Why Now Is a Good Time to Let Your Property in Somerset
If youāre a landlord, or thinking of becoming one, thereās good news, now is a great time to rent out property in Somerset, especially in popular areas like Wells.
Why Now Is a Good Time to Let Your Property in Somerset
If youāre a landlord, or thinking of becoming one, thereās good news, now is a great time to rent out property in Somerset, especially in popular areas like Wells.
Hereās why:
1. Tenant Demand Is Strong
Thereās high demand across Somerset for quality rental homes, especially 2ā3 bed houses and well-located flats. Families, professionals, and retirees are all searching for long-term rentals.
In Wells, properties often let within days when priced and marketed correctly.
2. Rents Are Rising
Rental prices have increased steadily in 2024 and into 2025 due to low supply and strong demand. This means:
- Higher rental yields for landlords
- A chance to review and increase rent on existing tenancies (within legal guidelines)
- Less time spent with empty properties between lets
3. More People Are Renting Long-Term
With the cost of buying still high and mortgage rates uncertain, many would-be buyers are choosing to rent longer. This creates a stable pool of reliable tenants looking for well-managed homes.
4. You Donāt Have to Manage It Alone
Letting a property can be time-consuming, but it doesnāt have to be. Our full management service covers everything from tenant find and referencing to rent collection, inspections, and maintenance.
We also ensure you're fully legally compliant, so you donāt face fines or risks.
5. Wells is a Lettings Hotspot
Wells continues to attract tenants who want character, countryside, and good transport links without the price tag of Bath or Bristol. Local schools, shops, and a strong community make it especially appealing to families and professionals.
Thinking of Letting? Letās Talk.
Weāre a local, independent letting agency based right here in Wells.
Whether youāre letting for the first time or growing your portfolio, weāre here to help.
01749 672 678
