QUOTE (n00b @ Feb 11 2008, 01:47 PM)

i'd appreciate some feedback... call it market research.
I have a house which my tenant of 5 years has now sadly left. it has a large double bedroom, & a ridiculously large double bedroom; is it better to split the ridiculous room and rent as a 3 bed (one double & 2 single about 8x11ft), or leave as is? it only has one bathroom, and a stupidly large garden, and I only have about £2k to spend...
I don't know, but there are too many rabbit hutches out there for people to live in. So you have to weigh the extra income from having an extra bedroom, but with less chance of renting it out in an increasingly competitive market, with less income from it being a two bedroom house but a much higher chance of renting it out.
How difficult are void periods for you? How easy is it to rent out a house in your area? If a tenant lived there for 5 years then it sounds like they were quite happy with it.