Average Rent

[beerhunter]

I've just been looking for a figure of what the average monthly rent is... finding everying from £42 a week to £743 a month. I guess one includes public rents, whilst the other doesn't... who knows, its such a wide variation

The reason I was looking was to compare with house prices... we know renting is currently cheaper.. but on average how much? and how much does the average house price need to drop for buying to become an option?

So I've devised a mini questionaire

I've tried to keep it to a small number of useful questions, covering who (do you rent from), how (much do you pay), what (to you rent), where (are you), and what is the market value of the property.

Please if you could take time to post you answers.. I think it should generate some interesting conclusions.

Here's the questions...

1) Type of landlord (private / council etc)

2) Monthly rent (in £)

3) Number of bedrooms

4) County

5) Estimated property value (if sold today)

Please label your answers 1 to 5.. it will help when collating the information.

Here's my answers;

1) Private

2) £725

3) 1

4) Surrey

5) £175k

Thanks to everyone who responds .. and any chance of getting this pinned please so everyone gets a chance to reply to it

[TW11]

1) Private

2) £750

3) 1

4) Middlesex

5) £225K (cos some numpty upstairs has one on the market for that much...)

Edited June 23, 2005 by TW11

[Guest muttley]

1) Private

2) 1200 pounds

3) 5

4) Lancs (Fylde)

5) 200k (priced to sell!) He bought for 249k in June 2004 (nethouseprices.com)

[homeless]

1) Type of landlord (private / council etc)

2) Monthly rent (in £)

3) Number of bedrooms

4) County

5) Estimated property value (if sold today)

1. private

2.150.00 per month!!!

3.one big huge room and a bathroom

4.lancashire ie blackpool

5.45k

[spiv]

1) Type of landlord (private / council etc)

2) Monthly rent (in £)

3) Number of bedrooms

4) County

5) Estimated property value (if sold today)

1. Private

2. 795

3. 3

4. Cheshire

5. £225

spiv

[RichM]

1) Type of landlord (private / council etc) - private

2) Monthly rent (in £) - 825

3) Number of bedrooms - 1!

4) County - Lambeth, innit

5) Estimated property value (if sold today) - 180-200K, ish?

[vicster]

1) Type of landlord (private / council etc)

HA

2) Monthly rent (in £)

£290

3) Number of bedrooms

2

4) County

B&NES

5) Estimated property value (if sold today)

£145k - price a very similar place is on the market for now 9although I don't fancy their chances)

[Unexpected]

1) Type of landlord (private / council etc)

2) Monthly rent (in £)

3) Number of bedrooms

4) County

5) Estimated property value (if sold today)

1. Private

2. 910

3. 1

4. London SE16

5. £250K

[delboypass]

1) Type of landlord (private / council etc)

2) Monthly rent (in £)

3) Number of bedrooms

4) County

5) Estimated property value (if sold today)

1/ Private

2/ £275

3/ Just rent a room but pretty much run of the house

4/ Suffolk / ipswich

5/ 90-120k (I wouldnt pay more than 40k!!!)

[non-FTBer]

1) Private Landlord (Lives in Switzerland but has several BTLs over here??)

2) £600 pcm

3) 2

4) Zummmerzzett

5) £165K (LR Figures for what was paid in 2002, IMHO it would struggle to sell for the same today... probably get £150K or a little more)

[Once in a lifetime]

1) Private

2) £600

3) 3

4) Kent

5) £250k. Edit: (now worth £220k and sliding)

Edited June 24, 2005 by burnt before

[Guest STR2004]

1) Private

2) £650

3) 4

4) Dorset

5) £250K

Hope this helps,

STR

[Gtr London FTB]

1) Private

2) £1100pcm

3) 1

4) London

5) ~£265k

[Giraffe Cat]

1) Private

2) £325 pcm

3) 1

4) Northants

5) £70K - £80K (ish)

[Spring Bounce?????]

1) Private

2) £550

3) 1

4) Sussex

5) £135k - £140

[leftysmate]

1) Private

2) £800

3) 3

4) Cheshire

5) £340K (Landlord had it valued 2 months ago)

[Ignorant Steve]

1) Private

2) £2700

3) 5

4) Warwickshire

5) £650,000 - £750,000

[hra]

1) Private

2) £775

3) 2

4) S. Oxon

5) £200K

[CrashedOutAndBurned]

1) Private

2) £800 pcm

3) 2

4) Herts

5) Difficult to value as it's a little more 'done up to the nines' than the average small house, with quality kitchen units and luxury bathroom. Similar properties usually go on the market for 179-182, but just hang around. More and more places are coming on lower now, and tired-but-solid places could probably be had in the low 160s, perhaps less, if push came to shove.

The gulf between renting and buying is probably not as great here as London. Considering the above house would have been 50-60k in 1999, requiring a piddling mortgage, locals people see rents and property prices as both brutally high.

[Mobsy]

1) Private

2) £795 pcm

3) 4

4) Shropshire

5) £300k - Similar house sold after asking £335k, this one needs updating though.

[echapps]

1) Private

2) £950 pcm

3) 4

4) Hampshire

5) £300k

Edited June 24, 2005 by echapps

[Libertine]

1. Private

2. Houseshare - 2 X £300 pcm (all bills in ).

3. Three (one for guests )

4. Derbyshire

5. ~210k (and falling !!)

[200p]

1) Private

2) £390 pcm

3) Studio 1

4) Dorset coast

5) 69K (next door similar unsold for 7 months)

Edited June 24, 2005 by trev

[David]

1) Private

2) £795 pcm

3) 3

4) Kent

5) £250k at peak

[CASHKING]

Morning all from Devon,

Private landlord

£825 for fully furnished barn conversion

3 double bedrooms/two bathrooms

Devon/ near Tiverton/Exmoor

£275- Because its been on the market for six months before i rented it. Why buy it when i have everthing supplied. Interest earned from money in the bank from sale of my house covers the rent. I will buy it when the price reaches 12 x yearly rental