Dunstable, the historic market town in Bedfordshire, has recently experienced significant growth in its rental market, in part thanks to TN Lettings. Located only 50 kilometres north of London, the rental market here is buoyed by both London commuters as well as residents who are drawn to the town's historic charm and lower cost of living compared to the city.
can expect to pay between £600 and £750 pcm for an unfurnished one bedroom flat, while some lucky apartment hunters may be able to get one for as low as £550 pcm. A two bedroom flat averages between £750 and £950 pcm, while the typical asking price for a three bedroom flat is between £950 and £1150 pcm.
is a well-known letting agency, noted in September 2016 that the average rental prices in Dunstable had risen by 25% during the period 2012 to 2016, with the rental prices for three bedroom semi-detached properties rising by 30% in that period. In the same report, Belvoir also noted that the number of available properties in the region had decreased while the number of renters had increased. The letting agency attributed this change to an influx of renters moving to Dunstable from London and surrounding towns due to Dunstable's greater affordability, but also noted that the relocation of big companies to the town, such as Amazon, had increased demand for rental properties.
Unfortunately, there is not much that the average renter can do about the laws of supply and demand, however, there are steps that they can take to ensure that they get the best possible deal on a good flat.
Does the early bird get the worm ?
Firstly, it really is true that the early bird gets the worm. Prospective renters will have a better chance of getting a good flat if they prepare themselves to move fast when the opportunity presents itself. This means that, as soon as they know that a move is on the horizon, renters should familiarize themselves with the market and reach out to various agencies to let them know of their interest and what type of flat they require. Registering with a letting agency means that you will be one of the first tenants they call when they have a new listing. It is also a good idea to have any required information, such as references, ready for presentation to avoid any delays in acquiring a rental.
In addition to reaching out to letting agencies, renters should also utilize their own networks to search for a flat. Some rental properties can be found by word by mouth, so letting friends, family and work colleagues know that you are in the market can be a smart way to learn about rental opportunities before they are even listed and you have to face competition to get in.
With a little smart planning, and a willingness to compromise on one's wish list, renters can find a good flat in Dunstable that meets their needs.