More families choosing to rent

Haybrooks lettings
Haybrooks lettings
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Haybrook is expecting to see more families than ever before choosing to rent in Sheffield in 2013.

The prediction from Haybrook, South Yorkshire’s largest independent estate agent, with over a dozen branches across the region, comes in the wake of a steep rise in the number of families inquiring about rental properties since the turn of the year.

Haybrook Lettings, which is based at Campo Chambers, on the corner of Campo Lane and Paradise Square in Sheffield, has seen a three-fold increase in applicant levels as young families in particular struggle to get on to the property ladder.

Sharon Owen, Lettings Manager, said: “The rental market in Sheffield has historically been focused on students and, to a lesser degree, young professionals, who are snapping many of the city centre apartments that come on the market.

“However, this is beginning to change as more and more families, especially the younger ones, struggle to raise the deposits needed to get on the property ladder and opt to rent instead over the short to medium term.”

Haybrook, which last year was named one of the top three lettings agents in the region for market share, is also expecting to see rents rise once again in 2013 as demands for properties continues to outstrip supply, even with a surge of new landlords coming on to the market. Last year average monthly rents rose by close to £50 across Sheffield and South Yorkshire.

“There is still a shortage of suitable rental properties in Sheffield,” added Sharon Owen, “and those properties that do come onto the market, especially homes in the better areas of the city, take only a matter of days before they are let.”

Haybrook prides itself on having its tenants’ best interests at hearts at all times. It is a member of SAFE Agent, a scheme launched by the National Approved Letting Scheme (NALS) to help signpost people to those firms that protect landlords’ and tenants’ money through Client Money Protection schemes.

As a member of ARLA (the Association of Residential Lettings Agents), the firm prides itsefl on managing all of the paperwork on behalf of tenants and once they have moved in, making sure that someone is always available at the end of a telephone to resolve any future issues.

Haybrook works just as hard for its landlords, whether they are a homeowner looking to rent out their home, a seller who can’t sell and needs to move or a Buy to Let landlord with an extensive property portfolio.

Its property management team offer peace of mind to landlords that their property is being looked after professionally at all times, in the process ensuring they are maximising the return on their investment.

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