By Take a look at our valuable heat map tool which provides a comprehensive overview of rental trends, helping landlords set competitive rates, tenants find the perfect spot, and homeowners understand their local market.
Considering that Torbay rental prices across the board are still rising, albeit at a much steadier rate than in recent times, it is interesting to see where the more affordable rents lie in comparison to some of the more affluent areas. With a vast range of rental values in a relatively small area, as a Landlord, how do you know where to base your portfolio or purchase your investment property?
Torbay is quite unique in the sense that prices can differ vastly even in adjacent streets, so it is always important to get an expert opinion. Whilst location plays a big part in valuing a home, there are many different factors that are taken into account when working out:
a) how ‘rentable’ a property is
b) the quantity and suitability of applicants you will receive on your property
c) the final market value
At Absolute, our team can offer free, no-obligation advice to investors seeking a property to purchase. We are also proud to offer a service in which we look at any potential properties and give you a free investment review. In this review we will discuss: potential yields of any properties you are considering, their approximate rental values, rental suitability and any potential works that might be needed. This is an excellent option if you are looking at a few different rental properties in the area and would like assistance in weighing up the options available to you so that you can find the ‘perfect rental property’.
If you’d like to speak with one of our team, please don’t hesitate to give us a call on 01803 214214 or send an email to lettings@movewithabsolute.co.uk
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