Rooms to let
Kingdom Houses will take your property and sub-let each individual room resulting in a much higher than usual total rent.
More profitable
By sub-letting the individual rooms you can receive up to 70% more rent after costs and management our fee.
Furniutre
To be able to sub-let to young professionals your house will have to have furniture in. A complete list of what is needed will be provided.
Let Kingdom Houses furnish it
Alternatively Kingdom Houses can furnish your property for you and deduct it from the first month's rent.
Photos & description
Properties with good photos are twice as likely to let out than those that don't have any photos.
Let us take photos
Alternatively Kingdom Houses can come and take photos after staging the property. We will then also be able to write up catching market descriptions.
Read More | Request CallbackManaging a property
If you just want us to let the individual rooms and not get involved with management aspects like taking on bills, arranging Sky TV etc... then please go to the room to let section.
We will manage all aspects of your property. Kingdom Houses will take the responsibility of council tax, electricity , gas, broadband, telephone, internet and TV.
What we provide
This is an overview of the fundamental service we provide to you under full management
- Full lettings process
- Sourcing and replacing furniture
- General maintenance
- Bimonthly property inspection
- Producing detailed monthly reports
What you provide
This is what is required of you for the arrangement to operate smoothly.
- Full inventory of property
- Property keys
- Service level agreement
Room let prices
We will decide at what prices to let the individual rooms. Kingdom Houses have years of experience in pricing rooms in order to maximise profits. Price a room to high and flatmates will not stay for long, price the room to low and you will lose out on potential rent every month.
Go to the room to let section for an overview of room prices.
Cost / Pricing
For full management we operate a commission based charge determined by the room types. Fees are only charged when the room is occupied, no occupant = no fee. Bills still have to be covered.
The table below should purely be used to compare fees and your rental profitability
| Room Type | Vacancy rate | Commission |
|---|---|---|
| Roomshare | 20% or 2 months in every year | 30% |
| Single room (Knight/Duke) | 5% or 2 weeks in every year | 30% |
| Double room (Queen / King) | 10% or 1 month in every year | 30% |
Case Study
- The table below has been adjusted for lost rent due to the typical vacancy rate for each room
- The costs are inclusive of everything such as council tax, electricity, gas, TV, broadband etc...
- The net rent is the final amount of rent that is paid towards the owner of the property
In our case study we have take a 3 bed house with 2 receptions (which are converted into bedrooms) and have let them out as 1 single room 2 doubles and 2 roomshares. This results in a total of 6-7 people in the house.
| Room Type | Rent | Rent less costs | Commission | Net Rent |
|---|---|---|---|---|
| Roomshare (per room) | £650pcm |
£520pcm |
30% (£156pcm) |
£364pcm |
| Single room (per room) | £455pcm |
£335pcm |
30% (£100pcm) |
£235pcm |
| Double room (per room) | £540pcm |
£420pcm |
30% (£126pcm) |
£294pcm |
Profit breakdown
| Room Type | Net per room | Total Net |
|---|---|---|
| Roomshare | £364pcm |
£728pcm |
| Single room | £235pcm |
£235pcm |
| Double room | £294pcm |
£588pcm |
| Totlal Net rent. | £1551pcm |
|
The case study above was done on a property which is valued to fetch £1350pcm at the current market rate. Now if an estate agency offered full management at 10% (which is the typical rate) the landlord would get £1215 after commission. With our full management the landlord will get £1551pcm which is 27.6% more rent each month.
Frequently Asked Questions
Are there any other costs?
There is a small registration fee of £45.00 per room. A five bedroom house will have a registration fee of £225.00
Why is there a registration fee
The registration fee goes towards getting the room/property onto our books and out there into advertisements.