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  • Property Yields

    Rental market insights - new landlord tool



    A new tool has been launched today to help landlords understand rents in any given area.

    Produced by Landbay, the "Rent Check" tool enables landlords to ensure that they are receiving sufficient market rent for their property by comparing their own rental income against others in their region.

    The postcode search widget works by using UK wide data from Landbay’s monthly Rental Index, powered by MIAC. The index maps annual and monthly trends in advertised rents, both geographically and by bedroom number. 

    I went to get a rental quote for one of our properties in London, and found that the data given was fairly accurate, bearing in mind that the flat I used is extremely small - probably the smallest in this post code:



    The listing on Rightmove confirms that our flat (Tinniswood Close) is the cheapest one bed flat in the area by £50.00 pcm.

     
    There was some other interesting data to be had:

    Rental market changes

    Keeping pace with how the rental market moves, the data below shows biggest changes to regions where rental value has increased and decreased in the last year.



    Find out more by visiting the Rent Check Tool. 

    Perhaps Tribesters can share their own results and comment on the accuracy?

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**