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Landlords: BTL retirement home?

September 22nd 2017
By: Melanie Hollidge
Landlords: BTL retirement home?

Savvy Buy to Let investors are buying up retirement flats in order to top up their incomes - part of the attraction is that compared to other buy to let properties they offer good value for money with prices starting at around £200,000 for a one bedroom flat and with the option of moving into it later on in life if they wish.

So how does it work? Basically you can buy a room or a flat in a care home and then rent it out to an elderly person or someone in the last stages of their life. With an ageing population a rental return from your investment is almost guaranteed. However an investor would need to consider the retirement home management fees as part of their investment planning.

As retirement homes are usually located in stunning locations such as conservation areas or near to parks it means that your investment will always be desirable to buyers if you wish to sell it on in the future.

If you are thinking about investing in a retirement property Goodfellows currently have this beautifully presented one bedroom first floor retirement flat in a managed development in the heart of the John Innes Conservation Area. The property comprises one double bedroom, lounge overlooking communal gardens, kitchen and shower room. The development also offers a communal laundry and off street parking. EPC EER C. NO ONWARD CHAIN. Price: £260,000.

Screen shot 2017 09 28 at 15.01.59

EPC EER C

Retirement Flat

Managed Development

John Innes Conservation Area

One Bedroom

Lift To First Floor

Off Street Parking

For further information follow this link or call our sister company Finch and Co Wimbledon on 020 8542 1193.

They also have this well presented first floor, one bedroom, retirement flat being part of this purpose built development situated within the John Innes Merton Park Conservation area. The property has a good size living room, kitchen area, double bedroom and shower room. There are two additional residents lounges, laundry, guest suite, communal gardens and residents parking facilities. Local transport and shopping amenities are accessible. NO ONWARD CHAIN. EPC EER C. Price £200,000.

Screen shot 2017 09 28 at 15.03.59

Retirement Flat

One Bedroom

Communal Gardens

Parking Facilities

Managed Development

Conservation Area

EPC EER C

For further information follow this link or call our sister company Finch and Co Wimbledon on 020 8542 1193.