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Where to find tenanted buy to let units for investors to purchase

Only 2% of current properties listed for sale in London have a tenant in situ, according to lettings agency Benham and Reeves.

This is the lowest proportion anywhere in England.

The agency analysed the number of buy to let properties listed for sale across England with a tenant already in place and how this compares in each region.


The analysis found there were only a little over 11,000 rental properties across the country offering the addition of a tenant in situ. 

The North West boasted the largest proportion - 21% of the national total. The South East ranked second at 16%, although Yorkshire and the Humber (14%), the East Midlands (13%), East of England (11%) and West Midlands (11%) also offered a similar degree of tenanted property investment opportunities. 

Buy to let investments with a tenant in place were fewer in the South West and North East, as each region accounted for just 5% of the national total respectively. 

Marc von Grundherr, director of Benham and Reeves, says: “Void periods can be a significant thorn in the side for buy-to-let investors and will seriously reduce the earning potential of their investment if they drag on for too long.

“So a tenanted property can make for a very appealing investment opportunity as it allows a rental income to be generated as soon as the deal has been done. 

“While London is home to the lowest proportion of tenanted property availability for current investors, they need not worry.

“Such is the imbalance across the capital’s rental market that any available stock is letting at a phenomenal pace and so they can rest assured that if they do bring an empty property on the market, any void period is likely to be very short lived.”

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    My experience is that a tenant in situ devalues a property, so most LLs evict first.


    100% correct.

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    I tried to sell a flat in London with a tenant in situ. In 6 months I only had one silly offer. So yes, I would have to drop the price 10% to 20%. I decided to raise the rent instead.

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    • A S
    • 25 April 2024 13:19 PM

    The best solution for most scenarios is to sell a vacant property. And get it dressed for the Airbnb market for the 6+ months it will take to sell, which will at least cover your costs for that period hopefully

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    The only people saying it's a good idea to sell tenanted properties are those companies who specialise in selling tenanted properties. Everyone else says it's a bad idea. I sold 2 HMOs as tenanted, and one flat. The flat took 12 months to go through. The HMOs weren't as bad except both sold to new (clueless) landlords who kept coming up with total rubbish such as saying the council tax should be in the tenants names etc etc. I nearly tore my hair out as did my solicitor.


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