UK Postcode Renting Guide: Average Prices and Trends

/

Blog

The Insider @ Houst
Last updated on
June 28, 2024

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

UK Postcode Renting Guide: Average Prices and Trends

Airbnb Management Services by Houst | Short-Term Rental Experts

About Houst

Houst is a leading property management company specialising in short-term and medium-term bookings in eight countries. With over 7 years of experience and managing over 300,000 bookings, we help homeowners make the most of their properties.

Learn More

The United Kingdom which is a land of rich history, is also home to a rental market that reflects its unique essence. This is from the bustling streets of London to the picturesque coastlines of Wales, Scotland, and England. The UK's rental landscape is a fascinating tapestry of varying prices, trends, and lifestyles. As renters and landlords guide this complex market, understanding the average rental prices by postcode becomes a crucial tool for making informed decisions. 

If you're a young professional seeking a trendy city-centre pad, a family looking for a spacious suburban home or a retiree searching for a peaceful coastal retreat. Knowing the average rental prices by postcode can help you find the perfect match for your needs and budget. In this discussion, we'll embark on a journey through the UK's rental market. Exploring the average prices by postcode and insights that will help you unlock the secrets of this dynamic landscape. So, let's dive in and discover the diverse world of UK rental prices by postcode.

Table of Contents

An Understanding of How the Data is Collected and Analysed?

When it comes to understanding average rental prices by postcode, data collection is an important first step. The team of experts aggregates data from a variety of reliable sources, including

1- Property websites: Data is scraped from top property portals, like Rightmove, Zoopla, and Property Ladder. This is to gather information on rental listings, prices, and postcode locations.

2- Government statistics: Experts utilise data from government agencies, like the Office for National Statistics (ONS). This is to gain insights into regional rental markets and trends.

3- Industry reports: Teams analyse reports from reputable organisations. For example, the Royal Institution of Chartered Surveyors (RICS), to stay informed about market fluctuations and trends.

Once the data is gathered, teams of analysts get to work, using advanced statistical techniques to

1- Clean and process the data: Teams ensure accuracy and consistency by removing duplicates, handling missing values, and formatting the data for analysis.

2- Apply spatial analysis: People use geographic information systems to examine the relationships between rental prices, postcodes, and nearby amenities.

3- Perform statistical modelling: Teams employ regression analysis and other techniques to identify trends, correlations, and patterns in the data.

Finally, teams present our findings clearly and concisely, using:

1- Interactive maps: Visualisations are created that allow users to explore rental prices by postcode, region, and city.

2- Tables and charts: Detailed tables are provided and charts to illustrate trends, averages, and median rental prices.

3- Infographics: Engaging infographics are designed to highlight key statistics and insights.

What is the Average Rental Prices by Region?

London, the capital city, boasts some of the highest average rental prices in the UK. The city's allure, cultural attractions, and job opportunities come at a cost. With renters paying a premium to live in coveted postcodes like

1- SW1 (Westminster): £2,300 - £3,500 per month

2- W1 (Mayfair): £2,000 - £3,000 per month

3- EC1 (Clerkenwell): £1,800 - £2,800 per month

The South East region offers a mix of rural charm, coastal towns, and commuter hubs. With average rental prices varying greatly depending on the location:

1- Brighton (BN1): £1,200 - £1,800 per month

2- Guildford (GU1): £1,100 - £1,600 per month

3- Canterbury (CT1): £900 - £1,400 per month

The North West region boasts vibrant cities, stunning natural beauty, and diverse rental markets:

1- Manchester (M1): £900 - £1,400 per month

2- Liverpool (L1): £700 - £1,100 per month

3- Lake District (LA1): £600 - £1,000 per month

What is the Analysis of Trends in Average Rental Prices by Postcode?

UK renters are flocking to city centres, driving up demand and prices. London's EC2M (Shoreditch) and E1 (Shoreditch) postcodes have seen a 20% increase in rental prices over the past year. While Manchester's M1 and Leeds' LS1 postcodes have experienced a 15% rise.

