Jump to content
House Price Crash Forum
Sign in to follow this  
Gavin123

What Is A Fair Rental Price

Recommended Posts

Just wondering how to work out what is a fair monthly price to pay for a rented property. It seems that theres not much difference in price between an ex council house and a reasonable detached house. How do EA's calculate the rental prices?

I know demand for rentals is strong at the minute, but is there still room to negotiate on the price?

Share this post


Link to post
Share on other sites

Just wondering how to work out what is a fair monthly price to pay for a rented property. It seems that theres not much difference in price between an ex council house and a reasonable detached house. How do EA's calculate the rental prices?

I know demand for rentals is strong at the minute, but is there still room to negotiate on the price?

If you find there to be little difference between ex coucil houses and reasonable detached houses in your area you obviously go for the better house. The thing is, so does everybody else leaving little competiton for the ex council properties. This gives you room to negotiate on them. If you can move into a propertie straight away this is a good bargaining tool. Most landlords will exept a lower offer if the rent starts flowing straight away. Be careful though as the rent can be put straight back up after the initial cotract has run and you are settled.

How do EA's calculate the rental prices?

In this case badly it seems.

Edited by Bear in mind

Share this post


Link to post
Share on other sites

If you find there to be little difference between ex coucil houses and reasonable detached houses in your area you obviously go for the better house. The thing is, so does everybody else leaving little competiton for the ex council properties. This gives you room to negotiate on them. If you can move into a propertie straight away this is a good bargaining tool. Most landlords will exept a lower offer if the rent starts flowing straight away. Be careful though as the rent can be put straight back up after the initial cotract has run and you are settled.

How do EA's calculate the rental prices?

In this case badly it seems.

The difference is around £100 per month betwwn an ex council and a decent detached house - which in comparison to the value of the property - doesn't seem to bad.

Rentals that i've looked at range between £400 for a terrace house up to £700 for a large expensive detacehd house (i'm quoting the 2 extremes). What is the maximum rental value that most are prepared to pay - does £700 a month seem excessive for rent - or is around the £500 mark a comfortable amount considering that someone else owns it?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.