December saw marginal growth again for 1, 2 and 3 bedroom properties, while rents dip on larger properties as they struggle to let over the festive period.
Average Asking Rents
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| Houses | &459pcm | &606pcm | &685pcm | &757pcm | &825pcm |
| Flats | &532pcm | &750pcm | &826pcm | &1058pcm | &329pcm |
| All | &510pcm | &688pcm | &721pcm | &779pcm | &818pcm |
Percentage Difference in Average Asking Rents between December 2017 and January 2018
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| Houses | -1.50% | 1.35% | 4.42% | -7.34% | -9.34% |
| Flats | 2.31% | 3.58% | -3.17% | 15.50% | 0.00% |
| All | 1.19% | 2.53% | 3.74% | -5.35% | -9.41% |
Number of Properties Available to Rent
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| Houses | 104 | 123 | 125 | 138 | 156 |
| Flats | 237 | 159 | 43 | 11 | 2 |
| All | 341 | 282 | 168 | 149 | 158 |
Percentage Difference in Number of Properties to Rent between December 2017 and January 2018
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| Houses | 4.00% | 7.89% | -12.59% | -1.43% | -3.70% |
| Flats | 1.72% | 0.63% | 19.44% | 22.22% | 0.00% |
| All | 2.40% | 3.68% | -6.15% | 0.00% | -3.66% |
Average House Prices, December 2017
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| SA1 | &0 | &101,190 | &151,871 | &255,148 | &188,883 |
| SA2 | &0 | &159,392 | &200,760 | &241,400 | &362,137 |
| SA3 | &249,950 | &283,290 | &311,186 | &447,433 | &688,413 |
| SA4 | &0 | &152,742 | &171,795 | &241,868 | &301,349 |
| SA5 | &75,000 | &109,730 | &159,352 | &280,000 | &199,995 |
Percentage Difference in Average House Prices between November and December 2017
| | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
| SA1 | * | -1.43% | 2.92% | -5.48% | -37.46% |
| SA2 | * | 28.43% | -6.94% | -11.02% | 2.00% |
| SA3 | 0.00% | 0.77% | -4.87% | -0.50% | 17.81% |
| SA4 | -100.00% | 20.68% | -0.99% | -2.10% | 0.30% |
| SA5 | 0.00% | 14.84% | -2.19% | 6.92% | 0.00% |
Average Flat Prices, December 2017
| | 1 bed | 2 bed | 3 bed |
| SA1 | &102,702 | &149,015 | &395,000 |
| SA2 | &118,448 | &150,424 | &85,000 |
| SA3 | &135,847 | &215,232 | &247,679 |
| SA4 | &77,426 | &83,421 | &0 |
| SA5 | &0 | &88,750 | &0 |
Percentage Difference in Average Flat Prices between November and December 2017
| | 1 bed | 2 bed | 3 bed |
| SA1 | -0.87% | 4.10% | 52.26% |
| SA2 | -4.28% | -5.00% | * |
| SA3 | 4.70% | 3.58% | * |
| SA4 | -4.41% | -0.09% | * |
| SA5 | * | 1.25% | * |
* can't calculate as can't divide by zero.
Sources: rental figures from
Zoopla (as at 29/01/18), sales figures from
Rightmove.
Newsletter disclaimer: The information contained in this newsletter is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.
