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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Spencer Fortag
Spencer Fortag 25 Aug 2016

The funny thing is, I mentioned the brick issue in my blog back in April: http://medwayproperty.blogspot.co.uk/2016/04/the-medway-property-market-and-lack-of.html

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SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

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jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

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jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

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TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

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madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

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madisonwelch80
madisonwelch80 02 Aug 2016

?66,963 is a serious price drop However buying a property it a serious investment only small percentage of the UK population could afford.

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madisonwelch80
madisonwelch80 02 Aug 2016

Wow, it kind of surprised me. I mean counting on mom and dad's bank even after retirement is too much. That's the moment in life when one should have ensured themselves. I am shocked.

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AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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