Letting a property in Wrexham can be a steady and rewarding source of income – but if you’re not reviewing performance regularly, you could be leaving money on the table. Whether you’re a new landlord or managing a growing portfolio, there are smart, simple ways to increase returns without adding stress.
At Northwood Wrexham, we’ve worked with hundreds of landlords to boost their yield and future-proof their investments. Here’s our no-nonsense advice on how to make your rental income go further.
1. Review your rent annually
The Wrexham rental market is dynamic, with shifting demand across neighbourhoods like Garden Village, Acton, and Rhosddu. Make a habit of reviewing rents every 12 months. Comparing your property to current market rates can highlight when it’s time for an increase – especially if you’ve upgraded or improved the property.
2. Reduce void periods
Empty properties are the quickest way to lose income. Minimise voids by preparing listings early, offering flexible viewing times, and ensuring quick turnaround between tenancies. At Northwood, we help landlords plan transitions to avoid costly gaps.
3. Offer added value
Modern tenants expect more than just four walls. High-speed internet, appliances, and even parking can influence what someone is willing to pay. If your property has these, shout about them in your listing. If it doesn’t, consider small upgrades to add appeal.
4. Consider allowing pets
Pet-friendly properties are in high demand. While not every home is suitable, allowing well-behaved pets with proper agreements in place can attract a wider pool of tenants – and in some cases, justify higher rents.
5. Keep maintenance proactive
Well-maintained properties not only attract better tenants but also retain them longer. Regular inspections and quick responses to issues build trust. Plus, staying on top of minor repairs helps avoid bigger, more expensive problems down the line.
6. Understand your property’s true yield
Gross rent is just one part of the equation. Knowing your net yield – after deducting voids, maintenance, fees and insurance – helps you see what you’re really earning. If the return isn’t where you want it to be, that’s your prompt to act.
7. Go for energy efficiency
With new EPC rules on the horizon, properties with better energy performance are increasingly attractive. Simple improvements like insulation, energy-efficient bulbs, and modern boilers can boost appeal and support higher rent.
8. Choose the right tenants
Good tenants are worth their weight in gold. Strong references, employment checks, and gut instinct all matter. We don’t just place tenants – we find the right fit, helping you avoid costly evictions or damages later.
9. Use professional marketing
Your property needs to stand out online. High-quality photos, floorplans and engaging descriptions drive more interest and reduce time on the market. We handle all of this in-house, giving your listing maximum exposure.
10. Explore Guaranteed Rent
Our Guaranteed Rent service offers total peace of mind – no rent arrears, no voids, and no chasing. You get paid on time, every month, even if the tenant doesn’t. For busy landlords or those managing remotely, this model offers predictable income and fewer headaches.
Final thoughts
Your rental property should be working as hard as you do. From pricing and presentation to tenant choice and financial planning, small steps can lead to big improvements.
If you’re contemplating buying or selling in Wrexham, understanding the local market dynamics is crucial. Our team at Northwood Wrexham is here to provide expert guidance tailored to your needs.
- Sellers: Book a free property valuation to understand your home’s worth in today’s market.
- Buyers: Explore our latest listings to find your ideal property.
