Back to All Blogs

Why Now Is a Good Time to Let Your Property in Somerset

If you’re a landlord, or thinking of becoming one, there’s 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
Why Now Is a Good Time to Let Your Property in Somerset
 
If you’re a landlord, or thinking of becoming one, there’s good news, now is a great time to rent out property in Somerset, especially in popular areas like Wells.

Here’s why:

1. Tenant Demand Is Strong

There’s high demand across Somerset for quality rental homes, especially 2–3 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 Don’t Have to Manage It Alone

Letting a property can be time-consuming, but it doesn’t 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 don’t 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? Let’s Talk.

We’re a local, independent letting agency based right here in Wells.
Whether you’re letting for the first time or growing your portfolio, we’re here to help.
01749 672 678

Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Looking to BuyLooking to Rent

Meet Our Founding Director James

Meet Our Founding Director James

James Allen is the founding director and owner of Allen Residential. James started in estate agency back in 1997 and after working for a couple of strong independent estate agencies he established Allen Residential in 2005 Keen to invest back into his team, James is dedicated to ensuring that each team member at Allen Residential is a key part of the business, emphasizing the importance of their contributions. His leadership style highlights the significance of a cohesive and dedicated team, fostering a supportive and growth-oriented environment. The business has flourished in recent years, thanks to the staff's commitment to excellence and the implementation of effective systems. James' appreciation for his team’s hard work and dedication is evident, making Allen Residential a thriving and dynamic company.

Why choose Allen Residential?

Why choose Allen Residential?

With an owner who has 35 number of years experience in the industry and 20 years of company history, we bring knowledge, reliability, and expertise to every property transaction.

Our approach is casual and professional, aiming to form personal connections with the people we work with instead of treating them as a number.

About Us