Category: Lettings

Date posted: April 17, 2025

Author: Haslams

Haslams Residential Lettings Market Insight Report for Reading Q1 2025 Thumbnail

Haslams Residential Lettings Market Insight Report for Reading Q1 2025

Rental market remains strong despite policy reforms

2025 has started off strong at Haslams Lettings. Applicant flow is good and let volumes are noticeably up year on year. Rental values have dipped slightly due to more stock in the market, largely where tenants have served notice, but properties are still being let quickly thus incurring minimal void periods. And rents are still up 10 to 15% on where we were in 2022.

With the Renters’ Rights Bill currently going through Parliament, Haslams is keeping on top of what this will mean for landlords. We believe that landlords who stay in the market and follow best practices and recommendations will continue to benefit from consistent rental income and good return on investment.

We have a considerable number of landlords who have taken out Rent Guarantee insurance, due to the proposed eviction notice period for rental arrears changing from two months to four months as part of the Renters’ Rights Bill. Please get in touch if you would like to find out more and protect yourself against potential rent arrears.

Read our Residential Sales report here or scroll down to continue to read our Lettings report.

Oliver Chambers
Head of Lettings Sales

Rental Demand

1,036
applicants registered
6,724
enquiries
-3%
rental increase YoY
7%
rental increase on renewal
227
lets agreed

(Haslams internal data & Rightmove Q1 2025)


Rental Supply

1,175
properties to rent
+8%
vs last year

(Rightmove data for Reading area Mar 2025)


Gross Yields

3.91%
4 bed detached house in Woodley
7.01%
1 apartment in central Reading
5.83%
3 bed terraced house in Caversham

(Haslams Price Index Q1 2025)


Haslams Tenants

£44,662
Average salary

(Haslams internal data Jan-Mar 25)

Age Breakdown
Under 21 1%
21-30 39%
31-40 40%
41-50 13%
51-60 5%
61+ 2%

(Goodlord data Q4 2024)


Haslams Portfolio

(Haslams internal data Q1 2025)

Void rate 0.05%
Rent arrears 0.75%
Tenancy renewal rate 63%

Investment opportunities

Norfolk Road, RG30
£450,000
Gross yield: 9%
5 bed house in a great location
View property >

The Old Water Tower, RG30
£1,250,000
Gross yield: 7%
Iconic building converted into 6 apartments
View property >

This does not constitute financial advice and Haslams may be acting for the owners of properties mentioned.


Download Haslams Q1 2025 Lettings Report as a PDF