Would you make an offer on a reduced property?

[Redapce]

It's a rental property in central London. The local market here is a lot quieter than it was and prices are not rising like in the suburbs.

We had a viewing on a flat that we liked. It has been listed for 3 weeks. It was originally listed for £4,000 pcm. It was reduced a few days ago to £3,800.

We'd be up for renting it if it was more like £3,650 - £3,700.

Do you think it's worth a go?

You’ve nothing to lose by asking. The worst they can say is no!

Definitely- from the LL's perspective the difference in rent between asking and your offer for 3 years is covered by them risking having the place empty for a further month. I'd be inclined to go in 3600 if you can occupy immediately.

It wouldn't occur to me not to make an offer. Doesn't matter what they're asking.

I'd offer £3500 and negotiate from there. You may then end up agreeing the amount you intended of £3700