Socket to 'Em ; INVESTMENT ++ Even a One-Bed Flat Can Command Higher Rent If It's Hi- Tech. by Chris Partridge
Partridge, Chris, The Independent (London, England)
The days when tenants would be happy with a simple TV aerial socket in the corner of the living room to provide their entertainment are over.
Now they want a gazillion channels, and they want a monster high- definition telly to watch them on.
And that's not all. Tenants do not want bulky loudspeakers with messy wires trailing all over the carpet. They want speakers concealed behind the walls or in the ceiling, controlled by remotes so they can listen to their favourite music in any room, including the loo.
Entertainment systems like this used to be the preserve of the rich, but plummeting prices have made them much more widely affordable. Cost-conscious buy-to-let landlords miss out if they fail to cater to the new demand, says the letting agent Alex Koch de Gooreynd of Knight Frank. "An entertainment system is an integral part of a high-end level of finish, along with the fancy kitchen and bathroom, which puts up the yield from an average of 5 per cent to 6 per cent," Koch de Gooreynd says. "Tenants paying from [pound]400 a week for a good one-bed flat want a plasma television, high definition, Sky and broadband as standard."
In the higher reaches of the rental market, tenants start demanding screens in every room, including a TV in the tiles at the end of the bath. "They also want surround-sound in the living room and a control system so he can watch sport in one room and she can watch EastEnders in another," Koch de Gooreynd says.
Wireless broadband is now assumed, he adds. This is not difficult to do - all you need is a wireless broadband access point costing less than [pound]100, but it is necessary to position this as close to the centre of the property as possible, and the telephone socket needs to be near a power outlet.
One reason why tenants demand built-in flat screen TVs is the sheer size and weight - a 50in …
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Publication information: Article title: Socket to 'Em ; INVESTMENT ++ Even a One-Bed Flat Can Command Higher Rent If It's Hi- Tech. by Chris Partridge. Contributors: Partridge, Chris - Author. Newspaper title: The Independent (London, England). Publication date: March 21, 2007. Page number: 20. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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