Uncategorized
Harrow Rental Market Outlook for 2025
While rental growth in 2025 is expected to slow compared to 2024, competition within the rental
market remains robust, making it essential for landlords to stay proactive.
Key Tips for Landlords
Ensure Your Property is Properly Licensed: Remember, all properties in Brent (except those in the Wembley Park ward) must be licensed by Brent Council, regardless of size.
Prepare for Renters Reform Legislation: With upcoming changes in the Renters Reform Bill, now is the time to audit your property, address any tenancy concerns, and ensure you’re fully prepared for the new rules.
Consider Structuring Your Property Portfolio as a Company: This can offer tax benefits and streamline your property management.
Stay Competitive in a Changing Market: With the rise of corporate Build to Rent landlords in Harrow and Wembley, individual landlords need to enhance their property marketing, increase flexibility, and consider professional property management. 99% of tenants prefer properties managed by a reputable agency.
Recent Lettings and Rental Valuations in Harrow
• Modern one-bedroom apartments (not brand new): £1,600 – £1,650
• Modern one-bedroom apartments with a balcony (not brand new): £1,700
• Modern two-bedroom apartments with a balcony (not brand new): £2,200
• Three-bedroom semi-detached houses (not extended): £2,400 – £2,500 (Non-HMO)
• Three-bedroom semi-detached houses (extended): £2,650 – £2,750 (Non-HMO)
• Three – five bedroom detached or semi-detached homes – £3,000 – £3,250
If you are a landlord and would like to know how to prepare for the Renters Reform legislations, navigate the competition from Built to Rent, and stay ahead of the curve, please get in touch with us
Empire Chase | 0208 4227722
