Why are mews properties a smart investment for landlords?

At Lurot Brand, we value the strong relationships we’ve built with our landlords, many of whom have worked with us for decades. One such landlord is David S., who has let mews properties in London for over 25 years. In this interview, he shares his experience of the lettings market – how it’s changed, the challenges ahead and why he still believes in the value of mews living for both landlords and future generations.

Landlord Insights: Investing in Mews Properties

How has your experience been letting your properties with Lurot Brand?

I’ve been extremely lucky – or maybe Lurot Brand has just done a great job. They’ve always found tenants quickly. Over the years, I’ve only had a couple of short void periods, and most of my successful lets have come through them.

What’s changed in terms of rental income?

There used to be consistent uplifts in rental income. That’s become harder recently – you don’t see the same increases. Still, rental income remains strong overall, especially now that interest rates are starting to come down. When rates were high, it wasn’t the same environment. But over 25 years, I’ve seen more gains than losses. I also value having a tangible asset – something to pass on to the next generation.

What concerns do you have about the future?

New legislation is a big concern. If it’s too strict, I think a lot of landlords might exit the market. Often, the media is more pessimistic than accurate, so we’ll have to wait and see. But if rules limit your ability to sell or manage your property flexibly, that could definitely have an impact.

What advice would you give to new landlords?

Don’t go into the lettings market unless you’re prepared to stay in for the long term. There will always be ups and downs, but London has strong rental demand, and I believe that trend will continue.

How do interest rates affect the picture?

Massively. Gone are the days of 1% mortgages. I think rates will settle in the high 3s or low 4s. If borrowing costs rise too high and rents can’t keep pace, it becomes harder to see a return. But property remains a solid long-term investment.

Why mews properties in particular?

They’re usually freehold, so you avoid service charges you’d have with a flat – which can be sometimes £1,000-£2,000 approximately a month. Mews homes are also easier to sell long term. I’m from Norfolk, so I really appreciate the calmness of mews streets. They’re quiet, safe, and there’s a community feel you just don’t get in blocks of flats. It’s been a great choice.

Looking Ahead

David’s experience highlights the resilience of the lettings market and the enduring appeal of mews properties. Despite economic shifts and legislative uncertainty, he remains confident in the long-term value of bricks and mortar – particularly when backed by the right expertise.

Thinking of letting your mews property? Get in touch with our lettings team today to find out how we can support your goals: lettings@lurotbrand.co.uk.