What's the rental value of my home?

A sure way to find out is to book a rental valuation from your local lettings agent. With the market in flux, it’s wise to get a valuation regularly or as your property changes.

When deciding the rental value of your property, ensure that the rent you charge covers your buy-to-let mortgage repayments as well as maintenance, insurance and any agent fees.

A sure way to find out is to book a rental valuation from your local lettings agent. With the market in flux, it’s wise to get a valuation regularly or as your property changes.

When deciding the rental value of your property, ensure that the rent you charge covers your buy-to-let mortgage repayments as well as maintenance, insurance and any agent fees.

When you book a rental valuation with agents through Property Price Advice, it’s completely free.

If you own a property that you’re thinking about renting out, working out how much rent you should charge tenants isn’t always straightforward. This is made trickier if you’re just starting out as a landlord or if you’re renting out a property that hasn’t been on the market in some time.

The most accurate way to find out the value of your rental property is to book a lettings valuation, choosing a selection of local agents who can put their knowledge and expertise to use.

While online calculators may give you a rough figure, having a lettings agent to view the property (virtually or in person) will give you a more accurate figure. It’s a good idea to talk to them to get a feel for the rental market in your local area and find out the current rent for comparable properties.

Lettings agents will put their expertise and local knowledge to use to provide you with an accurate figure for how much your property is worth. They’ll consider the location, the property condition, age, size, appliances, local amenities, and whether you rent your property furnished or unfurnished.

The best way to find out what the average rental value is in your local area is to talk to a local lettings agent. They keep their finger on the pulse of market changes and will be able to not only reveal the average rent, but advise on what your rent charge could and should be.

Keep in mind that larger properties with more features and in more desirable locations will command higher rental prices. For example, a house with a garden will cost more to rent than a flat in the same area. If you’re a first-time landlord or are new to the area, it’s wise to talk to your local lettings agents.