5 Steps to Find Off-Market Properties (Below Value)
What is Off-Market Property?
Off-market properties are real estate opportunities that are not publicly advertised or listed on mainstream platforms like Rightmove or Zoopla. These properties are sold privately, often through direct negotiations with the owner, making them a hidden gem for savvy investors. The benefits of off-market deals include reduced competition, the ability to negotiate favourable terms, and the potential to secure properties at below-market-value prices. For investors, this strategy opens doors to high-profit deals that aren’t accessible to the general market.
How to Find Off-Market Properties
Finding off-market properties in the UK, especially those below market value, is a game-changing strategy for property investors. This untapped market offers the potential to earn 25–35% profit per deal and achieve up to 68% more cash flow compared to traditional single-let properties. The key is targeting mini blocks of apartments on a single freehold, of which there are 314,000 owned by private landlords and companies across the UK—many of whom are ready to sell. Below, we’ll guide you through five simple steps to uncover these lucrative opportunities
1. Research Using Online Property Platforms
Use tools like Rightmove, Zoopla, or local rental platforms to identify properties within an hour of your location. Focus on areas with strong rental income potential and compare sold prices of similar flats to find properties at the top of the market.
2. Explore the Local Area in Person
Visit the neighbourhood and assess its rental market. Look for streets with well-maintained rental properties. A lack of available rental stock often signals high demand and occupancy, making these areas ideal for investment.
3. Identify Multi-Unit Properties
Look for buildings with multiple letterboxes or utility supply boxes, as these indicate multiple flats within one property. Compile a list of addresses for further investigation. This step requires minimal investment beyond travel expenses. Once you’ve identified potential buildings, explore how to turn them into profitable investments through title splitting basics.
4. Obtain Title Information from the Land Registry
Set up an account on the Land Registry website and purchase title information for £3 per property. Prioritise buildings with multiple flats under a single freehold title deed, as these are prime opportunities for off-market deals.
5. Contact Property Owners Directly
Write a personalised letter to the property owner listed on the title deed, expressing your interest in purchasing their property. Arrange meetings with owners that are open to selling, creating a direct pathway to off-market opportunities.
We have plenty more crucial tips and strategies to help you succeed in property investment. If acquiring properties and unlocking their full potential excites you, don’t miss the opportunity to learn from the best. Dive into our accredited Title Split training courses and discover how to master the art of property acquisition, title splitting, and maximizing your returns. Happy hunting for off-market deals!