Rentals & Regulations

Are you getting the right amount of rent from your investment?

With demand in our area at an all time high, a falling supply means that rents have naturally increased. I have recently calculated that average rents on three bedroom houses in town locations have increased by 4% year on year from properties that Barbers alone have let. Irrespective of that, I am still staggered when I speak to landlords who have rented to the same tenant for many years that they haven’t reviewed the rent at all in that time. I understand that having a good tenant is of paramount importance and sometimes more of a priority than the maximum return on the rent. However, keeping apace with the current market and reviewing the rent annually is better than trying to hike it up drastically after five years! Nationally, rent rises have eased a little in the last quarter with rises on average up by just under 2% in the three months to August.

In Newport we have seen more former student houses on the market and we are generally letting property quicker than we can

replace the stock.

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