Our new Room Rental Index is a great tool for anyone who needs to keep an eye on room prices. Whether you have a large portfolio of properties or just need to know how much to charge for your spare room, the info you need is all here.
There are 2 Indexes for you to view and download (free of charge). The first is a snapshot of the UK listed by post town and the second goes into more detail, both in terms of geographical location and data.
How to read the index
Note - The figures in the index are averages across the previous 3 month period (ie. September's index contains averages for June-August)
Most of the columns used in the index are pretty straightforward but here's a quick guide to what all the numbers mean:
- Post town/postcode/postcode area - Details of the geographic area referred to
- Average weekly rent - The average (mean) rent for a double room including bills in the area
- Quarterly change - The % change in rent over the past 3 months
- Demand index - Takes the average number of views per advert in each area and gives higher ratings to areas with the highest number of views per advert. A good indication of how much demand there is for rooms in an area - the longer the bar the higher the demand
- Median rent - This is the typical rent you'll see in the area, worked out by taking the exact middle point of the range of adverts in that postcode (in contrast to the mean weekly rent which takes the total amount of rent charged in the area and divides by the number of rooms). This is displayed according to whether the room in question was priced per week or per month (see below)
- Median pw/pcm - Useful in busier areas as it gives an indication of whether rooms are likely to be advertised by the week or month in that area
- Min/max pw - The lowest and highest rents charged in the area over the past 3 months
You need to log in or register to download the latest index
For more information, see our book "The Essential Guide to Flatsharing"