Could landlords get a higher rent for their property if it’s near an electric vehicle charge point?
- 24th October 2019
- Landlord Property News
By 2020, London Councils combined aim to deliver over 2,000 additional on-street charging points for London’s residents and car club operators
Landlords with properties close to an electric car charging point could find their properties rent out quicker or even at a slightly higher rent, as demand for charging points is now racing ahead of supply.
At present, there is only one charging station for every 30 vehicles in London, making a property with a nearby charging point a real attraction. The 41% jump in the number of electric vehicles in the UK last year is forecasted to be followed by further large increases. That means the gap between the demand for charging points and their supply will continue to grow.
By 2034 there are expected to be 322 public charging stations per 10,000 low emission cars in the UK.
Stephen Ludlow, Chairman at ludlowthompson, says: “Close proximity to tube stations or Boris Bike bays have long proved popular with renters, so we may see the same with electric charging stations.”
“If you’re a landlord this might not add a lot to the rent, but we expect it to be a feature that will help let a property far quicker.”
“The gradual pace in development of (EV) charging points could mean this is going to be a unique selling point for those for landlords whose properties are in close proximity of an on - street charge point.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews. Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Shushan Li via google reviews:
"Sarah and Joao at the Oval Office has been extremely helpful throughout the process of finding us an apartment. They are extremely responsive and always willing to help. They have, thus far, answered all my questions and are even willing to help me move the rent pay date as I am paid on a different day. Excellent service and couldn't recommend them both more highly!"
Dorota P via google reviews:
“Jacob of the ludlowthompson Docklands office was very friendly and helpful throughout my letting. I was a complete novice at being a landlord and he guided me very well. Built a good relationship and he will be on my Christmas card list!”
“Close proximity to tube stations or Boris Bike bays have long proved popular with renters, so we may see the same with electric charging stations.”
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