Almost £1.4bn of residential property investment portfolios are currently being marketed for sale across England, research from Rushbrook suggests.
The property management firm identified an estimated 1,322 portfolios with a combined asking value of £1.398bn.
The South East accounts for the largest share of portfolios being marketed, at 16.8% of the total, followed by the North West at 14.8% and London at 14.4%.
However, the capital dominates by value, accounting for an estimated £450.9m of portfolios currently for sale – almost a third of the national total.
REGIONAL DIVIDE
The average asking price of a portfolio in London stands at £2.36m, according to Rushbrook’s analysis.
At the other end of the market, the North East has the lowest average asking price at £477,987.
This is followed by the North West at £588,649 and Yorkshire and the Humber at £599,219.
Average portfolio asking prices stand at £714,872 in the East Midlands and £833,871 in the West Midlands.
PORTFOLIO SALES
Roma Sharma (main picture, inset), Managing Director of Rushbrook, says buying an existing portfolio can allow investors to expand without sourcing and acquiring individual properties separately.
She says: “It can also provide the opportunity to acquire an existing collection of rental properties and tenancies in a single transaction.
“However, while acquiring multiple properties at once may streamline the purchase process, it also means taking on the responsibilities associated with managing those properties from day one.”
Sharma says investors need to examine individual property conditions, existing tenancy arrangements, maintenance requirements and regulatory compliance before acquiring a portfolio.
She adds: “Expanding a portfolio is one thing, but ensuring every property is managed effectively, tenants are looked after and the investment continues to perform over the longer term requires an equally considered approach.”
