Average UK rents reached the highest levels since 2014 with a peak of £996, making it the fifth consecutive month that the price has increased*
When excluding London, data from April highlights that the average rent in the UK is now at £853, projecting a 0.7% increase on the previous month and an increase of 6.2% on last year.
Do you know the average rental prices in your area?
Based on the average rental prices in Chadwell Heath and surrounding areas, you could be generating:
One bedroom property: £992 PCM
Two bedroom property: £1,218 PCM
Three bedroom property: £1,580 PCM
We are still continuing to see strong demand from tenants.
As we gradually ease from protective measures rental prices could accelerate even further.
Furthermore, with the government taking steps to introduce shorter notice periods, reducing from six to four months from 1st June, landlords have time to prepare and safely regain possession.
Find out more, visit: gov.uk/government/news/support-for-renters-continues-with-longer-notice-periods