The recent September issue of Landbays Rental Index has reported an annual rise in rental prices in the UK of 3.9% for one bedroom properties. The report suggests the reason for such growth is down to the huge increase in demand from graduates looking to live near their first job.
“The sharp seasonal jump in rental growth for one beds reflects a buoyant graduate job market as people move to their first job. Flexibility and freedom is the order of the day for first jobbers, and one bedroom flats offer the perfect springboard to take the plunge into full-time working life. One bed flats are also popular for couples and young professionals who don’t want to flat-share.” says John Goodall, co-founder and CEO of Landbay
Areas such as Edinburgh (up 12%), Swindon (up 11%) and Southend on Sea (up 11%) have seen the biggest rise in rental prices with average prices across the country of £1,054 per month.
With employment levels for those aged between 25-35 at their highest in 20 years, the job market and rental market is very strong. This is great news for existing landlords and those looking to purchase a buy to let property.
Launched last month the rental index will each month monitor rental prices and market trends, providing a fantastic tool for landlords to have sight of the current trends and potential areas in which they can extend their portfolio.
At Countrywide we have hundreds of one bedroom apartments currently on the market across the UK, and to get you started we have selected our top three, chain free, one beds currently for sale in the UKs hottest commercial districts.
Liverpool – The national hub for service sector industries, Home to three universities and over 40 % of its population under the age of 30!
Modern 1 bedroom apartment located on Liverpool’s Docks.
Marketed by Entwistle Green Liverpool 01513 210 192
Manchester – A global city notable for its architecture, culture, and media links.
Chain Free 1 bedroom apartment located in the Blackfriars area of Manchester city centre.
Marketed by Bridgfords Manchester 01614 012 577
Leeds – The cultural, financial and commercial heart of west Yorkshire and with the fourth largest student population in the UK, Leeds is currently a hotspot for young professionals.
Clarence dock location close to city centre amenities.
Marketed by Bridgfords Wakefield 01924 637 255