Monopoly in Falkirk ... how would you play?

A couple of local landlords and I were having a discussion about the property market in Falkirk the other day, when the subject of risk against returns arose.

All landlords are different in the way they play the property game. Some landlords prefer to accept a modest yield/return on their investment for an increased certainty of finding a quality tenant. Other landlords are interested in high returns, with a greater risk with regards to the quality of the tenant. Before you start playing, it is a good idea to have a game plan.

For a low risk investment, you could buy property in the areas of Falkirk which are perceived as being more desirable, such as the Gartcows area, the High Station area and the Lionhorn area, where you may be able to achieve an annual yield of around 4-6%. If you don’t mind a slightly higher risk of void periods or a more varied quality of tenant, you are likely to be rewarded with a higher annual yield of 6-7%. This level of risk can be typically taken with New Carron Village and the Ewing Drive area. If you are after annual yields of 8% and over, you could take more of a risk with houses in the poorer areas of town which may attract tenants of a low quality.

If you would like to explore how we can help you with your property investments, or should you require any advice about investing in the Falkirk property market, wish to enquire about our Investment Analysis Reports, Property Sourcing, Residential Lettings or Property Management services, please do not hesitate to contact us on 01324 628332 or at robert@thekeyplace.co.uk; linda@thekeyplace.co.uk.

Alternatively please feel free to pop in and see us at our offices in 29 Upper New Market Street, Falkirk for a chat, the coffee is always on.