Gordon Lindsay is perfectly placed to advise landlords how to adapt to market conditions
‘From the landlord’s point of view, a shift in rental values only becomes relevant when a tenancy ends and the property is put back on the market,’ explains Gordon Lindsay. ‘The last 12-18 months have seen achievable rents come down significantly. It’s fair to say that some landlords have taken time to adjust to that change in the landscape.’
Gordon and his experienced team are the experts in the Chiswick lettings market.
Gordon himself started at Bushells in 1993 and the Strand School governor and Brentford season ticket holder has worked in W4 ever since, running his own successful family operation since 2008.
‘We always take the trouble to build relationships with landlords and tenants – that’s why so much of our business comes from personal recommendations – and I’d encourage both prospective and experienced landlords to come and talk to us. We know how the local market is performing, hence we can advise them how to set a rent that maximises return but ensures their property doesn’t sit empty. That’s always a false economy.’
With plenty of stock currently available, Gordon emphasise just how important it is to present property in excellent order. ‘The basic minimum is that it must be very clean and, ideally, recently painted he says. ‘Other must-haves are decent kitchens and bathrooms and, if it is furnished, modern furniture in good condition – saggy, ripped sofas really don’t help’
Last year Gordon expanded the scope of his business by moving into sales, adopting the hybrid agency model. Put simply, that means he offers significantly. reduced fixed-price fees while still delivering the same customer service as a traditional High Street agent. So, for sellers, the higher the value of their property, the more the saving they can make.
‘When it comes to the sales market the turning point will be the conclusion of the Brexit negotiations,’ Gordon says. ‘Whatever the outcome, once the uncertainty is over, I think that property will star moving and prices will rise. People who are reluctant to act now will decide to get on with it.’
Gordon Lindsay Associates
Gable House, 18-24 Turnham
Green Terrace, W4 1QP