Weybridge Landlords: 5 Essential Things You Need to Know

Nestled between the M3 and the M25, Weybridge and Elmbridge is an excellent spot for landlords looking to rent to London professionals, the Surrey set and those looking for some greenery among the nearby bustle. 

Billed as one of the most expensive towns in Surrey, landlords will face many common challenges, but have plenty of attractions on their side, like the strong local events scene. When it comes to letting and property management, Weybridge offers many types of properties, from modern apartments to spacious family homes, typically from £1,500 to £4000 and higher, up to £20,000 for prestigious areas like St. George’s Hill.

Appreciate and Leverage Weybridge’s Location

With strong commuting links to London, excellent schools and amenities, and the allure of the River Wey and Thames, it is a competitive area for landlords.  

In such a competitive market, landlords must be ready to act fast to acquire properties for rental, and work with property managers to build up a portfolio around the town and local area. 

Local knowledge is key for remote landlords, building up insights into the area and keeping track of property values and rental prices. Working with local trades, estate agents, interior designers and property managers is a great way to learn the area’s trending locations, and build up word of mouth for strong tenant candidates. 

Tick All Legal and Compliance Boxes 

Experienced landlords will already know about the legal compliance, licensing requirements and tenant rights for renting. But newcomers to the industry will have to learn the basics fast and ensure that any property they invest in meets those requirements.

That’s especially around HMOs and second properties that are facing broad legal crackdowns to protect the value of homes and the needs for local residents. Landlords taking a proactive and well-mannered and structured approach to their letting will likely see more favourable business than those considered to be trying to make a quick buck. 

Use A Rent Guarantee to Lock-in Income

To boost the opportunity for business success, they should also consider working with property managers and adopting a “rent guarantee” scheme to provide a consistent income, reduce the risk of financial instability and provide a strong sense of peace of mind around rentals with less stress for landlords, including cover for legal expenses and eviction support if a troublesome tenant takes possession.

Providing income during tenant vacancies or when they are in arrears ensures your business is not at risk, especially during economically turbulent times, and as the renting market wavers with more remote work being balanced by the push to return staff to their London offices. 

Make Use of the Value of Brooklands

Not many urban towns have a race track next door. So, landlords can push the proximity of the Brooklands circuit and museum, plus automotive and aviation heritage as a unique feature to prospective tenants. 

With plenty of events throughout the year, Brooklands might act as an extra pull for families or petrol heads looking to move to the area. All that with nearby Sandown Park race course and plenty of golf courses for those looking for greater social mobility. 

Build a Long-Term Weybridge Plan

Weybridge has its outstanding streets, as well as plenty of up-and-coming opportunities, many with high-cost new-builds, and impressive examples of property transformation. Aim to capture these opportunities with fast-mover flexibility, using local knowledge and partners to get a landlord’s foot in the door. 

Then focus on selling the natural value of these properties and the local area to maximise rents as Weybridge continues to act as a property and high-end tenant magnet. To differentiate with other landlords you’ll need a maximal professional approach, and learn all about Weybridge’s secrets and lesser-known opportunities to take advantage of them. 

Putting the work in and renting in Weybridge could see you playing in a highly attractive millionaire’s playground, like Windsor, Wentworth and other nearby examples.