This is a question we are asked by many landlords in so many different ways!
What with landlords facing increased costs through removal of tax allowances, changes in calculating your tax due on your property investments and the additional stamp duty, now is a good time to think strategically about your rental property and the demand in your local rental market. Many landlords say to us "even a small rental increase would be welcome"
This property in Marton had been let through The Letting People for some years and was in need of some updating work to attract professional tenants for a further 7-10 years.
Following a new kitchen, flooring, installation of gas fire and other refurbishment works this property was ready to go. The rental value increased by £250 per calendar month giving a return on the investment in just under 2 years.
Click here to view images of this property both before, and after! https://www.thelettingpeople.co.uk/userFiles/property_refurbishment_marton.pdf
On launching back on to the rental market, the property attracted immediate attention from professional tenants looking for an updated village property that was ready to move into – and was let in 1 day.