“What makes a property a great investment?”

Investing in property can be a lucrative endeavour, especially in Cambridge, where the market is thriving. However, making the right choice requires a keen eye and an understanding of the factors that contribute to your success.

Here’s what you need to consider when selecting an investment property in Cambridge:

1. Location is Everything
The location of a property can make or break its investment potential. In Cambridge, properties near universities, research parks, and public transport hubs are in high demand. Proximity to key amenities such as shops, restaurants, and parks also adds value.

2. Understand Growth Potential
Focus on areas where property prices have shown steady growth over time. Cambridge’s expanding tech and research sectors have fuelled demand in specific neighbourhoods, making these prime targets for investment.

3. Prioritise Tenant Demand
Properties close to educational institutions or employment centres tend to attract tenants quickly. Consider the needs of your target audience, whether they are professionals, students, or families.

4. Aim for Low Maintenance Properties

Investing in a property that requires minimal repairs and upkeep will save you time and money. Newly built properties or those in excellent condition often appeal to tenants and provide peace of mind for landlords. Refurbishing is also a attractive investment approach as you can add value and clearly know the standard and quality of the property.

5. Calculate Rental Yield
Ensure the property offers a strong rental yield by comparing its expected income against the purchase price and ongoing costs. A healthy cash flow is essential for long-term investment success.

Cambridge’s property market offers exciting opportunities, but success lies in making informed decisions. By focusing on these key factors, you can maximise your investment potential.