The new year always brings a time of reflection and it is no different in the property market. With more individual investor landlords choosing to invest in property rather than in a pension fund it has meant that demand has remained relatively consistent over the last couple of years.
The market is particularly strong for one- or two-bedroom properties as this gives young professionals flexibility and makes them good solid investments. We have also seen the corporate market grow recently, particularly over the last few months, with demand outstripping supply for family homes.
At Helen Breeze Property Management our sole focus is on lettings. We are specialists in Sevenoaks and the surrounding areas and help our clients to find suitable properties for buy-to-let and investment as well as look after the management side of any rentals.
This can include finding tenants, checking all legal aspects, looking after rent collection and repairs and maintenance to the property. We offer a bespoke service tailored to our clients’ needs so what we do totally depends on what is required.
What sort of return can you get from letting a property?
In Sevenoaks, the rule of thumb for rental return on houses is around 4%, with it being slightly higher for apartments or flats. Landlords generally hope to increase this return when they sell their investment property as the capital gain has historically been very good.
Although changes to taxation and tenants’ fees has had an impact on individual landlords, forward thinking investors are working with a key team such as accountants, financial advisors and legals to ensure any investments work for their individual needs.
As specialist Letting Agents, we are also an essential part of the team to make sure all the day-to-day legal requirements of being a landlord are covered and your property brings the highest possible income.
Generally speaking the New Year is a positive time for the rental market as people focus on changing jobs and families look to move. Proximity to good schooling is always a real selling point and many families want to get school places confirmed prior to the start of the Autumn term.
Ensure your property stands out from the crowd with professional photography. Curb appeal is essential and professional shots taken around the time of let will give any home an added advantage, especially if you can “set” the home before a photo-shoot with basic furnishings. It also helps if the property is neutrally decorated and has a well-maintained garden. Investing in getting it right at this stage will ensure you attract high-caliber tenants and achieve a top-level rental income.
For more information about investing in property or general rental information please call our specialist team on 01732 740789.