Resources — Due diligence · 4 min
Rental Comparables Sheet
A rent figure from a listing is a hope; a rent figure from a phone call is evidence. Complete one line per comparable, and don't stop until three are confirmed — your lender's valuer will do exactly the same, so you want to get there first.
How to use this
Complete one entry per comparable: find it, phone the letting agent, confirm the real figure, then tick it. Three confirmed entries and the sheet is done.
01
For each comparable, record
- Address or street, distance from the subject property
- Beds, property type, condition relative to yours (better / same / worse)
- Advertised rent and date listed
- CONFIRMED: spoke to the letting agent — actual achieved rent, and how quickly it let
- Demand signal: how many enquiries or viewings the agent reported
02
Rules
- Same street beats same postcode; same postcode beats same town
- Condition-adjust honestly: your unrefurbished rent isn't the refurbished comparable's rent
- Discard anything listed over six weeks — the market is telling you the price is wrong
- Use the middle figure of three confirmed comps, not the best one
- Note the date — comparables expire; re-run after three months
Related documents
Working documents, not advice — take professional advice where your situation needs it.