Hiring a property manager in London can significantly reduce stress for landlords, streamline operations, and ultimately protect your investment. But how much does it actually cost? With fees ranging widely depending on service level, location, and agency reputation, it’s important to understand what you're paying for—and what value you’re getting in return.

In this guide, we break down the typical costs of property management in London, the types of services offered, and how Beechill delivers unbeatable value for landlords across Central and Greater London.

London property with beautiful facade, representing high-end property management services in Central London.

🔄 Average Property Management Fees in London

Property management fees can vary significantly, but in general, here’s what landlords can expect:

• Let-Only Service: 8% - 12% of annual rent

This includes marketing the property, conducting viewings, tenant referencing, and drafting tenancy agreements.

• Rent Collection Service: 10% - 14% of monthly rent

On top of let-only, this includes collecting rent, chasing arrears, and producing regular statements.

• Full Management: 12% - 20% of monthly rent

A comprehensive service covering everything from maintenance coordination and legal compliance to tenant relations and renewals.

Some agents also charge setup fees, renewal fees, or admin charges on top, which can significantly increase overall costs.

⚠️ Hidden Costs to Watch For

When comparing property managers, it’s vital to check for the following hidden charges:

Tenancy renewal fees
Maintenance markups
Contractor call-out fees
Extra charges for property inspections
VAT on top of quoted rates

A cheaper base percentage might end up costing more in the long run if the agent adds extras to every action.

💼 What You Get for Your Money

Great property management is about more than collecting rent. Here's what a fully managed service should provide:

Legal compliance with the latest UK and London rental regulations
Prompt maintenance coordination
Emergency response support
Rent arrears handling
Routine inspections and reports
Tenant communication and dispute resolution
Guidance on market rent and renewals

🚀 Beechill: Premium Service, Transparent Pricing

At Beechill, we believe in clarity, quality, and care. We offer a simple, all-inclusive full management service that encompasses more features than any comparable service in London:

One flat fee with no hidden extras
Full legal compliance and licensing oversight
24/7 tenant support
Routine and emergency maintenance
Detailed reporting and landlord updates

Our clients enjoy peace of mind, better tenant retention, and stronger returns thanks to our proactive approach and attention to detail.

📊 Final Thoughts

Property management costs in London can vary, but they should always reflect value, transparency, and service quality. Whether you're letting a single flat or managing a portfolio, a good property manager protects your time, money, and reputation.

Thinking about switching agents or outsourcing management for the first time?
Contact Beechill for a tailored quote and a no-obligation chat. We’d love to help you maximise your property’s potential.

💸 How Much Do Property Managers Cost in London?