From 2012 to 2016 the average rental prices in Dunstable and Houghton Regis have increased by 25% with 3 bedroom semi-detached rental prices increasing by 30%
Earlier this week one of our overseas landlords with a portfolio of properties in various areas of the UK called in to my shop in Dunstable. He is looking for further properties to buy as some of his investments are maturing and he has decided that property continues to be a good choice based on the returns he is currently receiving.
We discussed how the rental prices of all property types in Dunstable and Houghton Regis have increased substantially in the last 12 months and I carried out some research for him to show how his various properties had performed which also seemed to be a good opportunity to carry out an assessment of the most popular and in demand property types.
The graph shown and the figures in the table show that prices had been fairly steady until 2014 when they began to increase and have in the last year shown a marked jump in asking rents. Over the time from 2014 to 2016 most property had seen their asking rents increase by 25%, but 3 bedroom semi-detached houses have seen an increase of nearly 30%.
Having looked deeper into the number of properties available for rent each year and my experience and knowledge from talking to tenants it became obvious that there are a number of key factors:
Like most of our landlords he believes in providing good quality well maintained rental accommodation and is now looking to add to his portfolio in Dunstable or Houghton Regis. Having been impressed by what he had seen I am now tasked with finding his next investment purchases that will attract good quality reliable tenants who will also care for the accommodation he is providing.
Daniel Bourke is the owner of Belvoir Lettings Dunstable and in his previous career in Architecture he was an Associate in a leading London Architectural practice