Properties for Rent in Malabe
The best housing option to consider when living temporarily in a town for individuals or families is renting or leasing. It gives the freedom of being able to move towns easily whenever required and saves money when compared purchasing a house. When moving to Malabe, tenants have a wide range of properties for rent in Malabe to choose from. This includes an annex for rent in Malabe, a house for rent in Malabe or a commercial property for rent in Malabe if you’re doing business.
In fact, there is a demand for convenient and reasonably priced lodging because this area is home to a number of renowned institutions and enterprises. Many of the homes are designed for the average 2-4 member families and sometimes come with additional features such as hot water, parking, balcony etc.
The value of the properties for rent in Malabe varies based on type and features. Therefore, in general, the more advanced features the property comes with, the more rental is charged from the tenants. The value of the property can increase with the right location as well.
For people who travel by public transport, having quick access to buses and trains is advantageous. Thereby showing a pattern of increasing tenants looking for properties for rent in Malabe close to the Galle road. Those living on their own generally prefer living in a room for rent in Malabe that offers just enough facilities for a single person to live comfortably. With Colombo being just 10 kilometers away from this town, it is an even great suburb to live in.
Two-story residences with three bathrooms—two attached and one common—along with living rooms and dining rooms are frequently seen in the houses constructed in this town. The annexes for rent in Malabe also offer similar features, but are comparatively smaller and less spacious. But in terms of budget, they are the best options to consider. When compared to a house for rent in Arangala or Koswatta, the monthly rent for an annex is just Rs. 35,000 month and tenants can find annexes just for ladies or girls and other specifications.
But for families, the best places to live are in Malabe are the quiet communities with houses. The location and amenities of the property affect the rental rates and so does the existing and potential demand. For Rs. 100,000 per month, tenants can find a four-bedroom house with three bathrooms for rent. While a three-story luxury home would be designed with a living room, dining area, and separate servant quarters, all powered by solar energy.
The popularity of Malabe as a residential location has also created a trend of tenants searching for properties in nearby towns. As a result, the search for a house for rent in Thalangama, Thalawathugoda, Battaramulla and Thalahena have risen in numbers significantly.
Property owners in Sri Lanka frequently rely on renting out unused space in their homes as an additional source of income. Through this, they earn a return on their investment in property and are able to keep the homes occupied. In fact, most of the owners of the houses for rent in Kaduwela, Pittugala and Athurugiriya live in the ground floor while they rent out the second or third floors to tenants.
Apartments for rent in Malabe are yet another type of in-demand real estate. These contain rooms with attached bathrooms, open floor kitchen plans and more. Orchid Apartments in Malabe charges Rs. 75,000 for a two-bedroom apartment for rent. While Prime Residencies offer three bedrooms and two bathrooms—one attached and one shared—for the same price.
Most apartments in this town come with a clubhouse, a pool, and workout facilities. There is no restriction on who can live in these permanently or temporarily. As such, there is also a community of non-local residents purchasing or renting homes in these condominiums.
The best homes for foreigners are single-story studio apartments. A variety of amenities are offered in these to make them stay comfortable. While for people who value community, housing schemes in gated communities offer the ideal selection of homes. An average family can live comfortably in 04 bedrooms with 03 bathrooms. This kind of home is conveniently close to bus stops and stores.