3 bed flat to rent in hillsborough

[Rushie 10]

I am in the process of buying a large 3 bed flat in the hillsborough area to rent out. Although I currently rent out a few one bed flats, renting out 'shared flats' is new to me, so I'd be interested to hear of any advice and tips from people out there who may have rented similar places themselves and from those of have rented out shared living accomodation.

 

Do people tend to look for a room only or should I let it as a whole?

What and how many communal areas would you be looking for in a 3 bed flat? What kind of rent would you pay for a shared flat? etc etc

 

any thoughts would be appreciated.

thanks

[Loops 10]

You should get a lot of interest for a 3 bed flat in Hillsborough I would have thought.

You might be better off getting a group of friends wanting to rent.

If you go down the shared property as a landlord it gets very messy if you issue a joint tenancy because people come and go and the deposits gets very complicated etc, some people dont get on and it might get time consuming!

 

You might get a family interested with it being Hillsborough and if you were to accept people on benefits you might find the housing benefit might cover majority of your rent if looking up to about £500.

 

 

Hope this helps ..good luck

Loops

[Rushie 10]

Thanks, that's helpful. I was thinking of the groups of friends as renters myself. It's a nice place, so I am sure it will be wanted.

cheers