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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brandonlee10
brandonlee10 24 Jul 2017

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IrisJ.
IrisJ. 19 Jul 2017

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IrisJ.
IrisJ. 17 Jul 2017

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cornishalan
cornishalan 10 Jul 2017

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Jo Mullett 07 Jul 2017

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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jason hadzikostas
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The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

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Bertrand
Bertrand 02 Jun 2017

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"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

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