The ‘New Town’ of Harlow is located in the West of Essex on the Hertfordshire. Built after the Second World War at the same time as developments in Basildon, Stevenage and Hemel Hempsted, the town was built to alleviate the overcrowding London was experiencing at the time. Many of the country’s leading post-war architects were involved in the design of the town which is split into self supporting neighbourhoods each with its own shopping precinct and community facilities.
The creation of Harlow as a town was coupled with two major manufacturing developments of The Pinnacles and Templefields previously providing a great deal of employment in the region for the displaced Londoners. This once booming district has since fallen into major decline with many manufacturing plants now located abroad, leaving Harlow with high levels of unemployment and consequently a larger than average proportion of rental properties.
Whether privately or publicly leased, a shrewd landlord will always seek to gain the maximum return on his investment. A good rental property can be transformed into a great rental property with the aid of a loft conversion. Whether let to a family or a group of sharers, a loft conversion can provide additional living space or bedrooms to ensure maximize returns.
When looking to invest in a rental property in Harlow it often pays to look beyond the norm. A small top floor conversion flat may have the potential to be transformed into a stylish roof apartment if the opportunity is there to carry out a loft conversion. As many investors look to rental properties as a way of saving for their retirement and not as a quick fix; this is an option well worth considering – and with the possibility of picking up just such a project at a local property auction, the potential pay back could be substantial.