Ensure your property is let for the correct market rent
We’re often contacted by individuals and companies who are considering a property purchase, to appraise its rental potential before they sign on the dotted line. The weekly rental of a property can be key to securing finance, hence it’s important to ensure the values you are working with are based on statistical analysis.
As a small team dedicated to property management and with decades of combined industry experience, Pure Property understand the market dynamics which underpin our unique community and which affect the likely weekly rental.
Figures based on facts
In conducting a value appraisal, our team will take into account every aspect of a property and comparable listings, including (but not limited to):
- Number of rooms
Likely tenant profile
It’s also vital for us that we consider an owner’s long-term intention for the property, which can dictate their more immediate priorities. For example, to gain the highest weekly income, the option exists to maximise tenant numbers, however this can come at the cost of additional wear and tear. Alternatively, if an owner is renting the property for the short term, with the intention of moving in eventually, they may want to consider limiting tenant numbers and specifying the demographic they are looking for.
For this reason, we offer an appraisal range rather than a fixed price. Get in touch for an appraisal of your property, or potential purchase.