For how much can you rent a flat that is worth £150,000 and £180,000, respectively around London?
Related articles:
- How much is fair rent for a flat in Manchester? What do you (or what would you) pay for a place in Manchester? I might sign a lease for £81 weekly for a tiny single studio flat in Manchester...
- How much will it cost to rent a flat in Paddington area (London) for a month? I’m planning to move there. Can anyone give me information about the monthly cost of renting a flat near that area in London? And maybe how much does it...
- If i bought a freehold groung rent for £12,000 does and 50 years left on lease,will i be able to rent the flat? be able to rent the flat out to someone until the lease finishes, i saw a property freehold with 50 years lease remaining and £150 a year ground rent...
- What are good areas in London where to rent a flat? Hello, I need to rent a flat in London with 2 other friends. What are good and cheap areas where to live? It doesn’t matter if it’s North or...
- how to rent a flat in london for a short time ? a known sri lankan person to me has got a job in a east london hosptital for three months (mar, april, may). he needs to rent a flat (lives...
August 8th, 2009 at 5:00 pm
Funny enough, rental value has little to do with the price you paid for it
Although location (= price) does have some effect (especially if you are near to railway stations / underground with a link to London), the main factor is the number of bedrooms … a 2 bedroom (even in a poorer area) will usually attract more rent than a 1 bedroom …
Typically ANY flat around London will attract higher rents than anywhere else in UK.
Factors that also have some effect are the size of rooms, the overall ‘finish’ (how ’smart’ it is) and the facilities (en-suite, bathroom, kitchen, off-street parking etc.)
August 11th, 2009 at 4:52 pm
I totally agreed with the other contributors.
All depends on number of bedroom, location, number of bathroom, double glazing, central heating…
But in general (there are expections)….if you paid £150 000 and £180 000
You could try to rent your flat in London for:
£150 -180 pw
Push it even higher in September to feel the market…you might get some nice surprises. (if you don t try in September…then stay in those £150-180 range)
All the best
August 11th, 2009 at 6:37 pm
As above…. You need to speak to letting agents to really know the markets, particualrly how they are moving.
“Manchester” and “London” are to broad an area to give any indication of average rents, if you have specific areas in mind check out something like to see what other properties are making.
If this is for investment purposes I would also consider equity returns as well - as in the long run they can make the difference.