Rent by a road?
13 April 2021
Location, location, location is the somewhat overused maxim applied by many as a rule of thumb when selecting a property. However, a closer look reveals that a compromise in this principle can produce significant benefits for tenants in the area.
Clearly, most tenants’ idea of a dream home is one in perfect condition, with a beautiful garden, massive sunny accommodation, off street parking, and found in the best street in the area – preferably a quiet, leafy, cul-de-sac. And of course, the rent must be low!
Sadly, this idyllic combination does not often exist, because if the first five criteria are satisfied, then the rent is likely to be astronomical, as everyone tends to want these things as well! So budgetary constraints typically force tenants to accept a degree of compromise. For many, this will mean asking the children to share a bedroom, making do with a patio rather than a garden, or parking the car in the street. Last on many people’s list is renting on a busy road!
Yet consider the advantages. Firstly, the rent on properties on a busy road is usually considerably cheaper than similar properties in a quiet street. This means that you can get far more property for your rent. It could well mean that you will not have to compromise on those very things that contribute to an attractive property lifestyle. You might actually gain attributes such as a playroom for the children, a garage for the car, or a larger than expected garden.
Most people who live on a main road tell us that they no longer notice it, and that it is a very small price to pay for a substantially better property.
So, if you are looking to rent, a degree of flexibility over location could pay dividends!