According to the latest quarterly Rightmove Rental Trends Tracker*, Henley-on-Thames in Oxfordshire is a top 10 location where landlords get the highest total return on their investment outside London.
Nationally, rents are up 1.3% outside London compared to last quarter, as stock shortages of rental property in some of the more popular areas push up rents. In Greater London some are suggesting the affordability ceiling looks to have been reached, with rents up only 0.2%, compared to 1.6% in Q3 last year. The number of new rental properties is up slightly in Greater London which could help explain the much more muted increase.
In addition, Ascot in Berkshire is the top location for highest growth outside Greater London (year-on-year) with an average asking rent per month for a two bedroom property of £1,592 (Q3 2015).
With branches in Henley and Ascot plus other locations throughout Oxfordshire and Berkshire, our lettings teams are helping landlords to reap the rewards of strong rental and house price growth in these regions. To find out how we can maximise your investment in property, contact your nearest Chancellors branch today.
*Rightmove’s Rental Trends Tracker is compiled from the asking rents of properties coming on to the market on Rightmove.co.uk. Rather than being a survey of opinions it is produced from factual data of actual asking prices of rental properties currently on the market. Rightmove’s Rental Trends Tracker measures prices at the very beginning of the rental process.
Rightmove measured 352,367 asking rents. The properties were advertised on Rightmove.co.uk by agents in Q3 2015. This month 15,570 properties have been excluded due to being anomalies. All short lets have been removed.
For all areas lower than region the asking prices and % growth are for two bed properties.
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.
