Guide to Select a Potential Overseas Property for Investment
Buying an investment property, especially an overseas one is never a simple process.
We’re talking about a 6 or 7 figure transaction after all.
There are many factors you need to consider, to make the best possible purchase for your investment objectives.
In this article, we’ve narrowed them down to 3 of the top considerations, using London property as the guideline. And why London? Because there’re a few highly investable properties in that hotspot at the moment (read the full article to discover our carefully curated shortlist).
So without further ado, here are the top 3 considerations when selecting your investment property:
1. Buy Only From Reputable Developers
Investing in overseas property usually comes with a certain degree of uncertainty.
You may not be familiar with the country’s culture, property laws, and market conditions.
But this should not stop you from capitalizing on profitable investments, especially since there are plenty of ways to bridge this knowledge gap.
One of them is to do extensive research on the developer of the project you’re eyeing.
Look out for their track record, partners in your region, years of experience, among other key factors.
A developer who ticks all the boxes is likely to successfully launch the project without major issues, giving you peace of mind after you make your investment.
For example, one of our partners: Galliard Homes, has been building award-winning properties across London for nearly 30 years. Their objective has been to build market-leading new homes in the next locations where people would want to buy, live and invest, at highly competitive prices. With 6,905 homes under construction, our reputation in seeking out the best London property investment opportunities for their loyal customer base is well established.
2. Close Distance To Transport Options
For investors, rental is often a safe and logical choice to generate passive income.
And most tenants are usually working professionals or students.
For these 2 groups, ease of transport is usually a must when choosing their temporary homes.
This means that as an investor, buying a property with easy access to transport options is in most cases, a sure-fire way to attract interested tenants.
With a host of tube stations in the area, and the upcoming cross rail line set to be completed, London provides a high level of connectivity not found in other locations.
Residents will get to enjoy convenient commutes to all parts of London, including Heathrow Airport.
This close proximity to multiple transport options makes London an ideal choice for investors looking to profit from the rental market.
3. Area Growth And Development
A property’s appreciation in value often depends on the area’s growth and development.
More amenities, greater accessibility, and an increase in lifestyle options will contribute to the property’s rise in value.
In the case of London, several areas are currently undergoing regeneration, such as Harrow & Wealdstone, Euston, Old Oak & Park Royal, West Hendon, and Heathrow.
This regeneration process is meant to spruce up living conditions, and transform those locations into hotspots for business, education, and tourism.
Not only will this regeneration increase the value of London properties, but it will also make them more attractive to potential tenants.
A Shortlist Of Highly Investable London Property
Now that you have a better idea of what to look out for when investing in overseas property, let’s take it one step further by revealing our carefully curated shortlist of London properties.
While it may seem counter-intuitive at first, doing proper research based on those 3 considerations explained above will greatly alleviate risk, and maximize profit potential.
Don’t worry about the research process though. Because we’ve done it for you already!
Here are London properties that will make solid additions to your portfolio:
Comprise of highly specified apartments within a mixed-use development fronting Tower Bridge Road. The overall development will offer residential, restaurants, commercial/retail, an independently operated gym, an aparthotel, and a new public realm. Under a 10-minute walk from London Bridge station for easy access across the capital, the development boasts excellent transport links and residents will be spoilt for choice for local amenities and facilities at their doorstep.
A dynamic new destination for luxurious canal-side living. Wickside will be a major regeneration landmark and residential showcase for East London incorporating over 75,000 sq. ft. of architectural innovation. The overall scheme is planned to comprise over 200 private apartments and a single house arranged around a series of courtyards and squares - with interconnecting streets, promenades, and a linear park defining an entire new canal-side community. The unique urban roofscape will incorporate a roof terrace garden to each apartment block including public rooftop space.
Two superb new residential buildings at Wimbledon Grounds - Stadia One and Stadia Three. A 51,000 sq. m. mixed-use regeneration masterplan located on Plough Lane that will see the creation of a brand new purpose-built stadium for AFC Wimbledon, encircled by a residential scheme that will comprise more than 600 homes, including shared ownership housing by Catalyst. The site will also be home to an all-new community, leisure, and retail space, and is set to transform the town center and surrounding area.
Galliard Homes is now offering Stamp Duty Holiday Extension for certain developments. Get in touch today to find out more. Limited time only. Terms & Conditions apply.