Set the right rent for your property
You want to maximise your income, so you want to set the highest possible rent. But you also want your property to be occupied for all 12 months of the year. So be careful, if you set your rent too high you won’t attract any prospective tenants, and your property will stand empty.
The way rent amounts are set is through comparative market analysis. You can estimate your property’s rental by comparing your property to other properties in the same area as yours with similar accommodation (bedrooms, bathrooms, etc). A realistic and fair market-related value will tend to give you, over the medium to long term, your best financial return.
Our Rent Estimate Tool does the hard work for you: it pulls those properties similar to yours from the main property portals into a single page so you can make an easy comparison. We even calculate the average rental of the comparison properties to give you an initial idea of what rent your property can achieve.
The tool allows you to click through to each compared property so you can look into specific characteristics of each compared property.
Simply set your area and accommodation parameters and we’ll do the rest.