People need a lot of money to afford a deposit at the moment, even with the Government Help to buy scheme, so many are renting instead. (5% of £200,000 is still a hefty £10,000 to save) This means there’s good demand for rental property, and we lettings agents can rent most things, often for a premium.
However at some point this will change. As such don’t assume that just because you can currently rent a tatty property, that will always be the case, and don’t assume because some estate agent is promising to get you £x in rental, that it will rent at that price for ever.
Do your figures on a worst case scenario and you should end up with your expectations being exceeded, not unrealised.
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