Hello everybody, its Rob here from Property Investments UK.co.uk
and today i'm going to share with you a great little tip on how to find
the best locations for your property investments in under 5 minutes
Now to do this were going to use a great little tool called Property Heat Map
and were going to be focusing on an area of the North West called Chester
which is an area that I personally invest in myself and also I source properties
for other clients in this area as well
Now there's a couple of property websites out there that has this property heat map
tool and one of them is Zoopla.co.uk and another
one is Mouseprice.com, which is the one were using today
Now the reason for that i'll show you in a second, but it simply gives the data in a
very quick and easy visual way and it also gets a good combination of data from properties
that are currently on the market at the moment with estate agents as well as properties that
have sold recently and it uses the land registry data to show you that aswell
What were going to do here is click on the area guide section on the right hand side
and then type in the postcode district, Ch1 is a postcode in Chester, its a central postcode
and if we type that in, that will take us to the area guide for the CH1 postcode.
Now this area guide gives you a quick breakdown on the area, based on the locations within
that postcode, it also gives you a bit more information on the number of homes in the
area, how many transactions have recently been happening, and the most types of properties
in that area, so for instance, terrace houses, semi-detached houses, detached houses, that
type of thing, so its a good snap shot of information, but were particularly interested
in the heatmap section over here on the left handside, so if we click on that, that will
take us to the page that were looking for, which is this main heatmap page of this chester
area.
So what we have here is a map of chester, with an overlay of property prices shown or
displayed by different colours, so for instance, if you look at the house price guide at the
bottom, then the house prices go anything from blue or dark blue which is the lower
house price properties, all the way up to dark red which is the higher value price properties.
Now this particular map of chester, you can quickly and simply see, the lower value priced
properties, are mainly focused in an area of Blacon, which is the green and blue colour
properties, Saltney, Lache, also if you scroll over here to the right you've got a small
section in handbridge, a small section in huntington, and also the area of Hoole and
Newton and some central parts of chester as well.
So on this map, by using the heat map and the different colours, you can simply see
if Chester was a new area to you, which of the lower value prices ranges and areas you
should maybe focus on that would make more as buy to let property investments as they
would typically generate a higher rental yield, because the purchase price would be lower,
and these areas are the main rental areas aswell within the chester region, so they
would have a good mix of tenant profiles and they would have a steady demand for tenants
aswell.
So these are the areas we focus on ourselves personally for investments in chester , price
range is one of the reasons, and also we have a criteria of what we call the seven golden
rules, which we have available on our website and that gives you the criteria of what we
look for aswell in property investments.
So on this website really, simply thats what were looking to achieve, is property prices
shown simply and in an easy way to understand so you know which areas you should be targetting
you marketing on, if your direct marketing or if your looking to go via estate agents
which areas you want to be focusing on for your property sourcing.
So that's it, hopefully this website and this video has been helpful for you, if it has
and you want more videos like this, please feel free to subscribe to my youtube channel,
then you will get an updated list of any videos I do, with the helpguides and video tutorials
just like this, on I would I suggest to source properties and build your property portfolio's,
so its well worth subscribing, and if you wanted to do that, if you just go to youtube.com/robertjonesproperty
and then click the subscribe button that would be great, and then also if you have any questions,
please feel free to email me at rob@propertyinvestmentsuk.co.uk or leave a comment below and I would be happy
to answer, and always happy to help. Thats great and thanks for watching