Property Not Selling? Here’s Why You Should Consider Remarketing for Rent
If your property has been on the market longer than expected, you’re not alone.
If your property has been on the market longer than expected, you’re not alone. The Somerset housing market has seen plenty of movement in recent years, but there are times when demand softens, buyers hesitate, or the right offer simply doesn’t come through.
At Allen Residential, we understand how frustrating this can be — but it doesn’t have to mean your property sits empty. One increasingly popular and financially savvy alternative is remarketing your property for rent. Here are ten compelling reasons why this might be the right move for you.
1. Generate an Income Straight Away
While your property continues to attract little interest from buyers, renting it out can bring in immediate monthly income. The rental market in Somerset remains strong, particularly around Wells, Glastonbury, Street, Radstock, and the wider Bath area — all areas where tenant demand consistently outstrips supply.
2. Ease the Pressure of Mortgage Payments
Renting your property can help cover ongoing mortgage payments, insurance, and general maintenance costs. This helps reduce financial strain while keeping your asset active in the market.
3. Somerset’s Growing Tenant Demand
From professionals relocating for work to families seeking good schools and rural charm, Somerset attracts a diverse range of tenants. Locations close to Bath and Bristol continue to see strong rental interest, offering landlords steady occupancy rates and reliable returns.
4. Keep Your Future Sales Options Open
Choosing to let your property now doesn’t mean abandoning your sale plans. Many of our clients at Allen Residential choose a short-term rental strategy, allowing them to revisit the sales market later when conditions improve — often with added appeal thanks to a proven rental history.
5. Take Advantage of Long-Term Growth
Historically, Somerset property values have shown steady appreciation. Holding onto your home while renting it out gives you the chance to benefit from future price rises while earning income in the meantime.
6. Potential Tax Benefits
As a landlord, you may be able to claim tax relief on certain expenses such as maintenance, letting fees, and mortgage interest (subject to current HMRC rules). It’s worth seeking professional advice to make the most of these opportunities.
7. Refresh Your Property’s Market Appeal
If your listing has been stagnant, remarketing it as a rental gives your property fresh exposure and attracts a completely different audience. At Allen Residential, we can reposition your marketing to appeal to high-quality tenants through professional photography and targeted online advertising.
8. Keep the Property in Use and Well-Maintained
An occupied property is usually better cared for than an empty one. Regular use helps prevent issues like damp, leaks, or general deterioration — protecting your long-term investment.
9. A Rented Property Can Attract Future Buyers
Many investors are actively looking for tenanted properties that already provide an income stream. Renting now could make your property even more attractive to a future buyer, particularly in the buy-to-let market.
10. Professional Lettings Support from Allen Residential
At Allen Residential, our dedicated lettings team can handle the entire process — from marketing and tenant referencing to rent collection and ongoing management. We make letting your property simple, stress-free, and financially rewarding.
Stephen Davies-Hale
Property Negotiator
Allen Residential
