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Average Rent Now £1000pcm & Rising

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gorgeous_George wrote: »
    You don'y say!

    Maybe the £1 one is a trypo too, do you think?

    Whoooooosh!

    Seriously, it is data like this that feeds the averages often quoted in the press.

    GG

    I thought they strimmed the top and bottom 10% on prices before calculating averages.

    And I did think that you thought it was £14k because I "take things literally", it's one of my behaviours (see sig for clues)

    :)
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    PasturesNew wrote: »
    I thought they strimmed the top and bottom 10% on prices before calculating averages.

    And I did think that you thought it was £14k because I "take things literally", it's one of my behaviours (see sig for clues)

    :)


    If they took out the top and bottom 10%, then in most areas the MAXIMUM rent used for the "average" calculations would be less than £1000.

    I suspect paragon used the classic method of "Work out how much on average our customers now need to get in rent to cover their BTL mortgage" and declared that the average rent.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    Gorgeous_George wrote: »
    Well, I just picked a city at random - Manchester - and came up with this one at £14,733 pcm! The cheapest was this one at £1 pcm

    So the average is £7,367 pcm.

    There are statistics, staistics and damn lies.

    GG
    The first is a typo, the second a marketing ploy or a typo. The first is on the same street as a shebeen (well there was one there many years ago) where the "doorman" was tragically murdered.
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  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    BobProperty wrote: »
    The first is a typo, the second a marketing ploy or a typo. The first is on the same street as a shebeen (well there was one there many years ago) where the "doorman" was tragically murdered.
    I've never heard the word shebeen before... had to look it up.
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Here in Cambridge, 1-2 bed flats are 650-850 so I can see a family 3-bed semi going for 1000 easily. How anyone can afford to rent somewhere big enough for children AND pay to bring them up I don't know.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    LittleMissAspie wrote: »
    Here in Cambridge, 1-2 bed flats are 650-850 so I can see a family 3-bed semi going for 1000 easily. How anyone can afford to rent somewhere big enough for children AND pay to bring them up I don't know.
    benefits and top ups
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    LittleMissAspie wrote: »
    Here in Cambridge, 1-2 bed flats are 650-850 so I can see a family 3-bed semi going for 1000 easily. How anyone can afford to rent somewhere big enough for children AND pay to bring them up I don't know.

    Basically, they can't.

    If I wanted to have kids (which I don't, neither does the misses) then I'de be forced to get myself made redundant and live off benefits to be able to afford to do it.

    And I'm a senior computer [STRIKE]geek[/STRIKE] programmer with 10 years experience.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • carolan78
    carolan78 Posts: 993 Forumite
    We rent private in Leeds and when hubby left the military we were told we would be put in a hostel for 18 months with dd. I was also 6 months pregnant and we had been told we could no longer stay in the military housing (we had been there a year after hubby left and were on the council list the whole time).

    We have had to rent privately and chose to spend about a hundred pound more on rent to live in a slightly nicer area than one the council would have housed us on. We're in a 3 bed paying 700 every 4 weeks, and that was negotiated down! LL wanted 850 every 4 weeks :eek: but knew we would pay and he'd have no hassles like he had from the previous tenants. This is almost half hubbys take home pay! We get no benefits bar child tax and benefit. I have been watching rental prices on right move and they are rising. Not sure what we will do come December and the tennancy runs out.
  • lil_me
    lil_me Posts: 13,186 Forumite
    10,000 Posts Combo Breaker
    Luckily most of the rentals are coming down where we are which is great for us, not so good for landlords unfortunately. We live in a nice area and pay £625 for a 3 bed detatched.
    One day I might be more organised...........:confused:
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  • obsessed_saver
    obsessed_saver Posts: 511 Forumite
    Part of the Furniture
    LittleMissAspie wrote: »
    Here in Cambridge, 1-2 bed flats are 650-850 so I can see a family 3-bed semi going for 1000 easily. How anyone can afford to rent somewhere big enough for children AND pay to bring them up I don't know.

    I'm living in Cambridge too. I'm earning £37k and I can't bring myself to pay that much in rent (for a 1 or 2 bed place). Currently £340 per month all in for a huge room. :) No council tax, no bills, no repair hassles, someone even cleans the house!

    I don't know how people can spend £1000+ on rent. Yes, I'm just tight. :D
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