Tony Wilson – Allan & Bath Branch Manager
The lettings market in Poole and its surrounding areas remains buoyant, with high quality properties continuing to return good yields but also seeing an increase in the length of tenancy.
With many people still unable to raise enough for a deposit and property of their own, more tenants are now looking for their home rather than just a stepping stone. As a result, there is now a real demand for rental properties of a high calibre.
If you are considering a buy-to-let investment, or expanding your portfolio, Poole benefits from a diverse economy and can offer some great opportunities. The region has seen an influx of new employers recently, bringing with them a real appetite for high quality properties, and my advice for investors would be to go for one bedroom properties of a high standard and suitable for professionals.
In addition, places such as Corfe Mullen and Broadstone benefit from sought after catchment areas and with them comes high demand for 2 and 3 bedroom family homes. We are seeing favourable yields of around 6% for both these kinds of properties, which is very appealing when compared to the current low interest rates on savings.
Tenants who cannot afford to buy are now looking for the property to be their home and as a result we are seeing the length of tenancies increase. While this means less void periods, it is essential that the property reflects this. The bathroom and kitchen must be fresh, well presented and in good condition. This will lead to the kind of long tenancies we are currently seeing, not to mention helping you achieve the best possible rent. We are always happy to advise on how you can ensure your property is of a high standard.
With so much to consider it is crucial you consult an independent expert to ensure you are making the right decisions from the start. They will be able to give you free and impartial advice, guiding you through all you need to know to be a successful landlord and see the best returns. You should never rely on advice from the agent who is selling you the property; always seek an independent opinion from a qualified local letting specialist.
Allan & Bath are specialist local letting agents, backed by the Leaders Group, the UK’s largest independently owned specialist letting group. Established by the co-founder of the Association of Residential Letting Agents in 1983 (ARLA), Leaders provides financial probity and rigorous standards in letting and property management. Membership of ARLA, SAFEagent and The Property Ombudsman gives landlords and tenants complete peace of mind.
Tony Wilson has worked in the industry for over 25 years and as manager of Allan & Bath in Poole for the last 10 years. He has an outstanding knowledge of the local lettings market and all aspects of letting.
For advice you can trust on all aspects of letting, renting or buy-to-let please contact Allan & Bath Poole on 01202 687000, email firstname.lastname@example.org
, or pop in for a chat with Tony and the team at 154A High Street, Poole, BH15 1DN.