Investment Property in Bridgetown

Investment Real Estate in Bridgetown

Investment Property in Bridgetown
Investment Property in Bridgetown

Bridgetown property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Bridgetown .

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Search Map of Bridgetown Investment Real Estate

Bridgetown (UN/LOCODE: BB BGI) is the capital and largest city of Barbados. Formerly The Town of Saint Michael, the Greater Bridgetown area is located within the parish of Saint Michael. Bridgetown is sometimes locally referred to as “The City”, but the most common reference is simply “Town”. As of 2014, its metropolitan population stands at roughly 110,000.

The Bridgetown port, found along Carlisle Bay (at13°06′22″N 59°37′55″W / 13.106°N 59.632°W / 13.106; -59.632 (Bridgetown port)) lies on the southwestern coast of the island. Parts of the Greater Bridgetown area (as roughly defined by the Ring Road Bypass or more commonly known as the ABC Highway), sit close to the borders of the neighbouring parishes Christ Church and St. James. The Grantley Adams International Airport for Barbados, is located 16 kilometres (10 mi) southeast of Bridgetown city centre, and has daily flights to major cities in the United Kingdom, United States, Canada and the Caribbean. There is no longer a local municipal government, but it is a constituency of the national Parliament. During the short-lived 1950s-1960s Federation of the British West Indian Territories, Bridgetown was one of three capital cities within the region being considered to be the Federal capital of region.

The present-day location of the city was established by English settlers in 1628; a previous settlement under the authority of Sir William Courten was at St. James Town. Bridgetown is a major West Indies tourist destination, and the city acts as an important financial, informatics, convention centre, and cruise ship port of call in the Caribbean region. On 25 June 2011, “Historic Bridgetown and its Garrison” was added as a World Heritage Site of UNESCO.

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The financial stability of Bridgetown has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Bridgetown

Renting out your Bridgetown buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Bridgetown are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Bridgetown and be prepared to change your initial outlook.
  • Thoroughly research the Bridgetown location with a special emphasis on fringe areas outside the main Bridgetown metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Bridgetown.
  • Ensure that your target investment property in Bridgetown appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Bridgetown properties yourself is an easy option, but are these savings justifiable when you run into Bridgetown red tape? Physis Realty Bridgetown office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Bridgetown buy-to-rent sector.

With our expert guidance, investing in Bridgetown provides the secure knowledge that your money is working harder than it would in a local Bridgetown bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Bridgetown, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Bridgetown property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Bridgetown

Flipping property in Bridgetown

Flipping property is when we advise clients to buy a Bridgetown property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Bridgetown market has a time to react to the renovation.

The Flipping Strategy in Bridgetown

Investment property flipping in Bridgetown is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Bridgetown real estate investments are sometimes referred to by professionals as ‘distressed’ Bridgetown real estate.

What is distressed Bridgetown property:

  • Bridgetown property in need of renovation
  • Bridgetown real estate with a change of purpose and use
  • Oversold Bridgetown property
  • Bank repossessions in Bridgetown

Put simply, long term investors in Bridgetown purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Bridgetown investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Bridgetown property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Bridgetown use a minimum profit value of 22% when looking at potential Bridgetown projects. The reason for this is because there are lots that can go wrong in Bridgetown property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Bridgetown

For luxury property investors hoping to add a superb property in Bridgetown to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Bridgetown, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Bridgetown should be entrusted to only the highest-quality agency.

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