Grow your portfolio
We bring together great investment properties and busy professionals.
Our team is always searching for properties all across the country, all of which must meet our strict criteria before we will consider passing them to investors.
Area Property Ltd. have great relationships with estate agents through-out the country and as a direct result of this we often get informed of great properties before they even hit the open market.
We regularly get offered properties at discounted rates for a quick sale, Lease option opportunities and properties in need of refurbishment at seriously reduced prices.
We work to a strict criteria when sourcing deal's, below are just the some of our 'Must-Have' checkpoints that the property must match before we even view it.
If you’re looking for Investment properties offering returns close to or in excess of 20%, Area Property Ltd can help!
Some of our Must-Have Checkpoints
1. Great condition
2. Minimum 4 lettable room’s
2. Minimum 4 lettable room’s
The property must be in great condition when our team view them, we have a 7 page property inspection form that all of our team use when viewing.
We will check the house as best a possible. Properties that require paint etc are accepted.
If any properties require works we will always disclose this prior to sale and in many cases will have obtained quotes for the work through our network of tradesmen.
2. Minimum 4 lettable room’s
2. Minimum 4 lettable room’s
2. Minimum 4 lettable room’s
To achieve the investor the highest return on investment, we do try to only source properties within this budget, for HMOs.
However we will pass a property that has a higher purchase price providing the return on investments figures are as a minimum 20%, Typically we look for minimum of 30%.
3. £30K per lettable room
2. Minimum 4 lettable room’s
4. Management team in the area
For HMOs, all rooms must have a minimum of 4 bedrooms that can achieve a rental income.
Each room must meet local standards for size typically 6.5m2 or 70 sqft.
4. Management team in the area
5. Maximum of 15 mins to nearest centre without a car
4. Management team in the area
All the properties we pass to investors will have a full management team in place in the local area.
For instance if we pass a HMO or a Serviced Accommodation, we will have the respective manager in place who is confident the property will let.
We have Builders, legal teams and mortgage brokers in place waiting to be instructed.
5. Maximum of 15 mins to nearest centre without a car
5. Maximum of 15 mins to nearest centre without a car
5. Maximum of 15 mins to nearest centre without a car
Primarily this refers to Serviced Accommodation and HMO properties as our research tells us that the majority of guests or tenants for serviced accommodation or HMO's tend not to drive, need good access to public transport, a quick and easy commute to their jobs and want to be near the buzz of a city centre.
We set a rule of 15 mins so the properties are all within easy access of the centre of the town/city.
Our Process
Step by Step
We assess all the properties from our team weekly and will offer these properties to our database of investors via our opt in email service. If you're not on that list, you're missing out.
If you like the look of a particular deal follow the instructions on the email for reserving the deal:
- You receive the email, If you like the look of a property you get in touch.
- We have a Phone call or Zoom call to run you through the property details, ROI Figures, Pictures etc.
- If you want to proceed we will send over Terms of Sale and an Invoice for the finder's fee.
- Once we received the signed terms of sale and payment we then arrange a skype call to disclose full property details.
- We then instruct the selling agents who the buyer is via email.
- Property is marked SSTC (Sold Subject To Completion)
- The purchase process goes through as a normal sale
- We then take a step backwards and let you deal directly with the agent
We are on hand to assist with any issues which may arise throughout the sale process up to completion.
If you would like our recommendation’s for solicitor and mortgage brokers we are happy to provide these to our customer
For the Rent to Rent (Asset Control), both HMO (Home in Multiple Occupation) or Serviced Accommodation, our Complete Set-up Service comprises of:
- we will find a property in your desired area
- Collect the keys
- Do any maintenance required
- Source & set up furnishings Arrange professional photography.
- A management company will be ready in place, if the investor requires one.a management company will be ready in place, if the investor requires one.
Our Compliance
The Property Ombudsman
Professional Indemnity & Public Liability Insurance
Professional Indemnity & Public Liability Insurance
We are fully compliant and registered with the "The Property Ombudsman".
Our registration number is: T04091
If you have a complaint the you feel needs addressing, send us an email at enquires@areaproperties.co.uk. In the event of a complaint, we will notify you within 7 days with acknowledgement, and further respond within 28 days after.
Professional Indemnity & Public Liability Insurance
Professional Indemnity & Public Liability Insurance
Professional Indemnity & Public Liability Insurance
We are Fully Insured with Professional Indemnity Insurance
Broker: 02031501940
enquiries@prosuresolutions.co.uk
Insurer : Prosure Solutions Limited per Certain Underwriters at Lloyd’s, London
Please feel free to call our broker and confirm our policy.
Information Commissioner's Office
Professional Indemnity & Public Liability Insurance
Information Commissioner's Office
We are registered with the Information Commissioner's Office Registration number: 00014573840
We use a GDPR compliant CRM platform to hold any data you submit using our online forms.
We will never disclose your personal information to any third parties.