Gloucester is a small city which makes it easy to get around and it also benefits from ideal commuting distances to Bristol, Birmingham and South Wales. Nestled in the Cotswolds, you’ll find history and nature in abundance and with huge amounts of investment attracting many businesses to the Docks area, Gloucester has a lot going for it and an exciting future.
The rental market is strong and as lifestyles become more flexible, so too will people’s housing needs. For people who want to study or move between jobs frequently, renting is the ideal solution. Gloucester is home to several large industries as well as a University meaning a steady influx of people requiring short-term housing options.
3. House Prices
An increasing population and a national shortage of housing have pushed house prices up to a point that many first-time buyers can’t get on to the housing ladder. Renting offers them a chance for independent living is cheaper and can give people the time to save up for a deposit.
By using one of Gloucester’s professional letting agents, you’ll know that you’ll be getting your rent paid on time. This is crucial if you have a buy-to-let mortgage and need to make payments on time.
5. Property Checks
As a landlord, you’ll have certain responsibilities to keep your rental home safe and functioning. A Gloucester letting agency can take the stress out of this and carry out these checks for you, updating you and taking care of arrangements for any maintenance work.
Whether you’re aiming your property rental at professionals or students, Gloucester has large communities of both. Finding the right tenant can be time-consuming and costly so it’s a good idea to use an agency who have the expertise to do this on your behalf.
With its prime location and growing population, Gloucester is ideal and your property won’t stay empty for long. Letting an agency manage things for you such as viewings and property checks means you can rest assured that your investment is in safe hands, leaving you time to enjoy the things you love doing.
8. Long-term investment
Renting used to be seen as a short-term option but increasingly people are renting for longer periods. The area around Cheltenham and Gloucester is no exception to this and as people look to renting for longer periods of time, the demand for top quality rented accommodation will continue to rise. Therefore, you could be making money from renting for a long time.
9. Perfect Market
Despite being the county seat, Gloucester is relatively small for a city. However, it does have approximately 130,000 inhabitants which is set to grow as a result of the recent baby boom. Currently, a third of the population of Gloucester is under 25 and they will all be looking for somewhere to live when they leave Mum and Dad’s!
10. Future is bright
Unemployment figures in Gloucester are down, following the national average. Investment continues to pour into the city centre with new developments underway at Gloucester Quays, improvements to transport links and further strong growth is expected. In recent years, Gloucester has attracted more than £700 million of private sector investment so the future is bright for this south-west city.