A property’s condition is very important to more than 50% of British renters

 

The state a rental property is in is the most important consideration for new tenants in the UK private rental sector, followed by a landlord’s quality and value for money.

A research has revealed that 52% of tenants think the state a rental home is in is extremely important to make a decision to rent whilst another 46% say having a reliable, good landlord is equally as important.

https://www.buyassociation.co.uk/2016/11/18/good-tenant-bad-tenant-infographic/

Property agents Your Move compiled the survey and furthermore stated that 45% of renters want value for money and 38% say the property’s location is extremely important.

Another 31% stated parking is extremely important to them, 24% are looking for a low maintenance home and 20% want good storage space.

Things that are not as important to tenants are: having a garden, communal space and any additional services. Only a mere 17% rated having a garden as extremely important, 10% named communal space as the main factor and 7% were looking for additional services.

The research also stated an overall high level of satisfaction amongst its participants. A total of 66% of renters said they were either happy or very happy with their current living situation. In comparison, only 10% answered the same question saying they were unhappy and 5% said they were very unhappy.

“It’s not just about where you actually live anymore, but also the condition of the property as well as whose roof you’ll be living under, that are collectively important to tenants these days,” said Valerie Bannister, head of lettings at Your Move .

https://www.buyassociation.co.uk/2016/09/22/rising-age-generation-rent/

“As the rental sector continues to grow, so do people’s expectations of what a property should offer them and it’s understandable that landlords who present and maintain their properties and who even consider the lifestyles of their prospective tenants will be viewed more favourably than others,” she pointed out.

It reflects our findings that the landlord’s willingness to respond to reasonable requests from tenants, for property improvements etc. is viewed as extremely important when a tenant makes their decision to rent.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

A property’s condition is very important to more than 50% of British renters

A property’s condition is very important to more than 50% of British renters

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.