Mortgage

Property Rental Prices Are 7x More Expensive In the South Compared To The North

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Did you know a 4 bed house in London can demand as much as £4,937 a month vs just £643 a month in Hull?

Landlord Buyers, a specialist house-buying agency, who allow landlords to sell their house with sitting tenants, have delved into the latest research to find out where in England you can get ‘more for your money’.

  • The cheapest city to rent a One Bedroom property is Durham (£375/month)
  • The cheapest city to rent a Two Bedroom property is Durham (£425/month)
  • The cheapest city to rent a Three Bedroom property is Durham (£519/month)
  • The cheapest city to rent a Four Bedroom property is Hull (£643/month)

When comparing neighbouring cities:

  • Renting a One Bedroom property would cost you £615/month in Coventry vs £650 in Newcastle upon Tyne
  • Renting a Two Bedroom property would cost you £500/month in Sunderland vs £700 in Newcastle upon Tyne
  • Renting a Three Bedroom property would cost you £645/month in Bradford and £690/month in Wakefield vs month vs £850/month in Leeds
  • Renting a Four Bedroom property would cost you £1,200/month in Salford vs £1,500/month in Manchester

It’s no surprise that the North East holds the title for the cheapest average monthly rents for One (£425/month), Two (£495/month), Three (£565/month) and Four bed (£900/month).

With cost of living crisis, and a well-documented housing shortage across many of England’s cities, are these monthly rental prices fair? 

 

CITIES One Bedroom Property
Monthly Rents
Two Bedroom Property
Monthly Rents
Three Bedroom Property
Monthly Rents
Four or more Bedroom
Monthly Rents
City of London £1,712 £2,297 £2,800 N/A
City of Westminster £1,700 £2,275 £3,433 £4,937
Oxford £1,050 £1,250 £1,500 £2,288
Cambridge £1,000 £1,275 £1,445 £2,000
Brighton and Hove £900 £1,200 £1,500 £2,100
Bristol £900 £1,200 £1,400 £2,325
St Albans £900 £1,295 £1,700 £2,500
Chelmsford £850 £975 £1,200 £1,650
Bath £850 £1,000 £1,273 £2,200
Winchester £798 £950 £1,250 £1,850
Manchester £750 £875 £1,000 £1,500
Chichester £750 £925 £1,183 £1,773
Salford £699 £750 £700 £1,200
York £695 £795 £900 £1,400
Portsmouth £695 £825 £1,000 £1,500
Exeter £675 £850 £980 £1,625
Southampton £660 £850 £900 £1,400
Birmingham £650 £735 £800 £1,150
Leeds £650 £775 £850 £1,560
Norwich £625 £750 £825 £1,400
Coventry £615 £725 £825 £1,250
Nottingham £595 £695 £735 £1,095
Peterborough £595 £725 £825 £1,150
Lichfield £595 £725 £858 £1,250
Gloucester £580 £750 £875 £1,250
Newcastle upon Tyne £578 £700 £795 £1,560
Sheffield £575 £625 £675 £952
Plymouth £550 £675 £815 £1,050
Chester £550 £650 £750 £1,150
Leicester £545 £660 £750 £1,100
Lincoln £525 £625 £725 £950
Liverpool £525 £600 £650 £1,216
Lancaster £495 £575 £675 £825
Wakefield £475 £575 £690 £880
Wolverhampton £475 £650 £750 £950
Derby £475 £625 £700 £1,010
Bradford £450 £550 £645 £805
Preston £450 £550 £600 £900
Stoke-on-Trent £425 £495 £600 £845
Sunderland £425 £500 £563 £850
Carlisle £395 £475 £580 £780
Hull £385 £450 £525 £643
Durham £375 £425 £519 £750

 

REGIONS One Bedroom Property
Monthly Rents
Two Bedroom Property
Monthly Rents
Three Bedroom Property
Monthly Rents
Four or more Bedroom
Monthly Rents
LONDON £1,225 £1,475 £1,750 £2,500
SOUTH EAST £775 £950 £1,200 £1,733
EAST £720 £850 £1,000 £1,450
SOUTH WEST £625 £770 £900 £1,500
WEST MIDLANDS £550 £675 £775 £1,150
EAST MIDLANDS £525 £640 £725 £1,050
NORTH WEST £515 £595 £695 £1,000
YORKSHIRE AND THE HUMBER £500 £595 £650 £1,050
NORTH EAST £425 £495 £565 £900

 


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