view looking up the side of a building with white balconies - l

The perfect rental property of the future.

28 Feb 2020 | 2 min

In recent years, countless buy-to-let landlords have invested in high-rise new builds and affordable terraced period properties.

But consumer demand is changing, driven largely by changing expectations among the younger generations who typify the average renter. Andrew Charnley, Head of Corporate relationships at Together, speculates about what landlords can expect their tenants to crave in future.

Proximity to areas of major employment

There are many graduates who've stayed on in our cities after university, to take advantage of their plentiful job opportunities, buzzy nightlife and convenient amenities, and need somewhere to live. Transport costs can be an unwelcome extra burden while they deal with modest pay early in their careers, so look out for properties within easy walking distance of the city centre and big out-of-town employers.

Convenient public transport

Younger generations are reportedly falling out of love with car ownership – thanks, no doubt, to a combination of heavy urban traffic, expensive running costs, and an eye on their environmental impact. So for those who choose not to live within walking distance of work, the typical renter may instead want to be close to local trains and trams that offer regular (and reliable) service, without being affected by traffic like buses can be.

Private driveways

There are inevitably some renters who have no choice but to run a vehicle – but still have an eye towards the environment, and therefore crave an electric car. One of the major barriers to wide spread  electric car adoption remains the relative infancy of Britain's charging infrastructure – so the option to charge at home, using a wallbox mounted on the property, could become seriously appealing in the coming years.

Thermal efficiency

Attitudes towards older properties may be changing. Whereas once they were perhaps seen as characterful, some see 'period property' and think 'cold, draughty house'. Today's renters want to keep bills low, in order to save a deposit – so are likely attracted to well-insulated properties with double glazing, smart thermostats that can be controlled with their phones, and even low-carbon energy supplies, like solar panels and ground source heat pumps.

Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Articles on our website are designed to be useful for our customers, and potential customers. A variety of different topics are covered, touching on legal, taxation, financial, and practical issues. However, we offer no warranty or assurance that the content is accurate in all respects, and you should not therefore act in reliance on any of the information presented here. We would always recommend that you consult with qualified professionals with specific knowledge of your circumstances before proceeding (for example: a solicitor, surveyor or accountant, as the case may be).

Lending decisions are subject to an affordability/creditworthiness assessment.

All content factually correct at the time of publishing.

Business Buy to Let