The Savills Blog

Love London: Tips for letting property in Mayfair

Mayfair letting tips

Mayfair’s exclusive reputation makes it very attractive to international Landlords and tenants. Here are six top tips for letting a property in Mayfair.

1. Research the market, compare your property with others, and take advice from your agent on the price you can realistically achieve.

2. It is essential that your property looks its best. The effect of a well-kept, clean, tidy and clutter-free property can never be under-estimated – expectations are high and first impressions count.

3. With over 66 per cent* of Mayfair tenants coming from overseas, the emphasis on porterage and good security is extremely important. Also, well-maintained and well-lit communal areas will often determine the tenant's initial impression of the property.

4. Create space where possible, dress your property with new furniture and if you need help or advice, Savills Interior Services department is available to oversee refurbishments and style properties for viewings.

5. Maintain the property throughout the tenancy and make sure to upgrade, where necessary, to keep it in good order. While the location is important for many tenants, the condition of the property is also a priority. Tenants want to rent the lifestyle as much as anything else, and well-dressed properties always let more quickly and often at a premium over 10 per cent above the price it would achieve if empty.

6. Some international tenants request fully furnished properties where they can easily move in with little more than a toothbrush. If your property is unfurnished, your agent can help with contacts of local companies that specialise in furnishing empty properties.

*Savills Research

Further information

For more information on letting a property see Landlords Step-by-Step Guide

Contact the Savills Mayfair office for more details.

 

 

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