Request a free lettings valuation today
Our local property experts are motivated to assess the rental value of your property and provide any advice required.
During an in-person visit at a time to suit you, our experts will use their extensive knowledge of the local market to give you an accurate lettings valuation - providing the information you need to be able to make the right decision on rent. During the valuation, you will receive an accurate price based on the latest market conditions, facts about the latest asking prices for similar properties, insight into tenant demand based on thousands of enquiries, and information on how we will help you get the best offer when letting your property, in a timeframe that suits you.
If you would like Romans to let your home, we can work with you to arrange photography and videos, market your property online, including Rightmove and Zoopla, and start calling our extensive tenant databases. There are still lots of tenants looking for their next rental property.
How do we calculate the rental value of your property?
Our process is totally transparent so you won’t be left wondering how and why we’ve reached our price. To calculate the rental value we consider the:
- Supply of similar rental properties in the area.
- Current demand for your property from tenants in your area.
- Type of tenant the property will attract (e.g. families, couples or corporate).
- Property’s current condition, including whether it’s furnished or unfurnished.
- Location, local amenities and transport links.
Frequently asked questions
You can’t always judge how much rent to charge just by looking at rental prices of similar properties in your area. It’s advisable to consult an experienced valuer, otherwise, you might fail to maximise your income. Like Romans, most lettings agents offer a free property valuation service.
Lettings agents can advise you on the maximum rent you could achieve, based on the latest market conditions. If your property is fully managed, your agent will follow local rental price trends and advise you when it’s time to increase the rent.
That depends on the level of service you need and how much you want to pay. At a minimum, the agent will find a suitable applicant (after careful referencing) and set up the tenancy. Many agents also offer a rent collection service or full management. With full management, the agent takes care of every aspect of the rental.
Most agents will charge a fee based on a percentage of the rent charged. You should also expect some one-off charges (for example, for drawing up an inventory report). At Romans we provide a comprehensive list of fees and charges).
An inspection should be carried out three months after a new tenant has moved in, and following that, every six months. Following the visit, your agent should provide a detailed report with photographs. If the report concludes that repair or maintenance is required, they should itemise the work that needs to be done.