Leeds has been ranked as the best city in England for fully furnished rental properties. Such homes are often in high demand from tenants, making fully furnished properties a good choice for a beginner property investment.
Increasing demand for fully furnished properties
As more people decide to rent rather than buy a property the buy-to-let sector is booming. And with increasing numbers of people choosing the straightforward lifestyle that comes with living in a fully furnished home, tenant demand for these kinds of properties is growing.
In yet another report that proves Leeds’ status as a property investment hotspot, new analysis from Manor Interiors ranks Leeds as the city with the most fully furnished rental homes in all of England.
84% of all rental properties on the Leeds market come fully furnished, ensuring the city’s buy-to-let sector thrives. This makes Leeds a fantastic city for beginner property investments, particularly if investors also furnish their buy-to-let properties.
Shift to fully furnished
The shift towards fully furnished rental homes is just the latest development in the private rental sector. Whereas in the past tenants have lived in rental properties only until they were able to buy, far more people are now choosing to rent long-term.
Farhan Malik, CEO of Manor Interiors, explained the draw of fully furnished properties for tenants. He said, “The convenience and flexibility of renting long term really resonate with the modern-day tenant and we’re starting to see the rental sector evolve to meet these needs, particularly through the build-to-rent sector.
“Furnished homes are just one aspect of this evolution and presenting a stylish, practically furnished home is a sure-fire way to grab the attention of tenants above and beyond your average rental home.”
Invest in quality
However, Farhan Malik had some words of advice when it comes to letting a fully furnished property, especially for those making a beginner property investment.
He said, “You don’t need to break the bank but you also want to refrain from filling your rental home with cheap furniture that is likely to need replacing by the time the next tenant enters the home. Bespoke, high-quality furniture can be purchased for a reasonable price whether you’re fitting out one buy-to-let home, or a hundred units within a build-to-rent development.”
North Property Group’s furniture packs
North Property Group is one such company that can supply high quality, stylish interiors to furnish buy-to-let properties.
These furniture packs comprise different carefully curated schemes to take the effort out of making investment properties tenant-ready. And with each package including delivery, premium installation, and removal of packaging, this service can make your investment journey that little bit easier.
Whatever your buy-to-let needs, let the property investment experts help. Contact North Property Group today.