Kilmarnock is the most affordable place to lease a flat within the UK, in response to new evaluation.
Researchers from designer display firm Display screen With Envy trawled via Rightmove UK’s knowledge — analysing over 123 areas and 83,000 listings — to search out out the most affordable and most costly locations to reside in Britain.
Display screen With Envy decided precisely what a rental finances might get you within the UK by trying on the common lease per calendar month (PCM) for a flat, shared property, bungalow and home.
And the outcomes flagged that Kilmarnock is the most affordable place to lease a flat within the nation with a median lease value of £443.74 PCM.
This can be a whopping 10 instances decrease than renting in South West London, which sees renters fork out an eye-watering £5,100.73 PCM.
Nationwide, the typical lease PCM for a flat is £2,086.56, whereas a home is £2,151.22.
In Scotland, the second least expensive place to lease a flat is Dumfries and Galloway at a median of £478.75 PCM adopted by Perth at £539.37 PCM.
And in relation to renting a home in Scotland, Display screen With Envy’s outcomes confirmed that Motherwell is the most affordable at £714.32, adopted by Dumfries and Galloway (£775) and Kilmarnock and Ayr (£807.40).
The important thing findings from the evaluation are:
•The most affordable common flat leases in Scotland, PCM:
Kilmarnock and Ayr, Ayrshire - £443.74
Dumfries and Galloway - £478.75
Perth, Perthshire - £539.37
•The most affordable common home leases in Scotland, PCM:
Motherwell, Lanarkshire - £714.32
Dumfries and Galloway - £775
Kilmarnock and Ayr, Ayrshire - £807.40
•The most affordable common shared leases in Scotland, PCM:
Dumfries and Galloway - £420
Aberdeen - £459
Falkirk, Stirlingshire - £591.33
•The most affordable common bungalow leases in Scotland, PCM:
Dumfries and Galloway - £583.33
Galashiels, Selkirkshire - £595
Inverness + Dundee, Angus - £662.5
•Nationwide common lease PCM:
Flat - £2,086.56
Home - £2,151.22
Shared property - £699.82
Bungalow rental - £1,261.38
Sophie Birkert, Display screen With Envy Founder, says the brand new analysis may also help renters discover one of the best offers throughout completely different property varieties.
She mentioned: “Tenants are going through essentially the most aggressive rental market on report as a consequence of a scarcity of leases, better demand and the price of dwelling disaster.
“Regardless of for those who reside in an upmarket neighbourhood or a commuter city, understanding how a lot the typical lease is in your and neighbouring areas could possibly be the distinction between securing your dream rental or not.”
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