As summer draws to a close, the lettings market is preparing for the busy autumn period. Families are getting ready for the new school year, professionals are planning their next move and many tenants are looking ahead to September and beyond.
For landlords, this makes now a useful time to review how their rental property is performing and whether its current rent still reflects the local market.
Could your property achieve a different rental income?
Rental values can change over time as local demand, new developments and wider market conditions evolve. A property that was competitively priced when the rent was last reviewed may now sit differently within its local market.
Reviewing your rental income is not simply about asking for a higher rent. It can help you understand:
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how your property compares with similar homes nearby;
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whether its current rent remains competitive;
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whether any improvements could increase its appeal; and
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what steps could support your longer-term return on investment.
Any change to the rent must follow the applicable tenancy terms and legal requirements.
Plan ahead for the autumn lettings market
With autumn approaching, a rental review can give you a clearer picture of your property's current position before making decisions for the months ahead.
A professional rental valuation will consider the property's location, condition, size and features, alongside current demand and comparable homes in the area. This can provide useful evidence when deciding whether to leave the rent unchanged, make improvements or consider a change at the appropriate time.
Get an online lettings valuation or find your local Your Move lettings agent.
Consider how your rental income is protected
Reviewing your property's performance is also an opportunity to consider how well its rental income is protected. Even a reliable tenant's circumstances can change, potentially leading to missed payments.
Rent Protection and Legal Expenses Insurance* may provide additional peace of mind if a tenant falls into arrears, subject to the policy's eligibility criteria, terms and conditions.
Speak to your local Your Move lettings experts to learn more about the cover available and whether it could be suitable for you.
Find out what your property could achieve
Whether you are preparing for a new tenancy, approaching a renewal or simply reviewing your plans, an up-to-date rental valuation can help you make an informed decision.
Find out what your property could achieve by booking a free, no-obligation rental valuation with your local Your Move lettings experts.
Your-Move.co.uk Limited is an appointed representative of Pivotal Financial Limited. Pivotal Financial Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 665649. Pivotal Financial Limited is registered in England (no. 9157892). Registered office address for Pivotal Financial Limited is 25 Christopher Street, London, EC2A 2BS.
*This insurance is provided by Irwell Insurance Company Limited, administered on behalf of Irwell by Addept Insurance Services Ltd. We arrange the policy on your behalf and support Addept in administering the insurance contract.
The Your Move Content Marketing Team
