Brentwood landlords see rental increases

Buy-to-let landlords in Brentwood are benefiting from increased property sales, according to estate agents in the area.

An increase in property sales in the borough has lead to less rented accommodation being available on the market.

In turn this has meant that landlords have been able to put up rental rates and increase profits.

Local estate agents have put the sales increase down to the area's transport links into central London.

Trains from the area to Liverpool Street station take just 38 minutes.

Adam Johnson, lettings manager at Beresfords, told offplanpropertyexchange.com that the situation has meant that potential tenants have had to move more quickly to secure desirable properties.

This is "great news" for landlords he claimed, as it is likely to mean "void periods" are less likely.

Mr Johnson highlighted a property development in the area called Base was a perfect example of the recent trend.

The estate agent added: "The quality of the properties and their prime location, close to Brentwood rail station, has ensured that they have been a hit with a wide range of tenants, including young professionals, commuters and downsizers.

"As a result, the development has achieved consistently high sales levels, attracting both professional and first-time investors."

Reports in September from LSL property services showed that average monthly rents stood at £669 pounds following a growth of 1.2 per cent on the previous month.

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