Tag: rents are rising

Land and Property Professionals

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Robinson & Hall continues to experience demand outstripping supply in the residential lettings market, leading to a continuing increase in rental levels. Frequently, our residential lettings department receives multiple offers on each property, and on average we are letting properties within a week of them coming onto the market. Subsequently, tenants are offering over the asking price to secure their next home.

Zoopla property news says that: “Average rents for new lets across the country have risen 9.7% since last year”. Bedford and the surrounding villages are well located for offering housing to the overflow of London tenants who are used to paying high rents but want a larger property and the ease of an under an hour commute to central London. 

The increase in rents is not just introduced for new lets either. Robinson & Hall recognises it is essential that comparable information is supplied to our landlords each year to determine if a rent increase is required to ensure the property keeps up with market values.

Due to the growing rents and the cost-of-living crisis, we suggest protecting your rental income by considering taking out a rent and legal policy. This then means that a landlord would receive the rent if a tenant defaulted on payments, and repossession legal costs are covered by the insurers.

If you would like to benefit from a free lettings appraisal to find out what rental value your property could achieve or for more information, please contact Calum.

New statistics show that average rents across the country have risen sharply with demand outstripping supply, resulting in record rents for landlords. Average rents across the country have risen to £1,278 per calendar month outside of London, which now means on average rents have increased by 10% from last year.

Robinson & Hall has found that many tenants are relocating from London to live in rural areas for lifestyle reasons, being able to work from home being one of the main factors. This therefore results in them being able to afford a better property than they would have if they stayed in the region.

Is your property winter ready?

With winter around the corner, we have made it our priority to inspect the properties we manage to ensure they are winter ready. We have supplied tenants with maintenance advice to minimise the risk of issues arising, in addition to keeping the landlord informed of the condition of their property by supplying a detailed inspection report.

Checklist for landlords during the winter months:

Included within our managed service, we supply tenants with an out of hours emergency telephone number, which is monitored by a member of our knowledgeable lettings team, meaning all emergency issues can be dealt with swiftly.

For more information or to book a no obligation lettings appraisal to find out what rent your property could achieve, please call me.