Matt, a personal trainer from Oxford, has expanded his buy-to-let portfolio with the purchase of a 3 bedroom detached Brandon at Gleeson’s Safari development in Huyton, Knowsley. Already owning two investment properties — one in Oxford and another in Liverpool — Matt identified Gleeson’s offering as a compelling opportunity to enhance his yield and secure long-term capital growth.
“Operating a very busy personal training business, I found that my income had reached its peak, and it was time to invest my savings not only for further income but also for the future. I already have two buy-to-let properties, one in Oxford and one in Liverpool, making this my third investment property.
The strong rental yield in the North West was a key driver behind Matt’s decision. “I find that the rental yield is much better in Huyton/Knowsley/Liverpool than where I am based in Oxford, which gives me a better return on my investment. The location of the development is only a stone’s throw away from the M62, allowing great access to surrounding cities for potential commuters.”
Matt was drawn to the benefits of a new build, both for tenant appeal and cost efficiency. “I chose a new build because everyone prefers to rent a brand new home. It was also appealing to take advantage of the 10-year NHBC warranty. By choosing the flooring, tiles, and extras myself, it really allowed me to start from a blank canvas and have the property exactly how I wanted it. This gave me peace of mind, knowing I wouldn’t need to invest extra income to bring the property up to a rental standard."
He also recognised the value Gleeson offered in the market. “I looked at several other new build developers in the area but found that Gleeson Homes were slightly bigger and did not have an Estate Charge attached to the property like other properties I had previously visited. I also took advantage of Gleeson’s £10,000 deposit contribution."
Matt’s long-term strategy includes refinancing as the asset appreciates to fund future purchases. “I am looking for a long-term tenant as I plan to rent this property for the foreseeable. If the property increases in value over time, my plan is to refinance and free up some funds, which will allow me to purchase my fourth investment property!”
The buying experience also exceeded expectations. “I was very surprised at how smoothly the purchase of the property went. The sales team called me at the end of every week to keep me updated on how the build was going and the expected completion dates. This is when I knew the correct decision was made to purchase a Gleeson home!”
Offering advice to fellow investors, Matt added: “I would recommend anyone who is looking to start their property portfolio with Gleeson to take their time and see a good mortgage broker who may be able to give tailored advice. I have already recommended Gleeson to family, friends, and investors alike and have no doubt they would get the same great service I received.”