This blog follows the property market in Northampton with a particular emphasis on buy-to-let. On here you'll find general commentary about the market, plus properties that may represent decent buys. I own a large estate agency in Northampton and am myself a landlord with an established portfolio. If you're looking to invest, but are unsure what will work best, I'm happy to offer a (free) second opinion. If you have a property to sell I can help with that too! Email richard.baker@belvoir.co.uk

Friday, 5 September 2014

Properties Required in Rugby

HELP! WE'RE OUT OF PROPERTY!

We appear to be a lettings agent with no properties to let! This isn't usual - we've never been in this position before in 10 years of trading - and it's a reflection of the high demand that currently exists for rental properties. (If you're wondering whether to invest, here's one indicator that shows you shouldn't be short of a tenant).

We manage just short of 300 properties in Rugby and at any point in time usually have 10-15 available for let. We've had a busy couple of weeks and literally have nothing left. I'm sure that by the time this prints someone will have given notice, so we'll have something available, but that won't change the general theme that we're really short of properties. Importantly also, our rental arrears are practically zero - so we're still maintaining tenant quality despite the fact that everything is letting.

If you have a property that you're struggling to let, please let us know. At the very least it give will our negotiator something to do! We're more than happy to visit any property in Rugby and the surrounding areas to assess rental potential, and if it is a property you're
struggling with we'll offer sensible and honest advice regarding how to get it tenanted.

Richard Baker

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