Revealed - the London suburb where properties let in five days

A London agency says properties in its patch let in just five days. 

Draker Lettings in Fulham has just 22 available instructions this month and properties are being let within an average of five days from coming to market.

Managing director Tim Hassell explains: “Currently we are receiving around 90 enquiries each week for just 22 available properties. Compared to May 2020, when we received approximately 20 enquiries each week and peaked at 126 properties available to rent at the start of Covid.”

He says Fulham is experiencing unprecedented interest from prospective tenants who are attracted to the area because of the varied style of properties, the extensive choice of new and well-received restaurant and café openings as well as good transport links. 

As a result of this, Draker Lettings has achieved the asking price or above for their landlords on all new tenancies since the start of 2022. 

In March, a one bedroom property marketed for £475 per week on Fulham Road, generated over 100 new enquiries within the first 24 hours of being launched online.

Hassell adds: “This year, we have achieved more lets in Q1 than ever before - a clear indication that Fulham is fast becoming a go-to destination with its excellent local amenities and infrastructure.  Over the last 12 months, apartment prices have increased by an average of 12 per cent, reflecting the lack of supply versus strong rental demand.”