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Welcome to the North!
If you are looking at your first purchase in Leeds or are a serious property investor, the Watts & Co sourcing service will help you find the perfect property for your portfolio. Whether you are looking for a flip, a renovate and keep or a property that can be rented straight away, we can help.
The Watts & Co property sourcing service is as bespoke as they come. We work directly with our clients finding them a very specific property that exactly fits their criteria.
From time to time we may hit on a deal that’s too good to miss, and offer it out, although generally we work on a retained basis. Many of our clients live outside of Leeds, they hire us because they lack the local area knowledge and also don’t have the time for numerous house-hunting trips. The fees we charge are easily made up for by us getting them the right property for them following their specific investment strategy.
The North of England is booming. Yorkshire is home to major cities such as Leeds, Hull and Sheffield, several national parks and miles of beautiful coastline; making it a great place to live, work and invest. The government initiative "Northern Powerhouse" boosts the local economy by providing investment in skills, education, healthcare, transport, culture and innovation.
Leeds has a thriving economy, with the recent openings of two city centre shopping centres attracting tourists to the region. A new South exit of the train station opened in preparation for the £350 million South Bank development, which will be the largest urban regeneration programme in Europe and provide 35,000 jobs and create 40,000 new homes. Hull is the 2017 UK City of Culture, promoting and celebrating the cultural aspects of the region and making Hull a better place to live and invest. HS2 is the proposed new high speed rail line, which will connect the north to other regions of the UK, bringing the country together and opening up opportunities.
With the government investing so much in the north of England, why not you?
The average house price in Leeds is predicted to grow by 20% by 2020, with dramatic increases in Leeds & Manchester due to their attractiveness to graduates, established companies relocating and young growing companies seeing these cities as a good base. The House Price Index states the region has experienced an average house price growth of 7.6% over the last year, with this figure floating at around £150,000. Average yields are also favourable compared to other areas of the UK, with 7 – 8% being easily achievable, it is possible to purchase a 2 or 3 bed house in the suburbs for £75,000 and get £600 rent. Of course, yields from HMO’s or developments could be much higher.
Watts & Co have a dedicated sourcing department to support you to make your property dreams a reality; whether you are a first time investor looking for some passive income, or a seasoned developer seeking large scale developments, we can help you not just to find a suitable property, but to manage or resell it afterwards, holding your hand at each step if required.
With pensions performing poorly, why trust someone else with your hard earnt money and put your financial future at risk? Property can be invested into a pension, which can help you retire earlier and spend more time with family doing what you want to do.
Perhaps you have a lump sum to invest? We can help you use property to grow this, either by working on "fix & flip" strategies, or by providing you a great fixed return on your capital.
We believe that each person’s situation is unique, which is why it is important for us to get to know you so that we can then provide a bespoke service and not waste your precious time. Take the first steps towards investing with Watts & Co by registering on our
If you have any queries at all, contact our sourcing director, Jo, on 07591 205427 or 0113 278 5555.
As investors ourselves, we know what makes a good investment and we look forward to helping you.
At Watts & Co we believe in a personalised bespoke service across all our different divisions, sourcing is no different. We actively source deals either on a retained basis or generally for the following investors strategy.
We are able to source the following types of properties:
We are also happy to discuss any more specialist requirements that might not be mentioned above.
You can begin working with us in the following ways:
One-to-one Consultative Approach
One of the sourcing team will discuss your criteria and establish a strategy to work to.
We will clarify what you are looking for and we will only show you properties which are suitable for your needs, not just any property on the market.
Active Sourcing Activity
In order to short-list potential properties, we start by getting out into the market, speaking to the people in the know and monitoring for new properties listed.
Potential Properties Presented
We will present you with a guide for the property, including purchase price, suggested renovation costs, potential rental yields and ROI’s.
A strategy will be put together to allow you to achieve the best rents possible on the property, this could be through strutural, renovation or decorative works.
If you are happy with the property and the number stack up we will offer and negotiate the sale on your behalf. By using the same skills that enable us to sell properties for the highest price, we are able to get our clients the best possible price, a service that covers the cost of our fee on it’s own.
Generally with the sale agreed the ball is then in the court of the estate agent and solicitors but we are always on hand for advice and guidance through to completion.
Fail to prepare or prepare to fail as they say. As the sale is progressing, we will liaise with the renovations team and begin getting our schedule of works together, start getting quotes and our contractors in place to make sure once the sale completes the work is underway with no hold-ups. For properties being ipped we will also generate the sales particulars and get the marketing ready to have the property on the market and getting interest from day 1.
From here one of the team will follow up with a fact-finding call to exactly establish your needs and also discuss premium, priority access and also the source to order service.
If you are interested in the platinum package, it would be best to arrange a face-to-face meeting with one of the team. Just select Angel investing on the registration form and this can be arranged in the follow up call.
More information about investing with Watts & Co can be found in the Investor section of our web-site.
So the big news is interest rates have gone up by 0.25%.