Rental Valuations in Leicester: Is Your Property Achieving the Right Rent? | First 4 Lettings

As a landlord, ensuring your property is priced correctly is essential to maximising your rental income while attracting quality tenants. A professional rental valuation can help you understand what your property is realistically worth in today's market and avoid the risks of pricing it too high or too low.

The Leicester rental market continues to change, with demand, tenant expectations and local market conditions all influencing rental values. Factors such as the property's location, condition, furnishings, EPC rating, parking availability and the level of demand for similar homes nearby can all have an impact on the rent achievable.

One of the most common mistakes landlords make is setting their rental price based on what they hope to achieve rather than what the current market supports. While aiming for the highest possible rent is understandable, an overpriced property can lead to fewer enquiries, longer marketing periods and unnecessary void costs.

For example, an additional £50 per month may appear attractive, but if the property takes an extra month to let, the lost rental income could easily outweigh the additional rent you hoped to achieve.

At First 4 Lettings, our rental valuations are based on current market data, comparable properties and our experience as a specialist letting agent in Leicester and the surrounding areas. We consider both the property itself and the demand from tenants currently looking for homes like yours.

Whether you are a first-time landlord, reviewing your current rental income or considering switching letting agents, our team can provide a free, no-obligation rental valuation to help you make an informed decision.

Click here for an instant rental valuation and find out how much your Leicester property could achieve in today's market. It's free, takes just a few minutes and comes with no obligation.

Written by Lewis Hemmings

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PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.