Are you achieving market value for your rental property?
As you all know, the housing market has been showing significant increases in house sales and house prices, all across Northern Ireland.
Not only has the price of houses increased, but so has the price of renting. Average rent across NI, for all property types sees an impressive annual increase of 5.8% and a quarterly increase of 1.3%, in Q2 of 2021.
In our local area, Armagh, Banbridge and Craigavon area, rent has seen an annual increase of 3.6%, and a quarterly increase of 1.7%.
According to Property Pal's 'Housing Market Trends Q2 2021', the average rental price in this area is £538 per month.
When is the last time you reviewed the price of your rental property?
Your property may be below the current market value, why not give us a call and we can arrange for an up-to-date rental valuation to take place.
Do you know the average rental prices in Northern Ireland?
Based on the average rental prices in NI you could be generating:
Two bedroom house: £564 P/M
Three bedroom house: £642 P/M
Four bedroom house: £920 P/M
Get in contact with us today to arrange a rental valuation!
If you have any queries regarding any of our services or fees, please do not hesitate to contact us.
At Hannath's, we strive to create a tailored service based around our client's needs. With this in mind we have created a service selection menu, which can be used to help guide you to the service which best fits your requirements.