The Independent have published a realistic guide to letting during the Olympics. Here are the stand out points:
1. If you are currently letting it to tenants, don’t terminate your existing rental agreement for two weeks of higher rent – good quality long-term tenants are worth their weight in gold
2. Centrally located properties, waking distance from public transport will do well – remember too that guests will be expecting hotel standard accommodation
3. As a rule of thumb, look at 2-3 times the standard rental value of the house: a typical three bedroom property in Shoreditch which is convenient for the Olympic Park would let for £600-£800 per week so during the Olympics this would go up to around £2,000, maybe even £3,000.