As renters seek more affordable options, surrounding areas are benefiting from the commuter effect. Postcodes like SL5 (Ascot), KT1 (Kingston upon Thames), and RG1 (Reading) have seen a 10-15% increase in rental prices. Offering a more affordable alternative to city centre living.

The UK's coastal towns are experiencing a revival, with renters seeking a relaxing retreat. Postcodes like BN1 (Brighton), SA1 (Swansea), and LL1 (Llandudno) have seen a 5-10% increase in rental prices, as the demand for seaside living grows.

Renters are becoming increasingly price-conscious, seeking value for money. Postcodes like M1 (Manchester), LS1 (Leeds), and NP1 (Newport) offer more affordable options. With rental prices ranging from £800-£1,400 per month.

Regeneration projects are transforming areas. This makes them more desirable. Postcodes like E20 (Stratford), SE1 (South Bank), and M5 (Ordsall) are experiencing a surge in rental prices, as renters flock to these up-and-coming areas.

Conclusion

In conclusion, the journey through the average rental prices by postcode in the UK has revealed a fascinating landscape of regional nuance. This includes urban hotspots and coastal charm. This is from the luxury living of London's elite postcodes to the affordable gems of Manchester and Leeds. Each region boasts its unique character and appeal. As renters and landlords handle this diverse market, understanding the trends and insights behind the numbers is compulsory. 

If you recognise the rise of urban living, the commuter effect, and the resurgence of coastal towns, we can better appreciate the complexities of the UK rental market. If you are seeking a trendy city-centre pad or a relaxing seaside retreat, there's a postcode to suit every taste and budget. 

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

Commission-Based
Pricing From

12%
of your
rental revenue
The commission depends on
the property profile and location

Complete property management services

We streamline the process of short-term lets and assist in maximising your rental revenue in London.

Listing Management

  • Multi-platform listings
  • Professional photography
  • Listing creation
  • Price optimisation

Guest Management

  • Guest vetting
  • Guest check-ins
  • Linen and toiletries
  • Guest communications

Property Management

  • Cleaning and housekeeping
  • Property maintenance
  • Property insurance
  • Property management software
I hope you enjoy reading this blog post!
If you want my team to just manage your Airbnb for you, just book a call.
Click here to Get More Bookings!
See How Houst Can Elevate Your Airbnb’s Visibility
  • Listing Optimisation – Maximise your listing’s potential. Experience tangible growth.
  • Professional Photography – Captivating visuals that instantly attract guests.
  • Guest Screening – Ensuring only the best and safest guests for your property.
Close

We hope you enjoy our blog!

If you would like to find out more about how our team can help you get the most of your Airbnb, just book a call with us.

Thank you for providing your contact information!
Oops! Something went wrong while submitting the form.
J’espère que vous apprécierez la lecture de cet article de blog !
Si vous souhaitez que mon équipe gère simplement votre Airbnb pour vous, réservez simplement un appel.
RÉSERVER UN APPEL
Cliquez ici pour obtenir plus de réservations !
Découvrez comment Houst peut améliorer la visibilité de votre Airbnb
  • Optimisation des annonces – Maximisez le potentiel de votre annonce. Faites l’expérience d’une croissance tangible.
  • Photographie professionnelle – Des visuels captivants qui attirent instantanément les invités.
  • Filtrage des invités – Garantir uniquement les invités les meilleurs et les plus sûrs pour votre propriété.
RÉSERVER UN APPEL
Close
Looking to scale your serviced accommodation?
Join Houst’s partnership program — book a call for details.
BOOK A CALL
Starting your Airbnb business?
Houst can help you get started in the serviced accommodation sector:
  • Fastracked growth: Quick portfolio expansion and up to 20% booking commission for property managers.
  • Guest Support and Tech: 24/7 support and tech streamlined operations, enhancing occupancy and guest service delivery.
  • Pricing Optimisation: Increased earnings with algorithm-based pricing strategies.
BOOK A CALL
Close