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Average Rent, Tenancy Length and Void Periods

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Wed 06 Mar 2019

Average Rent, Tenancy Length and Void Periods

Landlord Today have produce an article highlighting the average rents, tennacy lengths, void periods and other aspects in different areas of the UK.


North West:

Average rent - £752
Average void - 27 days
Average tenancy length - 9 months
Average tenant age - 32
Average annual tenant income - £20,000.

North East:

Average rent - £635
Average void - 24 days
Average tenancy length - 9 months
Average tenant age - 31
Average annual tenant income - £17,000.

Wales:

Average rent - £693
Average void - 15 days
Average tenancy length - 9 months
Average tenant age - 32
Average annual tenant income - £23,000.

West Midlands:

Average rent - £689
Average void - 33 days
Average tenancy length - 9 months
Average tenant age - 33
Average annual tenant income - £18,000.

East Midlands:

Average rent - £864
Average void - 32 days
Average tenancy length - 9 months
Average tenant age - 33
Average annual tenant income - £23,000.

London:

Average rent - £1,619
Average void - 13 days
Average tenancy length - 14 months
Average tenant age - 32
Average annual tenant income - £36,000.

South East:

Average rent - £967
Average void - 23 days
Average tenancy length - 11 months
Average tenant age - 34
Average annual tenant income - £25,000.

South West:

Average rent - £878
Average void - 23 days
Average tenancy length - 9 months
Average tenant age - 34
Average annual tenant income - £19,000.

For the full article follow the link below:
https://www.lettingagenttoday.co.uk/breaking-news/2019/3/new-index-measures-rents-voids-tenancy-length-for-england-and-wales