Page 22 - David Burr Rooftops Winter/Spring 2021/2022

Our letting
service is
the one to
choose
by Rachel Suff
Life is slowly starting to return to normal and it has certainly been a very busy period for the rental market, with rents continuing to climb indicating that the market is strong heading into autumn. Meanwhile, September is the deadline month for many major pieces of Covid-19 legislation impacting the private rented sector, with the standard notice period dropping to two months and the Coronavirus Job Retention Scheme coming to an end. The Queen's Speech also confirmed that proposals for the Renters' Reform Bill will be released at the end of the year.
The rental market roared back to life in May after a steady start to the year, despite the sales market taking centre stage following the stamp duty induced frenzy. The increasingly strong performance for lettings is set to dominate the narrative. Across the country, void periods remain low and rents continue to be more resilient than predicted showing a record high for the third month in succession. The average rent in the East of England is now £1,001 pcm, which is up 8.5 per cent on the same time last year. There are also signs of recovery in London, which appears to have stemmed the falls seen during the peak of the pandemic. Demand for all types of rental properties is still outstripping supply and we are now seeing unprecedented demand for housing stock and landlords.
Challenges do lie ahead, the Furlough scheme coming to an end supported around 2 million people which will no doubt see an increase in rent insurance claims and evictions. However, consistent yields over the long term coupled with capital appreciation have only bolstered confidence in the industry even in the face of the disruption we have had over the past 18 months. On the whole the private rented sector has been exceptionally resilient throughout the pandemic.
The lettings team at David Burr offer a service built around the needs of each individual landlord. We aim for a long term business partnership with all of our clients.
Each property is unique and requires a different approach and type of tenant to ensure it is let swiftly, to not just the first but the right tenant. Over the past 25 years, we have handled thousands of individual properties and this experience ensures we consistently deliver our clients a first class service.
Please contact the management team to discuss any of your letting or property management needs.
Rachel Suff Director
Whether you are a new landlord or have existing properties that require letting / managing please contact the Lettings Team on 01787 888694 for further information.
Clopton Cottage, Bury St Edmunds
A one-off opportunity to reside in a true piece of local history. Clopton Cottage stands at over 3,000 square feet and forms the Western Wing of The Deanery, occupying an unrivalled location just a stone’s throw from the Abbey Gardens. The property has been newly renovated and is arranged over two floors, with the added benefit of a substantial cellar and ample off-road parking.
£3,000 pcm
22
39 Brook Street, Colne Engaine
A charming Victorian cottage which has been
thoughtfully extended, occupying an elevated position within this popular and sought after village, with an impressive open plan kitchen. Extensive parking, garage and pretty gardens.
£1,395 pcm EPC D
Lettings