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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

High Demand for Smaller Properties Continuing Through the Autumn

Demand for smaller properties through the autumn

Letting is a largely seasonal business and households tend to move primarily in the months of May to September – largely influenced by the academic year. However, we have noticed across our eight offices that demand has not dropped for smaller properties across the county as Christmas approaches.

In one week in November we had 7 people applying for one property and several other properties being let almost immediately.

In Witney there is always a high demand for smaller properties and we have experienced great success at Buttercross Lane since it opened. We recently listed a smart 2 bedroom, 2 bathroom house on the development with a modern kitchen open-plan to the living room, which overlooks the garden. The letting team in Witney had seven viewings for this house (all on the same day), mostly with professional couples working in the area, with each applicant expressing an interest in applying to rent the property.

In Bicester 1 bedroom homes are particularly popular, especially in the town centre. A landlord approached us with two fantastic properties in the same courtyard development in the centre of Bicester. The houses had been listed with another agent without success and so the landlord contacted us hoping for a more proactive approach.

Both properties are recently converted 1 bedroom, 1 bathroom houses, finished to a very high standard and with allocated parking. The team in Bicester immediately set about providing professional photography and matching applicants. Within 2 days a let had been secured on one house, and the second was let within the first week of being on the market. Needless to say the landlord was very pleased.

The East Oxford team recently experienced one of the more disappointing aspects of letting: when a deal falls through due unforeseen circumstances. The property was a 2 bedroom mid-terraced period cottage with 2 reception rooms a galley style kitchen and rear garden in very popular location in Headington.

The property generated a lot of interest when it was re-listed, and was quickly let to a professional working in publishing on the first day of viewings.

Whether you are considering a buy-to-let investment or you already have a property and just need a great tenant, contact us now for advice on all aspects of letting 01865 307207.