How are room rents looking now 2015 is in full swing?

publication date: Feb 19, 2015
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

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Spareroom Index...

Renting by the room can be a good thing for both landlords and tenants, especially in cities like London where rates are particularly expensive.

Read - SpareRoom's renting by the room checklist

From the perspective of a tenant, renting by the room often makes far more financial sense than renting a whole property. For landlords, in expensive areas, renting out individual rooms is a way of covering costs, however the cost of maintaining these rooms may increase.


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Big Risers January 2015    Annual Change
Oldbury £480 per month +31%
London - East Central £955 +13%
Huddersfield £350 +10.1%
Big Falls    
Belfast £272 -28.2%
Batley £282 -23.5%
Rochdale £298 -21.8%
Top Room Rents    
London - East Central £955 +13%
London - West Central £902 -4.6%
London - West £831 +1.5%
Best Value Room Rents    
Belfast £272 -28.2%
Batley £282 -23.5%

 

SpareRoom.co.uk comment that:-
'January’s average room rent was £570, up from £561 in December 2014 and up 12% from £509 in January 2014. East London saw a particularly sharp rent rise in 2014, raising 14% year on year. Areas with more moderate annual rises include Birmingham (2%), Newport (2.5%) and Ilford (3.6%). In other areas, including Hull, Plymouth and Harrow, rents remained relatively constant year on year.'

Read - SpareRoom's renting by the room checklist

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Tenants


Landlords 


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Which? Property books and one of the UK's top property experts.
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