Local Lettings Property Market Pulse Aug 2019 W/ Roger Tarrier

hello and welcome to this month’s local
rental property market video with me Rogr Tarrier, today we’re going to start
by taking a look on what’s been happening in property market locally
here in Peterborough as well as new properties becoming available. On the
lettings side, the average rental price for the Peterborough area is currently £719
per month which has an increase of 1.1% from last month. The average
rents by property type show rooms averaged at £416 per month, flats
average at £729 per month and houses average’ £847 per month.
There are currently 581 available properties of all sizes in the
Peterborough area with 127 becoming advertised in the last 14 days. 512
of these properties are available for under and including a £1,000
per month, the figures are continuing to show a lack of larger family homes. With
only 37, 4 and 5 bedroom properties available. We’ve continued to see rents
increase across agents portfolios, however this can easily lead to a rise
in tenant turnover with the increased risk of a void, which in turn eats away
at the value of landlord’s property. Our Landlord profit retention plan has seen us pick up a number of new properties all benefiting from stable full management fees, linked to a service that focuses on the asset management of the property and the professional standards of our tenants who we work closely with. We have a
selection of properties available here at Tortoise, we have a 3-bedroom property on Beaumont way on the market for £900 per month and we have an
excellent three-bedroom property available at lady Charlotte Road here in
Hampton on the market for £950 per month, not forgetting a fantastic
one-bedroom at Mountsteven Avenue at £550 per month, a two-bedroom at Bank
Avenue at £685 per month and a brand-new two bedroom property at
Challis close are the new Lakeside Edge development here at Hampton which is on the market for £800 per month. If you are considering taking that step
into renting out your property or interested in becoming a landlord, be
sure to get an idea of the potential rental value of your investment in
today’s market, it is as easy as visiting our website and using our free instant
desktop valuation tool on our website. You can get all those important
estimates in as little as 60 seconds. Thanks for watching this month’s local
rental market pulse and remember to keep up to date with what’s happening here
at Tortoise by following us on Twitter and Facebook or by visiting our
website at www.tortoiseproperty.co.uk If you’d like to know more about our lettings
service or our landlords profit retention plan please give me Roger
Tarrier our call on 01733 59 20 20 to experience our difference and what we
can do for you

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