Renting a property is no longer considered to be “money down the drain” and indeed in this uncertain residential sales market the rental property sector in North West London is booming as tenants are tending to rent for longer periods than before.
Paramount, like most other letting agents, are experiencing increased tenant demand but are suffering from a shortage of affordable rental properties in the London NW6 area.
Families look to rent properties within catchment areas of the best local schools whereas young professionals seek properties close to train links and also local amenities such as coffee shops, bars and restaurants.Other factors such as improvements to an area as has happened in West Hampstead with the soon to be opened Thameslink station only add to the overall marketability of a rental property.
”West Hampstead has so much to offer young professional families and couples, with excellent schools, colleges, shops and pubs and fast train service to the City and West End of London. It’s an area always in hot demand,” commented Spencer Lawrence, Lettings Director at Paramount Properties in West End Lane
”Paramount have experienced an exceptionally busy September culminating in our best ever month, as a result of this activity our current list of stock is low. We urgently need Landlords with affordable one and two bedroom properties to rent out in West Hampstead and the surrounding areas as we still have a significant number of good quality applicants on our books. With rents improving by circa 10% in the last six months its certainly a good time to be renting out a flat apartment or house, ” he continued.
If you are currently unable to sell your property, why not rent it for a year and re-market with a fresh approach in 2012. In the meantime your mortgage and outgoings will be paid for you by the tenant, the legalities can be looked after by a registered ARLA rental agent, and you can relax and get on with your life.
”If you are thinking about renting out a property, preparation is important. The flat or house to be rented out should be decorated and carpeted in neutral colours; with white goods, window coverings and light fittings in place and the garden tidy. If the rent is realistic it will only be a matter of days before new tenants are collecting the keys and moving into to their new home.”
Spencer added, “Individual tenant queries can be dealt with swiftly by a dedicated lettings negotiator. We can answer all the questions that arise regarding the obligations and responsibilities of the tenant during the tenancy. Similarly the day to day issues and problems with the central heating, plumbing and other maintenance issues are dealt with by a dedicated property manager. Our specialist property management services leads to a streamlined and efficiently managed tenancy that keeps landlords & tenants happy.”
Please feel free to contact Paramount Properties without obligation for advice on renting out flats, apartments or house in Hampstead, Kensal Rise, Kilburn, Little Venice, Maida Vale, Mapesbury Estate, Queens Park, South Hampstead, St Johns Wood and West Hampsteador or to arrange a rental valuation.
