Letting Agents Nottingham and Mansfield - PWR Property Management Specialists

“If anyone has, for example, a vacant apartment in Nottingham City Centre and they’re not sure whether to continue trying to sell it, we recommend that they give serious consideration to letting it instead,” says Simon Perkins, LLP Partner of ARLA and RICS registered PWR

“You’d be surprised at the number of tenants who specify exactly this type of property because they like being close to all the City Centre has to offer. The majority of demand in the City Centre is for furnished accommodation, we can advise on the furnishing requirements, obtain costings and even project manage the installation of the furnishings if required. But no-one should do this prior to finding out what costs are involved, the rental value they can expect to achieve and whether the property in question is in the right location,” he warns.

Mr. Perkins emphasises that Nottingham is an ever popular choice for both professional renters, company tenants which are starting to come back into the market and also under graduate & post graduate students, since Nottingham has one of the highest student populations in the country. “There are some very nice apartments in the City, in particular there is a good demand for 1 bedroom furnished apartments from £450.00 pcm and 2 bedroom furnished apartments from £600.00 - £900.00 pcm, provided they are in good order. Vacancy rates for apartments in the last few years were quite high in some developments, but this over supply is now petering out and we are letting many apartments within a week to ten days.

One of the biggest concerns for anyone letting an apartment has been how long it is likely to be void. “Vacancy rates for apartments in the last few years were quite high in some developments, but this over supply is now petering out as new developments have slowed and we are letting many apartments within a week to ten days provided they are in good order and are furnished to a high standard”.