Page 30 - February 2022

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EXPERT ADVICE INTERIORS INSIDER

Dressed for

Planning on selling this year? Read these top tips first,
to make sure your home stands out from the crowd.

I f about making a this, but it makes
thinking
you’re
moving
so
much
move to a new home,
The Scottish Rental Market Update: Q4 2021 chances are, you’re also easier! To declutter
effectively,
at
look
thinking about selling items in batches, such
The latest Citylets data is in, and Nicky Lloyd, Head of ESPC Lettings, your current property. as papers (like receipts,
takes us through the stats for the final quarter of 2021. But with so many people bills or old greetings
on the move (property cards), books and
sales volumes were up clothes. Being practical
he latest report from Citylets presents According to the Citylets report, rental rates in
a frenzied picture of the Scottish rental Edinburgh grew by 9.8% year-on-year, to create by over 40% in 2021), but ruthless means
you’ll soon minimise
it’s more important than
Tmarket for the final quarter of 2021, with a new average all-time high of £1191 per month. ever to ensure that your your clutter.”
stock levels at record lows (just 32% of the Four-bedroom properties saw the biggest annual
levels seen in Q4 2018), time to let dramatically growth of 17.8%, taking their new average to home is ‘dressed for
declining, and competition and prices rising. £2142. Edinburgh’s time to let dropped to 11 days success’. Repair and replace
on average – 22 days faster than 2020 – while one- Before the Home
The Scottish average rent rose 5.9% to bedroom properties let the fastest at an average The need for your Report is ordered, make
£869pcm, while the average time to let of just 10 days, with 59% letting within a week. home to stand out a list of any necessary
dropped to 17 days, down 11 days on the same from the competition repairs. There might
time in 2020. Combining Citylets and ESPC data, we can reveal is compounded by be some bigger jobs,
that two-bedroom properties in EH4 produced the presence of virtual tours, which allow but small tweaks can help your home look
Demand was high for properties of all sizes the best rental yield at 7.1% on average, closely prospective buyers to analyse your home its best. Fix creaky floorboards and hire a
(and potentially dismiss it from their shortlist)
carpet cleaner, and think about the walls -
across Scotland, but in particular, for one- followed by three-bedroom properties in EH11, without stepping foot in the door. To entice fill any holes from picture hooks and touch
bedroom flats. Across the country, 46% of with an average yield of 6.7%. buyers, your home needs to look its most up paintwork scuffs for a pristine finish.
one-bed properties were let within a week, and desirable from every angle, so you can show
their average time to let was the lowest at just Outside of the Capital, West Lothian saw more it off in all its glory, whether online, in the
16 days. There was also huge demand for larger modest growth over Q4 2021, with a seemingly photographs or in person. “The kitchen is one of the main rooms
family homes, with three-bedroom properties more manageable level of demand. The average buyers will look forward to viewing, so if
reporting the highest year-on-year rental rental rate was up 2.6% year-on-year, to £769, yours is looking a little tired, consider a
growth of 7.3%, and all property types letting in while the average time to let dropped by three Declutter revamp,” says Ally Dowsing-Reynolds, co-
under 20 days. days to 13 days on average, with one-bed Decluttering is an essential part of the pre- CEO at Dowsing & Reynolds. “Repainting
properties letting in 11 days. sale process. “It’s the most impactful way to the units and replacing the door handles
create a sellable home and it’s amazing how it will instantly give the space a fresh look and
changes an environment,” says Amy Stansfield, will be attractive for buyers searching for
ESPC Lettings is an Edinburgh letting agent. We can help with marketing your rental property and finding the right tenants. content creator at Wallsauce.com. “Not only somewhere they can move straight into.”
Contact the team on 0131 253 2847 or landlord@espc.com.
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