What Type of Properties Are Tenants Willing to Pay More Rent For?

The COVID pandemic and the Cost of Living Crisis has caused home buyers and tenants renting privately to reassess what they want from their home.

Private rental tenants are willing to pay more rent for a property with outdoor space, proximity to leisure, entertainment, energy efficiency, and the running costs of the home according to a recent survey by JLL.

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Buy-to-Let Property with Access to Green Space

51% of those surveyed viewed access to shared green space as being an important factor when deciding on a rental property, including communal gardens and parks.

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City Centre Buy-to-Let Property

The majority preferred living in city or town centres as opposed to suburban. This is due to the amenities that living in a central location offers, including restaurants, bars, cafes, shops and public transport links, in addition to the proximity of their workplace.

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Buy-to-let Property with Excellent Transport Links

Public transport links are also a major factor, with 51% of those surveyed viewed easy access to public transport being very important, especially given the increased cost of running a car.

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Energy Efficient Buy-to-Let Property

With the Cost of Living Crisis, demand for energy efficient homes has surged, with 66% of those interviewed viewing lower household expenditure on utilities as being critical as the energy price caps are now revised on a Quarterly basis. New build homes are built to increasingly high energy performance standards, reducing the cost of running a home.

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New Build Buy-to-Let Property Investment

Regency Invest offer a wide selection of city centre properties that are close to local amenities, energy efficient to keep costs down and with landscaped gardens providing all important green space.

Click here to explore our latest new build buy-to-let investment properties.

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