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  • Property Yields

    One bed flats enjoying highest rent increases



    The latest Landbay Rental Index has found that average rents for a one-bed property in the UK grew by 0.12% in September, accelerating from 0.09% the month before to bring year on year growth to 1.57%.

    According to the report, rents for two and three-bed properties also grew in September, but at slower rates, 0.09% (from 0.12%), and 0.11% (from 0.18%).

    The figures follow a call from Housing Minister Gavin Barwell, at the Conservative Party Conference1, for lower minimum space requirements for new build properties, to improve affordability for first time buyers. However, with rent payments remaining the main financial pressure for aspiring homeowners, and 1.8 million new households expected to rent rather than buy by 20252, the continued growth in one-bed rents demonstrates how important it is that the buy to let sector is not overlooked in the provision of new affordable housing.

    Full/source story 
     
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**
    My one beds are doing well yes. Some of mine are filled with mum and small baby at the 2 bed LHA rate. This can give me £100 over and above the equivalent 1 bed working tenant rate. Just put up another private one by £125 pcm on tenant changeover due to demand. First person took it and didnt even question the rate. Maybe I should have asked another £25.
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    Jonathan Clarke. http://www.buytoletmk.com