Where can you get the most affordable, spacious property rentals?

 

As London rentals are the most expensive in the country, northern cities offer much more bang for your buck for property size, build, amenities, and cost of living.

The comparison website GoCompare recently released a 3D 360-degree tool that reveals the type of property the average weekly rent in London will get you in the different boroughs in the capital and a selection of cities across the country. The search function also allows you to compare any rental type or strictly homes or flats.

London’s astronomical rental prices

The average rent for an entire property in London costs £2,885 a month or £666 if you break it down per week. And often these properties are small, two-bedroom flats around 600 to 800 square feet. For example, in Westminster, you can get a 720-square-foot two-bedroom flat with a balcony and communal garden for the average rent in all of London. Near Kew Gardens, Richmond upon Thames has two-bedroom flats at 831 square feet at the same cost.

Look to the north for more value

Across the UK, especially in the north, you can find spacious rentals in prime city locations with four to seven bedrooms for the same price and sometimes even less than the average rental cost in London. Leeds and Manchester offer the most spacious options with properties from 1,300 to 1,700 square feet.

In Manchester, you can get a six-bedroom terraced house – split over three floors – with a garden for the average cost of a two-bedroom flat in many London boroughs. Additionally, Manchester recently surpassed the capital as the most liveable city in the UK. Leeds is another city that has become a popular place among homebuyers and renters. There you can rent a four-floor split property with seven bedrooms, allowing renters to get much more for their monthly rent than in London.

With the average rental cost of a small flat in the capital, you would be able to rent a four-bedroom detached home with a double garage, conservatory, spacious garden, and a new kitchen in Birmingham. On top of that, because of the city’s rise in newer properties, low crime rates, and almost no flood risk, Birmingham was recently named the UK’s safest city to live in. Then, over in Liverpool, a four-bedroom barn conversion with a grand entrance hall, double garage, and gym room will cost the average rent for a two-bedroom flat in London.

With London’s high price tag for even small properties, Britons are looking to the north for better value in rentals, homes, and investments. Not only can you rent larger flats and homes in northern cities, but the properties also often have more amenities, making renters’ money go a lot further.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

buyers sellers

Where can you get the most affordable, spacious property rentals?

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.