Renting by the room can be useful for both landlords and tenants, particularly in places like London, where rates are expensive.
For tenants, it's all positive as renting by the room can be far more cost effective than renting a whole property. For landlords, renting out individual rooms can help cover costs in more pricey areas, although maintenance costs may increase.
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Big Risers | December 2014 | Annual Change |
Batley | £334 per month | +40% |
Oldbury | £480 | +30% |
Widnes | £396 | +18.6% |
Big Falls | ||
Belfast | £270 | -27.3% |
Dundee | £309 | -17.2% |
Dorchester | £309 | -16.6% |
Top Room Rents | ||
London - West Central | £907 | -2.6% |
London - East Central | £904 | +0.8% |
London - West | £812 | +4.8% |
Best Value Room Rents | ||
Belfast | £270 | -27.3% |
Bradford | £299 | 15.7% |
SpareRoom.co.uk comment that:-
"UK room rents rose by an average of 8% in 2014. Some areas saw above average rent rises; Gravesend (10%) and Livingston (12%) for example, whilst rents rose at levels below average in Waterlooville (6%) and Aldershot (5%)."
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Tenants