Top priority of tenants revealed

Top priority of tenants revealed

New research from PropertyLetByUs has found that wanting a good education for your children is not just the preserve of middle England home owners. In fact, 70% of tenants said they wanted to live in the catchment area of a good school.

Home owners are prepared to pay 18% more for a property to secure an address in a ‘preferred catchment area’ – and one in four parents of school-age children have coughed up, according to a recent survey of 4,750 adults by Santander. The charity, New Schools Network, have said that parents often take ‘extreme measures’ to get their children into a good school.

The research also shows that the other key priorities for rental location is being close to friends and family (69%), followed by being close to work (50%), low crime rate area (38%), near a children’s park (33%) and close to shops and amenities (30%).


Jane Morris, Managing Director of PropertyLetByUs.com had this to say: “It’s no surprise that being in the catchment of good schools is so important for tenants.  Rental properties that are in catchment areas are in demand and often command higher rent prices.

It’s long been clear, that many parents will do whatever it takes to get the best education for their child, even if it means lying about where they live, or relocating, so they can be close to a good school.

We have worked with some landlords that were unaware that their properties were in catchment for good local schools and we have been able to secure higher rents and longer tenancies for them.  The school league tables can change each year, so it is worth landlords keeping an eye on the performance of schools in their area.”

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Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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