Renters post lockdown are re-evaluating what is important in a rental property. They want outside space, whether it’s a balcony or small roof terrace and ideally to be within walking distance of a larger green space, like one of London’s parks.
Renters are targeting new build developments which cater better for outside space rather than traditional mansion block flats and conversions, although period garden flats are definitely in demand. Parking comes a close second to outside space and is often the requirement that can sway a tenant over outdoor space.
When money is no object, a swimming pool is a great substitute for a summer holiday this year.
Alexandra Fleck, head of lettings at Arlington Residential said, “Outside space and close proximity to a park have been the main requirements that we have had from tenants in the wake of the pandemic. Directly after the lockdown, we were inundated with people currently living in flats, who were desperate to find a new home with a balcony or garden. The warm weather, as usual, has also created the desire for somewhere to sit out in the sun.”
The areas we operate in are fortunate to include some of the finest green areas in London, including Regent’s Park, Hampstead Heath, Primrose Hill and Paddington Recreation Ground, so properties within a short walk of any of these parks are constantly popular. Whilst modern new build developments mostly provide balconies or terraces, older mansion type buildings and mid-floor converted flats generally fall short in the outdoor space stakes. This means that modern new builds are currently in demand. However, ground floor converted flats with private gardens are particularly sought after, as they combine the best of both worlds – charming period features, generally good sized rooms and a patch of grass or a patio to call your own.
Parking is another “wish list” staple, however with slim pickings for parking and garages in our areas, this is often becomes the requirement that will get dropped in favour of outside space.
When money becomes no object, then a swimming pool heads to the top of the Covid19 house search list – savvy tenants with an eye on months’ of lockdown were on the hunt for somewhere that the family could enjoy without missing out too much on the annual summer holiday.