Introduction To The Lettings Market In Cheltenham, Gloucestershire - Letting Agents Cheltenham - Estate Agents

Cheltenham Spa, Pittville pump rooms, historical property in Cheltenham

Cheltenham Lettings Market Reviewed: The property lettings market in Cheltenham is hugely varied in style. From modern city style flats and apartments, to period houses and country cottages. Around fifty property management and lettings companies service this buoyant rental market. Cheltenham’s tenants, and landlords have an amazing plethora of choice with regard to the service they choose to use.

There is some truth in the old saying thought that one can be, ‘spoilt for choice’. At times entering this fast paced and hugely veried playing field can prove somewhat daunting. I am myself a tenant, I have lived in rented accommodation since leaving home some twelve years ago. As a tenant, as well as being involved in the provision of rental properties, I can fully appreciate the position of others. There is a great hunger for good information, that may just help to narrow the field for those in both camps, tenants and landlords that is.

Holst Cheltenham Memorial in Montpellier park As well as the need for good information about the available property and local letting services, there is also equally a demand for more general details regarding areas in which to live. Such concerns are greatly magnified for those looking to rent in Gloucestershire from outside of the county, or even the country.

With international schools and world famous events, Cheltenham has come to be the home of an extremely diverse collection of people from all walks of life and indeed from dozens of nationalities.

The questions that I often encounter range through; school catchment areas, local services, social harmony, desirability of location, distance to train station and the chances of being flooded out. For many property hunters, the distance to restaurants, bars and night-clubs is far more of a factor than whether their desired flat has a washing machine or not. Still others simply do not want to sit in traffic every morning trying to cross town, and just want to know where is a nice place to live whilst avoiding the daily headache.

It is of course not possible to answer all the many question being asked in one long rant by myself. The only way to deal with the myriad queries is to address them each in turn, by referring to the latest available information at hand. The combination of my own local knowledge, with the wonders of the internet database, mean that we should be able to bring some more order to the chaos of the process of choosing areas, and weighing up property requirements against locations. There is of course a golden rule to the business of renting or letting a property, all other considerations aside, ‘you get what you pay for’. If it sounds too good to be true, it probably is.

Cheltenham church & cotswold hills Due to the ongoing effects of the now infamous Credit Crunch, the property market in Cheltenham has gone through a radical shift. The number of property sales being processed successfully has spiralled downward, sounding the death toll to some local estate agents and causing grey hair for many of those that remain. Though of course properties are slowly shifting, numerous vendors have tired with the treacle like progress, and indeed the lack of serious buyers viewing their property. All of a sudden these people, whom have never previously considered renting out their most valued asset, have invaded the lettings market en-mass.

We should not assume however that the market is now flooded by the formally sale properties. Fortunately for landlords the number of people seeking a property to let has also spiked radically. Thanks largely to the multitude of people unable to get a mortgage, or simply too concerned about buying into potential negative equity. Whilst the sales market remains unstable many have found caution a wise option. This other influx has given back the lettings market its fluidity and prevented dozens of worried phone calls to letting agents around the county. Though some properties have had their price affected, few are likely to stick around for long when marketed at their correct market rate.

For potential tenants there is now probably the widest selection of Cheltenham properties available for rental than has ever been on offer previously. Getting the perfect property is now a real possibility, as long as one is fleet of foot, and able to keep ahead of the competition. Do not make the common mistake many others do in thinking that whilst you view another ten properties on your list, that the one you liked right at the start will still be their for you to come back to. How many times have all of us heard the story about the one that got away, and how they wished they had just paid the holding fee in the first place. If your heart says yes, get your wallet out. Verbal agreements with an agent that you will have first refusal are very rarely worth the paper they are written on!