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Rental Rates Dropping in SE London?

5 bed detached and tastefully renovated Bovis house with double garage rented out in 2013/14/15 for £2500 PCM. On return from tenant approx. 10k damages noticed and currently fighting to get that sorted. Estate Agency insisting that in order to get the house back out rented I should agree to drop the price below the rent achieved in 2013. This flies in the face of all that I read about rental and properties in the London area and am concerned that the Agent is looking for the easiest option after agreeing much lower T&C with me after winning an open bidding session for the contract. Should I agree or sack him?

Asked on Sep 21 2015, Renting in West Wickham | Report content

Answers (1)

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  • Seek the opinion of another few agents before you sack him as he may be right, or under cutting the price on the road so that it is fully occupied.

    Answered on Sep 28 2015, Report content

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