Nuneaton rents predicted to rise by 8.9% in the next 5 years!

It’s now been a good 12/18 months since annual rental price inflation in Nuneaton peaked at 3.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Nuneaton rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?

Well, possibly in the short term, but in the coming few years, it is my opinion Nuneaton rents will regain their upward trend and continue to increase as demand for Nuneaton rental property will outstrip supply, and this is why.
The only counterbalance to that improved rental growth would be to meaningfully increase rental stock (i.e. the number of rental properties in Nuneaton). However, because of the Government’s new taxes on landlords being introduced between 2017 and 2021, that means buy-to-let has (and will) be less attractive in the short term for certain types of landlords (meaning less new properties will be bought to let out).

Interestingly, countless market experts assumed at the start of 2017, that the number of rental properties would in fact drop throughout the year. The assumption being as the new tax rules for landlords started to kick in, landlords looked to kick their tenants out, sell up and invest their capital elsewhere. (Although ironically that would lower supply of rental properties, decreasing the supply, meaning rents would increase again!).

Circumstantial evidence suggests, confirmed by my discussions with fellow property, accountancy and banking professionals in Nuneaton, that Nuneaton landlords are (instead of selling up on masse), actually either (1) re-mortgaging their Nuneaton buy-to-let properties instead or (2) converting their rental portfolios into limited companies to side step the new taxation rules.

The sentiment of many Nuneaton landlords is that property has always weathered the many stock market crashes and runs in the last 50 years. There is something inheritably understandable about bricks and mortar – compared to the voodoo magic of the stock market and other exotic investment vehicles like debentures and crypto-currency (e.g. BitCoin).
Remarkably, there is some good news for tenants, as Tory’s recently published the draft Tenants’ Fee Bill, which is designed to prohibit the charging of tenants lettings fees on set up of the tenancy. However, looking at evidence in Scotland, I expect rents to rise to compensate landlords, thus hammering faithful tenants looking for long-term tenancy agreements the hardest. This growth will be on top of any usual organic rent growth. It really is swings and roundabouts!

So, what does this all mean for landlords and tenants in Nuneaton? In my considered opinion,
Rents in Nuneaton over the next 5 years will rise by 8.9%, taking the average rent for a Nuneaton property from £675 per month to £735 per month.

To put all that into perspective though, rents in Nuneaton over the last 12 years have risen by 20.7%. In fact, that rise won’t be a straight-line growth either, because I have to take into account the national and local Nuneaton economy, demand and supply of rental property, interest rates, Brexit and other external factors.

In the past, making money from Nuneaton buy-to-let property was as easy as falling off a log. But with these new tax rules, new rental regulations and the overall changing dynamics of the Nuneaton property market, as a Nuneaton landlord, you are going to need work smarter and have every piece of information, advice and opinion to hand on the Nuneaton, Regional and National property market’s, to enable you to continue to make money.

If you would like to discuss any of the subjects raised in the article, I would be more than happy to have a chat with you and see how we can help.
T: 02477 674545

The BIGGEST Housing development Nuneaton has seen in years is set to be given the Go Ahead!

Now, I wasn’t sure whether to publish this article as it really is only my opinion but I figured “hey why not, I’m entitled to an opinion”…right? and I want to share it with all of our lovely readers and would love to know what you think. Here goes…

There was an article in the Coventry Telegraph quite recently (and you’re probably already aware of this) about a new housing estate to get given the go ahead in Nuneaton. Well, it’s not just any housing estate, it’s more like a village….on the Longshoot (up to the A5).

Now I have my own views on this as well as an objective view. I’m going to start with my view first (as my husband knows only too well) be prepared for sarcasm and ranting;

Those who bought their house on the longshoot a good few years ago when they looked out their window and saw green fields and had some sense of enjoyable environment must look out their window now and be furious! Faced with congested traffic throughout the day and hundreds of new homes (most of which look the same) and hundreds of new neighbours (that they probably didn’t want!).

Well these people are in for an even bigger shock when this plan gets approved (I say ‘when’ because, let’s face it, it’s GOING to happen…there’s so much money to be made!) because there will be another 850 houses to accommodate and, I imagine, at least double the amount of vehicles (if not more) to add to the, already congested, roads every day.

It’s ok though because they’re building a primary school as well *sigh*. I’m not entirely sure where the children will go when they’ve completed primary school because the other schools in Nuneaton are already overcrowded. Hopefully they will have learnt enough by the age of 11.

What surprises me the most is that there have only been 18 letters of objection to the proposed new Longshoot City! I think some of the other objections were ‘filed’ away…in the “we’ve already decided it’s going ahead” folder!

