How do we value your property?
There is no magic formula, so we use a combination of experience,
market research, comparative analysis and market sentiment to
reach a fair rental value.
The key physical features that increasingly impact on property
rental values are:
| • |
Double-glazing |
| • |
Easily maintained garden |
| • |
Shower, or preferably a power shower |
•
|
Whether the house is really clean
and the fittings and fixtures modern and functional |
| • |
Broadband Internet access |
| • |
Modern fridge, washing machine and
other white goods |
| • |
Hardwearing floors and good quality
carpets |
| • |
Florid, unusual or excessively patterned
decorations |
Location has the next major impact:
| • |
Busy or quiet area? |
| • |
Too near a pub, club, 24/7 shop or
skateboard park? |
| • |
Distant from schools, bus stops and
medical centres? |
| • |
Overlooked by neighbours or the landlords
home? |
| • |
No off-road parking? |
| • |
Near to a business receiving 24-hour
deliveries? |
| • |
Awkward commuting routes? |
Competition is the final major influence:
| • |
Is there a high proportion
of similar properties for rent in the same area? |
| • |
Have they been empty for any length
of time? |
| • |
Are there newly built similar homes
nearby? |
| • |
Are rental agents refusing to take
more, similar properties onto their books? |
•
|
Is there anything special about your
property that distinguishes it from all the rest? |
Once we have assessed all the above and compared your property
to others we have let, and those already on our books, we will
propose a monthly rental value.
This should not be regarded as a figure set in stone. We would
rather you regard this as a starting point around which you
allow us to negotiate with a tenant.
Potential tenants are increasingly demanding more and more from
the properties they rent. In many cases they have been, or still
are, owners of property elsewhere, and they have a keen sense
of value. Shoddy or substandard property will be shunned and
remain vacant for long periods. Well maintained, attractive
and reasonably priced property will always be attractive to
respectable, professional and responsible tenants. |
