Richard Butler Creagh on cheap apartments in the UK

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. The other extremes, when it comes to England, there is the North East region with an average price of £130,000 and price increases of just 9% in the last 5 years. A recent national survey showed that it is a region with the least interest of immigrants - they rarely decide to live there and stay there for a relatively short time. It is also the least populated region. We can find the cheapest objects in Welsh Blaenau Gwent - real estate there cost on average less than £82,000

The primary and secondary market in the UK. On the British market, of course, buildings from the secondary market dominate. As for the types of buildings, usually the cheapest way to live on your own is in the UK a terraced house, it costs about £183,000. A flat in the block is slightly more expensive than £203,000 and one part of a semi-detached house, £211,000 The biggest investment is a detached house, on average it costs as much as £341,000 thousand. pounds.

People looking for affordable accommodation in England should pay special attention to housing prices in Burnley and Hartlepool. On average, they are slightly below £60,000. the UK only Welsh apartments are cheapest.

Renting and flipping in the UK. Most of us do not have such a high amount to be able to buy real estate immediately.  For those who are just taking their first steps, renting is a good option. This will enable to build a financial portfolio and financial cash flow in the business. The most important aspect of the property business is to build financial stability and cash flow. This later enables us to get mortgage finance with sufficient financial stability.

Later flipping properties became easy to keep the business going through the renting cashflow. This is important s from buying through to renovating to selling can take a lot of time and therefore keeping the properties afloat is important.

You can see the availability of apartments depending on the size of funds. An important aspect to start with is choice of the locations the least expensive properties can be tempting but often this is for a reason and one might struggle to create a sufficient cashflow with renting due to demand. The more expensive locations are often safer from the perspective of guaranteed demand. Essentially you get what you pay for.