It’s a turbulent time to be a landlord. On one hand, rents are soaring to record levels. On the other, new legislation and potential tax changes are poised to shake up the sector like never before.

This September, the rental market is at a crossroads — and landlords in Retford and Bassetlaw need to know what’s coming next.

Across the UK, average monthly rents have climbed to a staggering £1,577 — the highest figure ever recorded. Here in Retford and the wider Bassetlaw area, demand for well-presented family homes is pushing rents upwards, with properties letting faster than ever.

That sounds like good news — and it is — but there’s a catch. With tenants under mounting financial pressure, landlords must tread carefully. Set the rent too high, and you risk longer voids or quicker turnover. Strike the right balance, and you’ll secure long-term, reliable tenants who value your property.

The imbalance between supply and demand remains stark. Enquiries for quality rental homes are flooding in, particularly for three- and four-bedroom properties in popular school catchments.

This puts landlords in a strong position — but it also highlights the importance of tenant retention. Every void week eats into profits, so keeping good tenants happy is now more valuable than chasing a higher short-term rent.

The government’s Renters’ Rights Bill is moving closer to becoming law. Among the headline changes:

The exact timeline is still being debated, but the direction is clear: landlords will face stricter rules. The smart move? Prepare now. Review your tenancy agreements, double-check your deposit protection, and ensure safety certificates are up to date. Being reactive later could prove costly.

As if legislation weren’t enough, landlords are bracing for possible tax changes. Proposals include extending National Insurance to rental income and tightening Capital Gains Tax thresholds.

While nothing is confirmed, the message is clear: profitability is under scrutiny. Landlords who plan ahead — by budgeting for potential increases and seeking expert advice — will weather the storm far better than those who wait.

Opportunity: Tenant demand is at record highs. The right property, in the right condition, will let quickly and command a strong rent.

Threat: Legislative and tax changes could squeeze margins for unprepared landlords.

Action: Invest in compliance, proactive management, and tenant relationships now to stay ahead of the curve.

This September, the market sends a clear message: opportunity and risk sit side by side. Rents are higher than ever, but reforms and potential tax burdens mean landlords must act decisively.

At Nicholson’s, we specialise in guiding landlords through times of change — protecting investments, keeping properties compliant, and ensuring reliable rental income.

📞 If you want clarity and confidence in an uncertain market, speak to our lettings team today.