QUandary over long term tenants

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Silverfox
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My tenants have been at this property for seven years - (possibly foolishly) I have never increased the rent from 650pcm.
They are good tenants and I believe they appreciate their rent level!
Now general running costs are more than catching up - the current rent (according to similar properties) is 900-950pcm.
I appreciate I cannot just raise the rent to this level , which would be astronomical for this family - so I have alternatives: the house is eleven years old, needs decorating, garden re-instating, new carpets, the lot. I could just serve them notice, get stuff done and re-let at better rate.
I could possibly increase rent by 50 (??)
Or have you experienced landlords any other solutions?
Thank you.
04/12/2015 09:53

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