I also think this new development will really hinder any local properties from selling if people decided to up and leave the craziness of the longshoot. I feel genuinely bad for those who live nearby because the last few years have been chaotic enough with the, now built, developments on the longshoot and now they’re proposing even more upheaval! If you live on the longshoot or close by, you have my utmost sympathy.

I find all this talk of building hundreds more homes to help first time buyers very amusing. Are these houses REALLY going to be affordable for first time buyers or are they just going to be REALLY profitable for the developers and anyone else who’s ‘involved’?!

I may be an Estate Agent but I’m also a human being, a mother and have lived in Nuneaton all my life and I’m genuinely concerned that there won’t be a patch of grass or tree left in Nuneaton by the time my son grows up. I also feel genuine sadness for those who live nearby.

Nuneaton is fantastic place to invest in properties, there’s no doubt about that, and there are always going to be people wanting to rent, but what benefit will these 850 homes bring to Nuneaton? If anyone has walked around the town recently (to visit Poundland or the several hundred charity shops we have) you will know that a lot of time and money is better invested in our Town first before accommodating another 850 households.

I know I said I had an objective point of view but I really don’t. This one’s all personal.

*Please note that my personal views are just that, my personal opinion. I do not mean to offend or upset anyone by this article*

To read the full article by the Coventry Telegraph please click here

I’d love to know what you think so, please feel free to get in touch by phone 02477674545 or send me an email.

BEWARE- Changes to HMO licencing may apply to your Nuneaton Investment

Recently, we’ve had a lot of interest from investors (locally and from further afield like London) looking to buy property in Nuneaton to turn into a House of multiple occupancy (HMO). Most of whom are aware of the current regulations and what does and doesn’t need to be licenced. This lead me to write this article to make people aware of what changes are afoot for HMO’s.

As of April 2018 new measures affecting HMO’s will impact around 160,000 landlord houses that have, to date, not been caught by the mandatory licencing scheme.

What are the changes?
Previous Housing Minister, Alok Sharma, announced that as from April 2018 landlords renting out ALL multi-occupied properties in England occupied by five or more people, from two or more separate households, whether they are one, two or three storeys, will need to hold a house in multiple occupation (HMO) licence. Minimum room size requirements for bedrooms in HMOs to help prevent overcrowding are also due to be brought into force.

What’s the difference?
Under the current administration any landlord with a property that has three or more storeys has to apply for a HMO licence. With the new changes ALL properties with 5 or more tenants from two or more separate households will require a HMO licence.

Why are these changes being made?
Currently far too many people are being exploited by rogue landlords whose goals are to get as many people in one space as possible to benefit from as much income as they can. These overcrowded spaces are often filthy, neglected and dangerous.

This new measure follows and consultation and is yet subject to parliamentary approval, however, I personally believe that this is something that is needed and will be approved. Tenants are entitled to a safe and comfortable living environment and, I’m sure, the GOOD landlords will be more than happy to adhere to these new regulations to ensure their tenants are provided the best possible living space as well as making a profit.

If you would like to discuss anything in this article, please feel free to give us a call on 02477 674545
QT Homes Website

Rent to Own in Nuneaton… want to know more?

New Year New Solution for your Nuneaton Property!

Happy New Year folks! We at QT Homes hope you have had a restful, joy filled Christmas and feel ready to take on 2018, we sure are!
In 2017 we took a leap from just doing lettings, to going into Sales also, and it was a leap we are so glad we took! As we as landlords know, rental properties in Nuneaton don’t hang around for long at all, in fact more often than not we have tenants lined up for properties before the particulars have even hit Rightmove! Similarly with sales, with in the first couple of viewings, properties have been SSTC, and completing within a matter of weeks. However, we have had vendors contact us baffled as to why their property hasn’t sold and after talking to them have realised that they don’t necessarily need to sell their house right now, and that it could be they are asking too much because they are in negative equity and think their only option right now is to sell.
This isn’t the case at all, and if you’re in a similar situation we have the PERFECT solution for you!
Your current £100k property would sell in 5 years time for a guaranteed £121,665!!
If I told you you could rent your current marketed property for the next 5 years, with a guaranteed rental income for the term, to tenants who take care of all repairs and maintenance – who will then after the 5 year term buy your property at an annual 4% increase (agreed at the beginning of the term) would that not be amazing?

To see a full range of the services we offer, please visit our website :

QT Homes Sales and Lettings Website

Please click on the link below to find out about Rent to Own in more detail –