First-Time Landlord? What are the Best Questions to Ask Your Estate Agent
Are you looking for your first buy-to-let investment? Before you fall head-over-heels for a property, make sure you ask your estate agent all the right questions.
🔑 Key Questions to Ask Before Buying a Rental Property
1. Freehold or Leasehold?
It’s essential to know whether the property is freehold or leasehold.
Leasehold properties usually come with service charges and ground rent, which will affect your yield.
Always check how long the lease is—this will determine whether it suits your long-term investment plans.
2. Has the Property Been Rented Before? Is There Demand?
The rental history offers insight into income stability.
Ask to see a copy of the current tenancy and deposit protection.
Find out the average void period and tenancy duration. This will help you gauge how quickly the property can be re-let and whether frequent vacancies could affect returns.
3. What Monthly Rent Could It Achieve?
Even if you’ve done your research, always ask your agent directly about their rental valuation.
Confirm what the figure is based on—comparable properties, local demand, or the property’s history.
A knowledgeable agent should provide context and reassurance that the figure is realistic.
4. Is the Location Desirable?
Location plays a huge role in long-term rental success.
Desirable areas attract better tenants, higher rents, and lower voids.
Ask about local amenities: transport links, schools, shops, and other facilities that appeal to your target tenant.
👉 Example: Students may prioritise bus routes and city access, while families look for schools and parks.
5. Is the Property Easy to Maintain?
Unexpected repairs can quickly eat into returns.
Ask about the age of the property, history of repairs, and overall condition.
Factor in how likely it is to require ongoing maintenance or upgrades.
6. What’s the Energy Efficiency Rating?
Currently, rental properties must have a minimum EPC rating of E.
By 2025, this will rise to a minimum of C for new tenancies (and by 2028 for all).
If the property falls short, ask what improvements are needed to meet future requirements.
💬 Thinking about buying a rental property? We’re here to guide you—get in touch with our team today.
We are here and ready to help in any way we can. 🧑💼
☎️ Call: 01474 321957
📧 Email: luke@mandmprop.co.uk