How well is the South East rental market performing?

The sun has been shining and I hope you have all been enjoying!

High media coverage continues regarding the Renters Reform Bill and what that means for Landlords and panic seems to have set in for some. My advice….Don’t panic! It is years away yet from being introduced and like I have said before, when you look at everything in detail and speak to people that can give the correct advice, its no reason to jump ship from being a Landlord. Read my previous blog on the bill here.

In this week’s lettings update we take a look at how the South East rental market is performing, a snapshot of some of the best buy to let interest rates out there, investment properties that are worth taking a look at and other news to take note of. Read on for more details;

South East rental stats – 1^st June 2023 to 15^th June 2023

6587 new instructions on the market with an average asking rent of £1559.00pcm

5738 lets agreed with an average rental price of £1505.00pcm

GU and RG postcode areas still outperforming most others in the South East

If you have a property to rent or are looking to buy an investment property in the South East then get in contact with me and I will be able to tell you statistics for that type of property in that specific area to give you an understanding of what your property can achieve or if your investment would be worthwhile.

Top Buy to let interest rates as of 14^th June 2023

Investment properties of the week

One bedroom apartment in Slough. £154,950. High demand rental property that could achieve £850pcm giving a yield of 6%. Click here to view.

Great condition, one bedroom apartment located in East Reading that’s a short walk away from the town centre. £160,000. Could achieve a rent of £900pcm giving a yield of 6.7%. Click here to view.

High in rental demand, 2 bedroom apartment located in Swindon that’s close to local amenities and good transport links. £160,000 and could achieve a rent of £850pcm giving a yield of 6.4%. Click here to view.

Other news

Rental market set to benefit as buyers hit by cost woes. Click here to read the full article.

Big increase in “good EPC” buy to let mortgage borrowing. Click here to read the full article.

Advantages of Filing your Self Assessment Early. Click here to read the full article.

Why abolishing Section 21 isn’t all bad news for Landlords. Click here to read the full article.

Advice Hub and Landlord page

Check out our advice hub on our website where you will find useful information and videos to do with sales and lettings and check out our Landlord page to find out more on how we do things differently to a traditional estate agency and request an instant, virtual or in person valuation.

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Again, If you need any help with anything Lettings, Investments or Developments then get in contact with me and I will be more than happy to help. Make sure to follow our socials and podcast, so you never miss out:

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All the best,

Andy Brown