This month Toby brings you all the latest market updates from Bath here at RESIDE, and also lets us know a bit more about the on going saga of the Renters Reform Bill.
Key takeaways from this months update:
Avg. time to let: 16.8 days
Avg. rent achieved: 99.6%
Avg. rent increase: +4.2%
Tenant Demand: -1.2%
In other news, we would like to welcome to the team (and the helm of the marketing ship) Alex!
Alex has joined us here to get our marketing to the next level. Be sure to look out for more content on our social channels showcasing the amazing work that the team here at RESIDE do to bring your rental property to the market, alongside some new and improved footage of all our listings.
As we step into a new year, we thought it might be helpful (and a bit nostalgic!) to look back at the bustling world of the private rented sector in Bath during 2023. Whether you’re a landlord, a tenant, or just curious about the local property market, our latest video roundup is here to give you the lowdown.
If you’re interested in knowing average rents in Bath, how long it takes to let a property in the current market, or are looking for a summary of the new regulations introduced over the last 12 months, give the video a watch and drop us a line if you would like to discuss anything further.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
In our monthly summary of the rental market, Reside director Toby Martin looks at recent trends in demand and rent levels.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
Bath recently played host to an enlightening and insightful gathering for landlords, the Bath Landlord Conference, held at the prestigious Francis Hotel on 22nd November 2023. This event, spearheaded by Reside director and ARLA Propertymark Regional Executive Toby Martin, was an essential evening for landlords seeking to navigate the evolving landscape of property regulations and investment strategies.
The conference commenced with Toby Martin’s comprehensive overview of the local market, providing attendees with a concise summary of recent landlord regulations. These insights were crucial, particularly in light of the recent changes reshaping the landlord-tenant relationship.
Reside director Toby Martin addresses the Bath Landlord Conference
A notable highlight of the event was Mike Hansom’s address. As a Consultant Solicitor at BLB Solicitors, Hansom delved into the intricacies of Section 8 evictions, a topic gaining prominence as Section 21 faces abolition under the Renters Reform Bill. His expertise demonstrated how tenancies will be ended by landlords in the future, offering clarity and understanding amidst the regulatory shifts.
Ellie Donaghy, a professional property investor, brought bundles of energy and passion to proceedings. Her invaluable insights and proven strategies for identifying and maximizing property investment opportunities left attendees inspired and equipped for success in their ventures.
The event, attended by approximately 40 local landlords, fostered an environment of learning and engagement, with many attendees remaining behind to network after the talks had finished.
Stay tuned for details on the next Bath Landlord Conference, set to be announced in the New Year. For landlords seeking to stay ahead in an ever-evolving market, future Bath Landlord Conferences are not to be missed.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
All the facts and figures on the rental market in Bath & beyond from October 2023, plus some significant lettings legislation news.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
All the facts and figures on the rental market in Bath & beyond from September 2023, plus some significant lettings legislation news.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
All the facts and figures on the rental market in Bath & beyond from August 2023, including a mortgage update from Doug Miller of Lansdown Financial Services.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
All the facts and figures on the rental market in Bath & beyond from June 2023, including some really interesting information about the differing performances of houses and flat on the market.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
All the facts and figures on the rental market in Bath & beyond from May 2023, including a close look at how long it takes to let a property and what that tells us about the current market.
Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of letting or managing your property; we would love to hear from you.
