ChatterBank0 min ago
UK 2 bedroom flat rental price chart
2 Answers
I'm trying to find a chart that shows average residential rental values of 2 bedroom properties over the past 3 - 5 years in the UK and more speciafically the North West or Manchester but can't find anything dynamic.
Please can anyone help ?
Thanks
Please can anyone help ?
Thanks
Answers
Best Answer
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it might be best to work it out based on the sold prices (available all over the internet - i use ourproperty.co.uk), by taking the average sold prices and working out the mortgage payment and you'll be in a 'ish' area
(net purchase price x mortgage rate) / 12 = mortgage repayments
eg. (�150,000 x 5.79%) / 12 = �723.75 pcm.
You could expect that example to rent at �750 pcm to cover the mortgage payments.
sorry for the vague suggestion :(
it might be best to work it out based on the sold prices (available all over the internet - i use ourproperty.co.uk), by taking the average sold prices and working out the mortgage payment and you'll be in a 'ish' area
(net purchase price x mortgage rate) / 12 = mortgage repayments
eg. (�150,000 x 5.79%) / 12 = �723.75 pcm.
You could expect that example to rent at �750 pcm to cover the mortgage payments.
sorry for the vague suggestion :(
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