Average Advertised Rent Rises
By |Published On: 9th October 2015|

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Average Advertised Rent Rises

By |Published On: 9th October 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Average Advertised Rent Rises

Average Advertised Rent Rises

The average advertised rent price increased by 4.5% on an annual basis during the third quarter (Q3) of the year, according to Rightmove.

The property portal reveals that the average advertised rent is now £762 per month across the UK, excluding London.

The average rent in Greater London is much higher, at £2,014 a month.

Rightmove’s research also found that for the highest landlord returns, head to Essex. It names Halstead in Essex as the top hotspot, with landlords earning a total return on investment (ROI) of over 26.3%.

Behind Halstead sit:

  1. Borehamwood, Hertfordshire – 26.1%
  2. Brentwood, Essex – 25.9%
  3. Cottingham, Yorkshire – 25.7%
  4. Purfleet, Essex – 25.1%
  5. Stevenage, Hertfordshire – 23.8%
  6. Bushey, Hertfordshire – 23.7%
  7. Henley-on-Thames, Oxfordshire – 23.4%
  8. Chatteris, Cambridgeshire – 23.2%
  9. Grays, Essex – 22.9%

Head of Lettings at Rightmove, Sam Mitchell, believes that rents could rise even further if landlords leave the market due to the clampdown on buy-to-let mortgage tax relief.

He comments: “It remains to be seen how much of an impact the new policy will have, but in the right areas and with proper advice and management, property remains an attractive investment.”1

1 http://www.propertyindustryeye.com/asking-price-rents-rise-and-the-only-way-is-essex/
















About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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