free… and that’s where having a specialist property management company to look after your interests.

Which is where we come in!

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