The Savills Blog

Renting in Surrey's Private Estates

Leyton House, Leys Road, Oxshott, Surrey - £20,000 pcm

Our blog series, A guide to Surrey’s Private Estates, looked at the history of Surrey’s prestigious enclaves and how they came to be the residential hubs they are today. Although the series focused on buyers in these areas, the estates also attract high-net worth individuals and families who opt to rent rather than buy as a lifestyle choice.

A typical tenant here is similar to the typical purchaser, whether that be a wealthy entrepreneur, a CEO, a celebrity or a professional sports person. These tenants tend to look for either brand new, or newly refurbished, luxury mansion houses that offer modern and contemporary living.

Some of the key features requested include indoor leisure complexes, cinema rooms, garaging for multiple cars and even helipads. This is particularly the case with young, mobile, global entrepreneurs who live more transient lifestyles. Moving from country to country, they look for turnkey properties with everything included, so they can turn up and move straight in. For these tenants a furnished property is also a major selling point. The security and privacy that each private road and estate offers also appeals, particularly for high-profile individuals or those with young families.

So why are they choosing not to buy? For some of those who only need a base here for a few years, the changes to stamp duty are a deterrent, or it is making them more cautious, leading them to rent on a try-before-you-buy basis. 

For others, flexibility is key. This is particularly relevant for those who are moving for work and could be relocated at any time, or international families whose needs may change based on their children’s schooling or work.

Rental values for these properties range between £5,000 and £50,000 per month, depending on the estate, and are often marketed discreetly. Therefore, Savills global reach means that we are best placed to connect landlords and tenants from across the world, not just the UK.  If you’re looking to rent here, what really counts is who you know, not what you know.

For more information on the 2017 market, download a copy of our Private Estates Specialists publication here

 

Explore Surrey's private estates

Further information

Read more information and key contacts for Surrey's private estates

 

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