Investing in a two-bedroom apartment as a landlord offers numerous benefits. Higher rental prices offer increased monthly income potential compared to smaller units.
This property type attracts a diverse tenant pool, including small families and roommates, leading to stable, longer-term tenancies.
Like studios and one-beds, two-bedroom apartments may have higher appreciation potential, especially in desirable locales. For instance, the North West is forecasted to enjoy capital growth of 20.2% in the next five years (as per Savills Residential Forecasts), significantly above the national average and more expensive regions like the South East and London.
The extra space makes them adaptable for remote work, adding to their market appeal. Following the pandemic, people were forced to reconsider what they look for in a property – more space was right at the top of that list. As such, a two-bed apartment may afford them more living space and allow them to live in a desirable location. Considering that many new-build flats are located in areas with plenty of things to do, it is easy to see why people would opt to live in this type of property.
The potential for roommate arrangements helps these apartments appeal to a broader tenant demographic, especially if they’re looking to split rent and utility costs to save money – this may be more of an issue with one-bed and studio apartments.