Sam Macdonald, Lettings Negotiator for iConn Property Management writes:

I have recently completed some Canterbury rental demand reports generated through Rightmove.co.uk:

During the last seven days (05.10.11 – 12.10.11) Rightmove reported that:

6376 people searched for a 1 bed apartment in Canterbury (5847 of them have a maximum budget of £900.00)

5544 people searched for a 2 bed apartment in Canterbury (5291 of them have a maximum budget of £1000.00)

4882 people searched for a 3 bed property in Canterbury (4843 of them have a maximum budget of £1500.00)

4724 people searched for a 4 bed property in Canterbury (4695 of them have a maximum budget of £1750.00)

These are healthy figures showing that the rental market seems to be keeping up although normally at this time of year we will begin to see the market slow slightly as we head towards Christmas.

I think it is particularly useful to note the maximum tenants are putting in against properties. Rightmove gives us the option to really tailor make the report we receive so by adding in other factors like if tenants required parking, furnished properties or within a certain postcode we can receive a more specific report as to the average budget of new tenants which provides us with a good insight for valuations.

It also helps current landlords see the amount of rental which could be achieved at the top end of the market, helping to decide if refurbishment work would be beneficial based on the new rental return.

If you are thinking about investing in property or increasing your portfolio then we can provide you with the average rental price being achieved for the area and type of property plus the level of demand before you purchase.