RENTAL VALUATIONS & RENTAL YIELD
Sherratt Properties offers a FREE rental valuation service.
Before purchasing or letting a property it is important to calculate the rental yield. Rental yield is a % figure of the return you get from your property. It offers a useful way to assess your property to evaluate market value and also offers some guidance…..
Rental Yield = (Monthly Rental Income x 12) / Property Value
A good rental yield from a single let property is around 7%, however the rental yield is much higher at around 12-15% for HMO properties. Additionally landlords are less impacted by void periods and have less exposure to arrears.
Due to an increase in the demand for house shares we often run at 100% occupancy and if you are a landlord we need you!
For a free rental valuation – get in touch.