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Tanhouse Lane, Widnes, WA8

Tanhouse Lane, Widnes, WA8
£20,000,000

Ashton Tenement Farm Bickershaw Lane, Wigan, WN2 5PL

Ashton Tenement Farm Bickershaw Lane, Wigan, WN2 5PL
£3,000,000 (Offers in Excess of)

Home > Information > Off Plan Property


Off Plan Property


Off Plan Property is defined as property that is bought or sold “off the plans”, meaning before it is built. Investors may buy an Off Plan Property with a view to selling it once it is completed. Once the build is finished, the property will increase in value, and so can be sold at a profit.

Housing developments can also be considered Off Plan Property as the show home is used by the developer or the estate agent to sell the houses before they are complete. Another benefit of Off Plan Property is that depending on the stage of the build and the developer, the buyer may be able to customise, or personalise their home whilst it is being built, as it is easier to install additional features at the time of the build rather than afterwards. Off Plan Property also comes with warranties which provide peace of mind to the buyer. There are no maintenance costs or renovation costs or as the property is new.

Off Plan Property is seen as a quick and easy, risk free way to make a lot of money by doing very little. There are however, several points which should be considered before purchasing Off Plan Property.

Whether the Off Plan Property is to be sold for a profit as soon as it is finished, or bought to let, it is important to consider the local supply and demand. If there are suddenly lots of new properties available to rent, or to buy, then the rental value and sale value will be reduced. If there are fewer Off Plan Properties available and demand for property is high, then the sale and rental value will be higher.

Where the Off Plan Property is located will also make a difference. If the area is being regenerated then buying Off Plan Property would be a good investment, as people are going to want to live in the area.

Is the Off Plan Property type in keeping with the existing properties, and the right sort of property? A block of flats in the city centre will be an attractive investment, whereas a block of flats in a more rural environment would not be. A penthouse would not be suitable for young families, and a suburban townhouse may not be what young dynamic professionals are looking for.

Are there local amenities such as schools, shops and a good transport network close to the Off Plan Property development? Having the right infrastructure is important when buying and selling a property, especially when buying off plan. Off Plan Property that does not have the right infrastructure and local amenities will be less attractive to a buyer.

Do people want to live in this area already? If this area is popular, then there will be a demand for Off Plan Property. Buying Off Plan Property either to sell or to rent out should yield a better return on investment than for property in areas that people don’t want to live in.

Off Plan Property is also a good investment for those people looking for a buy to let property, especially in areas where accommodation is in short supply, or student towns and cities.

City Residential are experts in all aspects of property sales, letting and management, including off plan. Property agents such as City Residential can help you find the best Off Plan Property opportunity to meet your requirements. Whether you are looking for a stylish furnished apartment, buy to let house, or to increase your property portfolio, why not consider Off Plan Property?

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