Postcode PricingPosted by: Katy Piper | Post date: 15.11.17
BN3 or BN43 – Do you know the difference in the cost of rents?
The valuation office has provided us with the statistics of monthly rents from April 2016 – March 2017 and it gives us a real insight into Postcode Pricing.
In Adur, to rent a one bedroom property will cost on average a rent of £650pcm, whereas in Brighton it will cost at least £850pcm. That is a £200pcm increase for approximately 5-mile distance!
Sussex also dictates a higher rental than its sister County Hampshire. Where a one bedroom property, on average will cost £635pcm.
Although Surrey is still commanding a higher rent than us in Sussex – at a level on average of £900pcm for a one bedroom property. So it seemingly appears that the draw to London still pushes rents up.
If you would like to discuss postcode pricing with us further please call Lucy or Pippa on 01273 -917791.