Good time to become a landlord
22nd September 2009
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Coastal Homes in Rhyl is run by husband and wife team Martin & Carol Adshead. They have many years experience in property rental and offer good quality homes to let in Rhyl and surrounding areas.

As they only deal in rentals and not sales they are in an ideal position to offer advice and guidance to people who may be considering letting their property out to tenants for the first time.

Whilst the media is "talking up" property sales in an effort to boost confidence in the housing market, a recent report in The Times suggested that although prices are stabilising we won’t see any significant rises until 2011.

We caught up with Martin recently who gave us an example of one of his clients who has taken advantage of the rental market – here’s a summary -


  • 2 bed bungalow purchased for £80,000
  • 20% deposit: £16,000
  • Balance: £64,000
  • Interest only mortgage approx: £255 per month
  • Rental: £550 per month
  • Profit : £283 per month - over 100%
  • Return on cash invested (£16k) = 21% per annum
  • Better than the banks!


** Please note that there are other fees to be taken into consideration such as conveyancing and arrangement fees.


Martin also told us that there is a higher demand than supply when it comes to rental properties at the moment and that he would like to talk to any existing or prospective landlords who would like him to manage property for them.

Coastal homes offer a full range of property management services, from finding tenants right through to rent collection.

Have you been considering letting property but are worried about the risks?

  • Financial
  • Voids & Non Payers
  • Damage
  • Time commitment
  • Marketing
  • Checking of applicants
  • Legislation
  • Rent Collection
  • Property Maintenance

Then Coastal homes can minimise the risks for you by carrying out tenant checks and advising you on all current legislation.

If you have a property you would like to let, are interested in getting into property lettings for the first time or maybe you have a house to sell and would like to look at the options available for letting it out then give Martin or Carol a call.


Coastal Homes

177 Wellington Road



Tel (01745) 369764





About the Author

Jeremy R & Alison M

Member since: 1st September 2010

Hi, we are Jeremy Routledge & Alison McMillan and we have been running The Best of Rhyl since 2007. The most rewarding part of running our businesses is helping to promote good local shops and services...

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