– Southampton has a population of 253,651
– That’s an estimated 105,916 households.
– According to gov.uk, there was an estimated 7 repossessions for every 100,000 households in the first quarter of 2018.
– The opportunity to purchase below market value properties in Southampton are fantastic.
Southampton appears to be a popular place to live for young working professionals at present, hence rent demand has been consistently on the rise. Large companies such as Old Mutual Wealth and IBM now have head offices in the area, and a new cruise terminal being built also resulted in Carnival UK placing a large office in the city. There is constant demand for student accommodation, with the two large universities in the area constantly growing. These factors have resulted in HSBC naming the city as the hot spot for Buy-to-Let investors. The report revealed Southampton as a city with a rental yield of 7.82%, which was an average of £901 a month.