Landlords who are able to offer a property to let in Faringdon stand to enjoy a substantial return on their asset.
That is the view of local property expert, Sharon Jackson, branch manager at Perry Bishop & Leaders in the town, who said immense tenant demand in the region is leading to properties being snapped up in record time and rents being agreed above the asking price.
In particular, Sharon has identified two and three-bedroom houses as being subject to the highest levels of demand, with tenants clamouring to secure these as soon as they are placed on the market.
“Quality properties with two or three bedrooms are attracting dozens of enquiries and almost as many viewings and applications,” Sharon explained. “Many of our landlords are able to pick the perfect tenant for their property from a selection of applicants.”
The branch recently secured a suitable tenant for a two-bedroom house on its first viewing, less than 48 hours after it was made available for rent.
And this was certainly not an isolated incident, as just last week a two-bedroom period cottage in Faringdon attracted more than six viewings within 24 hours and eventually let for £875 per month, £50 more than the asking price.
“Market conditions are perfect for landlords at the moment, and I would advise anybody who has a property in Faringdon to consider putting it on the rental market,” Sharon stated.
“You can be confident of strong tenant demand and of achieving your rental asking price, helping to make letting out a property a significantly more lucrative option than many other types of investment.”
Perry Bishop & Leaders in Faringdon offers a full range of services to landlords in the region. The firm’s extensive marketing activities and national network of branches ensures your property is put in front of the largest possible audience.
“Our highly experienced and local team will strive to secure a quality tenant, to meet all legal responsibilities and to ensure you achieve your ambitions in the property market,” added Sharon.
For more information on becoming a landlord or making a buy-to-let investment, please contact Perry Bishop & Leaders in Faringdon.