TDS Rents Briefing August 2016

Latest data issued by the Tenancy Deposit Scheme shows new rents registered across England and Wales in August 2016, with new average monthly rents in London just over £1,765.

The data shows that the cheapest region to rent is the North East with average rents for newly let properties in August 2016 coming in at some £652.88. The next cheapest region to rent was the Wales where rents averaged out at £664.80.

After London at £1,765.44 the next highest cost region was the South East with the monthly rent coming in at £1,124.22

In August the highest rents were to be found in the London WC postcode with average rents at £2,272.53.  The cheapest postcode to rent in England and Wales in August 2016 was in the Sunderland (SR) postcode where the average rent registered was £462.22.

Steve Harriott, Chief Executive of the Tenancy Deposit Scheme said: 

“This data comes from landlords and agents registering new deposits on our database in August 2016 and advising us of the monthly rent that they charge.  The figures show starkly the differential in regional rents across England and Wales”.

 Note: This data is based on all new deposit registrations in August 2016 with TDS Insured, where the agent or landlord supplied rental data.  A total of 31,609 records make up the sample.  The sample does not distinguish between different sizes of dwellings.

19th September 2016

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