The typical value of renting a property within the UK has risen to £1,204 a month for the primary time on file.
In some locations, that sum of money will help you lease a four-bedroom indifferent home, however in others, it could solely prolong to a room in a shared flat.
The one factor that has remained fixed is the rise in common rents, that are up 7.1 p.c over the previous 12 months.
Tenants are actually paying an additional £960 a 12 months to lease in comparison with this time in 2021, in response to Hamptons property brokers.
We take a look at eight homes within the UK which are obtainable to lease for round £1,200 a month – together with this studio (pictured) – scroll down for extra particulars.
Daniel Copley, of web site Zoopla, stated: ‘The rental market is getting extra aggressive, and costs are rising.
“Personal landlords promoting their houses on account of tax and regulatory modifications are placing additional stress available on the market and we anticipate demand to proceed to outstrip provide and keep stress on rents till 2023.
‘There are nonetheless indicators that the tempo of value development is peaking and set to decelerate subsequent 12 months as renters search smaller, higher worth for cash rental homes.’
So what’s the common quantity of lease to purchase tenants searching for a brand new residence throughout the nation?
We take a look at what you’ll be able to lease for round £1,200 a month in numerous locations within the UK.
Eight properties to lease for £1,200 a month…
1. Three-bed home, Essex, £1,200 a month
This engaging semi-detached property in Braintree, Essex, is on the rental marketplace for £1,200 a month by way of Kings Property
Inside, the three-bedroom household residence has a brightly coloured kitchen with contrasting worktops and flooring
There’s a good dimension backyard to the rear of the property, while to the entrance of the home there’s various off street parking areas.
When you’re a tenant searching for a house in Essex, this semi-detached property in Braintree might match the invoice.
It has three bedrooms, a light-colored kitchen and a good-sized backyard that lends itself to a younger household.
It’s obtainable to lease unfinished for £1,200 a month from December by way of letting agent Kings Property.
2. Studio, North West London, £1,200 a month
This studio flat is situated on London’s Golders Inexperienced Highway and can lease for £1,200 a month by way of Hausman & Holmes
The property has a contemporary bathe room with grey tiles and a window that enables for loads of flooding
Hire costs in London are typically larger amid excessive demand and low provide. It implies that your cash might not return as far. This studio flat is at the moment available on the market to lease for £1,200 a month.
It’s unfinished and is on the primary flooring of a contemporary block on Golders Inexperienced Highway in North West London. It’s obtainable by way of letting brokers Hausman & Houses.
3. Two-bed bungalow, Dover, £1,200 a month
This two-bedroom bungalow in Kent River Village, close to Dover, is offered to lease for £1,200 a month by way of John Youden and Son brokers.
The property has a big lounge in addition to two bedrooms, off street parking and a spacious conservatory
The property has a big decked veranda with spectacular far reaching views over the backyard and past
This two-bedroom bungalow within the village of Kent River, close to Dover, has a big decked veranda with far-reaching views.
It’s obtainable instantly and could be rented for £1,200 a month by way of brokers John Youden and Son.
4. 4-bed barn conversion, Tenbury Wells, £1,200 a month
This four-bedroom barn conversion is situated available in the market city of Tenbury Wells, on the north western fringe of Worcestershire’s Malvern Hills district.
The principle lounge has a vaulted ceiling and sufficient house to accommodate a spacious eating desk for entertaining.
The distinctive rental property has its personal personal patio with countryside views, and makes use of a communally maintained backyard.
The Malvern Hills in Worcestershire present the setting for this beautiful four-bedroom barn conversion.
It has a big lounge and is obtainable for full lease for £1,200 a month by way of letter agent G Herbert Banks.
5. One-bed flat, Edinburgh, £1,250 a month
This one-bedroom flat in Edinburgh’s New City is offered to lease for £1,250 a month by way of mail agent Lovett.
The property is let furnished and is offered from the start of December with a deposit of £1,450
The spacious flat has a big kitchen with sash home windows, picket flooring and house for a small breakfast desk
This one-bedroom flat in Edinburgh’s New City is offered to lease above the common UK lease.
It has a big and brilliant inside, and is offered to lease for £1,250 a month by way of mail agent Lovett Edinburgh. It’s furnished and parking permits can be found.
6. four-bed home, Liverpool, £1,200 a month
This four-bedroom townhouse in Liverpool’s Cressington rents for £1,200 a month by way of Transfer Residential
The property is let unfinished and has a big trendy kitchen and backyard in addition to a storage
This four-bedroom city home on Lowestoft Drive, within the Liverpool space of Cressington, is offered to lease for £1,200 a month by way of mail agent Transfer Residential.
In addition to the backyard itself, it additionally has off road parking and a storage. It’s obtainable on the finish of this month.
7. Three-bed home, Staffordshire, £1,200 a month
This engaging semi-detached home is located within the village of Hints, which is near Tamworth in south east Staffordshire.
The household residence in Staffordshire has a big cottage-style kitchen in addition to a conservatory and three bedrooms.
The property has a big backyard and is offered to lease for £1,200 a month by way of letting agent Carter Jonas.
This engaging semi-detached home is located within the village of Hints, close to Tamworth in south east Staffordshire.
It has three bedrooms, a conservatory and enormous backyard, in addition to off road parking. It’s obtainable to lease for £1,200 a month by way of mail agent Carter Jonas.
8. Two-bed cottage, Looe, Cornwall, £1,200 a month
This rental cottage on the Cornish coast of Looe is offered to lease for £1,200 a month by way of Stratton Creber mail agent.
The gorgeous cottage has uncovered stone partitions, in addition to window seats and a comfy fire in the principle lounge.
There are two bedrooms in addition to an outside seating space on the entrance of the property overlooking the road
This two-bedroom rental cottage on the Cornish coast of Looe has uncovered stone partitions, window seats and a comfy fire.
Near a small sandy seashore in addition to native retailers and tea rooms. It’s obtainable to lease furnished for £1,200 a month by way of Stratton Creber mail agent.