Adding value to property with Starlink
According to Ofcom, there are over 500,000 properties around the UK that do not have a decent broadband connection, down from 650,000 in December 2021. Internet speed is the second most important factor that buyers look for after the size of property, so it’s very, very important. In fact a recent survey concluded that poor internet connection can reduce the value of a property by as
much as 25 percent.
As the percentage of people hybrid working continues to rise and it’s currently around 24% of the workforce, hybrid working or working from home is changing the landscape of the UK making homes that were previously unattractive because of poor Road networks or rail networks, now more attractive as the days when people will need to actually get into the office or into work less and therefore people are looking more to set up home in idyllic locations, providing that there is a good internet connection and if there isn’t the value of the property can plummet creating a great opportunity for you to add value to these properties.
Obviously internet connection is the Achilles heel but this has been sold for nearly all of the UK by Elon Musk’s Starlink Network. I’m sure you’ve all heard about it but many people are not really aware of the actual coverage the Starlink network now covers nearly all of the UK, apart from the John O’ Groats area, provided you have a clear view of the sky you can receive very fast internet connections.
They do have a standard package and a business package with speeds available up to 500 megabits per second, which should be enough to satisfy everybody’s needs. It does cost around 500 pounds to install and around 80 pounds a month, which is higher than your normal broadband connection, but this is a small price to pay if it facilitates living and working in an idyllic location
As well as that the actual equipment is portable so you can actually mount it onto a camper van or a boat if you wish, so that you can continue to work, should you decide to take a road trip or spend a few days, weeks, or even months, living on the canals.
I won’t put a link to it because that’s not what this video is about, if you just search Starlink, you can find out for yourselves all you need to do is track down these properties with poor internet connections and as well as obviously renovating them adding internet connection to them that will satisfy the needs of people who want to work from home will instantly add a significant amount to the value of that property.
As I said there are over 500,000 properties in need of their broadband connection being upgraded and as well as an opportunity to make a profit by adding value to them, it is also an opportunity to take abandoned or even derelict property and turn them into viable family homes.
I hope that helps if you have any questions as always get in touch and I’ll see you in the next video