Have you heard? Rents are through the roof! There has never been a better time to be a landlord than right now.
In the last four months, rents have risen an average of 19% compared with the prices of Summer 2021, with the average void period being only 5 days! (Just enough time to ensure the property is clean and ready for new tenants). This in turn means that the value of your property has also gone up and as a landlord you can be achieving an average yield of 4.49%, a huge increase from 2.2% recorded earlier this year. This is absolutely brilliant news for buy to let investors considering purchasing property, how could you not with figures like this?
The buy to let market is thriving so make sure you strike while the iron is hot - right now! Not only will you have a strong rental income each month, but you will also generate capital growth as your property value increases.
We have a property on the market right now which at its asking price of £750,000 and lettings offers flying in at circa £700pw, the yield would be 4.85%. This is higher than any percentages in the last 12 years and this is not factoring any capital growth over the coming years.
Get in touch with our fantastic sales or lettings team today on 0207 370 4000 and they will ensure your property portfolio is performing at its very best.
And if you are in the market for a new property to add to your portfolio, take a look at this property in Sherbourne Court which has a gross yield of 7%! https://www.tlclondon.com/property-for-sale/studioapartment-for-sale-in-sherborne-court-london-sw5-62a28285057958e6e692f172/
