Want to start earning rental income from day one and potentially snag a bargain? Then, consider properties with sitting tenants. These often-overlooked investments offer a unique opportunity for savvy landlords.
The biggest advantage is immediate rental income. No void periods, no marketing costs – just instant returns. But there's more: these properties often come with a significant discount compared to market value. These properties are generally priced lower because inheriting a tenancy agreement can deter typical homebuyers. This translates to higher yields for buy-to-let investors. And, the numbers don’t lie as the following stats show:
This combination of immediate income and reduced purchase price makes these investments incredibly attractive, especially for first-time landlords.
While the benefits are clear, careful research is essential. It's crucial to check the tenant's payment history and ensure there are no outstanding issues. Properties managed by letting agents can be particularly beneficial, as they'll have already vetted the tenant and have detailed records.
These opportunities are less common, so working with a reputable property company that can help you identify these hidden gems is key.
Buying with sitting tenants offers a unique chance to secure immediate income and potentially save big on the purchase price. While availability is limited, the rewards for those who find the right fit can be substantial.
Listed below are a couple of buy-to-let properties with sitting tenants that we currently have for sale in the Liverpool area. Get in touch with us to explore how we can help you find your perfect investment in Liverpool.
* Data from Lomond, one of the UK’s largest acquirers of estate and letting agency businesses
