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ASHINGTON PAGE LANDLORDS IN BEACONSFIELD

Rental Update for October 2021

So October is here and we have hit the ground running!  The weather is being as unpredictable as the rest of Summer has been, with a mini-heatwave bringing the dilemma every day of what to wear without being too hot or too cold!

Property wise, the September trend is continuing, with an even bigger increase in stock levels from tenant churn, meaning that we could re-let homes, as opposed to seeing new stock coming to the market.  That said, we have seen a levelling out of the sales market and 26% of homes for sale in the locality, have seen price reductions, for the first time since lockdown ended.  Of course, we all predicted that the huge influx of new property buyers from the stamp duty holiday – which pushed up prices by almost 10% – would come down again once that ended (30 September) – but it’s encouraging to see more investors returning to the buying scene.

If you are considering investing in Beaconsfield and would like some advice on the current tenant trends, please get in touch with Claire on 01494 685518 or email: claireW@ashingtonpage.co.uk.

INVESTMENT OPPORTUNITIES:

Rental Market Update Beaconsfield October 2021

The above apartments would both suit a rental investor, not only offering decent yields for our area, but also long term capital growth.  Both have been fully refurbished and are presented in excellent condition.

STRETTON CLOSE

  • Purchase price: £399,950
  • Rental price: £1,350pcm
  • Gross yield: 4%

CARDAIN HOUSE

  • Purchase price:  £375,000
  • Rental price:  £1,150pcm
  • Gross yield: 3.7%

Please note that these properties will be removed from the website once they are sold, but we always have more great deals available for our investor clients, so if the property links are no longer active, please see our current stock HERE or give the sales team a call to discuss your requirements on 01494 680018.

Rental Prices

Data released by rental giant Goodlord this week showed average rents have hit an annual high at £1,104 per month in September, despite falling in some regions and the rental market slightly cooling from the Summer frenzy.

Voids increased slightly too compared to August but remain lower compared to annual averages. Overall reports show the rental market is much stronger than in September 2020. Tom Mundy, COO at Goodlord, commented:

“The year on year trends for the rental market are hugely encouraging. The void and rental averages in September 2021 compared to last year show just how strongly the market has rebounded. Rents are currently very high, on average, and void statistics continue to be lower than we’d expect, which sets the market in very good stead ahead of the winter months.”

Here at Ashington Page, we are experiencing high demand from families moving into the area by end of October. This month will be one of the busiest for move-ins this year.

Rental Market Update Beaconsfield October 2021

 

Legislation Update

Claire has put together an update of all lettings legislative amends for October and coming up 2021/2022 which you can read by clicking HERE