Page 65 - ESPC Training Booklet

LETTING ADVICE SOUTHVIEW,

LANDLORD FAQ SMITHS ROAD, DARNICK, MELROSE, TD6 9AL

In these uncertain times, you may be wondering what’s happening in the rental market and whether OFFERS OVER £310,000 4 2 2 F
now is a good time to invest in a buy-to-let property. Nicky Lloyd, Head of ESPC Lettings, answers
some commonly asked questions from landlords.
ESPC PROPERTY

WHAT TYPE OF TENANTS
ARE LOOKING TO MOVE?
The enquiries we are
receiving indicate that all
types of tenants are looking
to move, including families,
professionals relocating to
Edinburgh and students
returning to study.

HAVE RENT LEVELS BEEN
AFFECTED?
Average rent has generally
remained steady in Edinburgh,
with most properties achieving
the same levels as before
WHAT IS THE RENTAL tenants indicating demand the lockdown restrictions.
MARKET LIKE NOW? for properties is strong, which We’ve also seen some popular
Due to the impact of brings me to... properties achieve better rents
than previously.
COVID-19, some of the
processes associated with HOW MUCH DEMAND
the rental market have IS THERE FOR RENTAL IS NOW A GOOD TIME TO
changed, including viewings PROPERTIES? INVEST IN A BUY-TO-LET
and applications, with Generally, the Edinburgh PROPERTY?
viewings being conducted rental market is busy with It’s difficult to predict what
virtually at first. many enquiries coming will happen in the near
through, meaning demand future. However, my advice
Time to let is generally a bit is strong. This is likely due to investors on this is that The aptly named Southview sits within Darnick on the outskirts of Melrose. This period
longer than previously, with to the pent-up demand now is as good a time as any.
people noting interest in following the relaxation of Remember that an investment property offers a unique home with character features blending with modern upgrades,
more than one property at restrictions on the property in property should be a long a charming south facing garden with impressive outlooks of the Eildon Hills and well
a time in a bid to try and market. It is possible that term consideration. considered renovations throughout making it an excellent find for those looking to settle in
secure one. This can result in lockdown meant tenants
delays when trying to move re-evaluated their living Find out more about ESPC the rarely available and popular village, perfect for family living or enviable country escape.
forward with an application requirements and are now Lettings at espc.com/lettings
and people withdrawing looking for a property that or contact the team on Viewing Information
interest. However, there better suits their needs. landlord@espc.com or
are lots of enquiries from 0131 253 2847. Telephone Hastings Legal on: 01573 225999
Email: enq@hastingslegal.co.uk
64 ESPC.COM 65