In spite of the much improved sales market, demand for rental properties in Dunstable & Houghton Regis remains strong with a shortage of good quality rental properties and many potential first time buyers still struggling to get together sufficient deposit to buy their first home.
Historically, private rented properties were usually taken by tenants requiring a short term housing solution, either whilst being ‘between homes’ or when younger tenants got their first job and wanted to break free from their parents
Nowadays, more and more people are comfortable with accepting that a rental property can be more than just a short term option.
This is good news for our landlords, who are generally keeping tenants much longer, thus avoiding expensive ‘void’ periods and we are seeing many of our existing Landlords looking to invest in a 2nd or 3rd property.
Longer term tenants also tend to look after the property better, treating it as if it were their own, with this in mind, if you are a landlord, agreeing a longer tenancy could be beneficial.
As a result of an improving economy, and some signs of small price increases, more and more investors are starting to appear.
Although rental returns don’t always seem to ‘add up’ the combination of low interest rates, and potential capital growth, mean that investing in property will be always be a popular option.
Two bedroom homes up to a rental of £750 per calendar month and three bedroom homes up to a rental of around £850 per calendar month seem to be the most popular with landlords, and with most of these properties we find tenants within the first couple of weeks.
Average rents have seen a small increase and supply in Dunstable & Houghton Regis remains low, which are both good reasons to consider property as a good long term investment.
Contact Daniel Bourke of the award winning and licensed Belvoir Dunstable Letting Specialists for a no obligation consultation or guidance on 01582 343209 or call into our shop oat 18 Church Street, Dunstable
