Houses to rent in Lye, West Midlands

Frequently asked questions about renting in Lye

What is the average rent in Lye?

The average rent for a home in Lye is £945 a month. A few very expensive homes pull that average up, so a more typical rent is £800 a month. This is based on the 10 homes to rent on Houses right now.

How many homes are available to rent in Lye?

There are 14 homes to rent in Lye on Houses right now, plus 4 already let agreed. 9 new listings came onto the market in the last 30 days.

Are rents going up in Lye?

No, they are falling. Homes put up to rent in Lye over the last 12 months were advertised at a typical £850 a month, 5% lower than the year before (£895 a month). By size, 1-bedroom homes are up 3%, 2-bedroom homes are up 3% and 3-bedroom homes are up 10%.

How quickly do rental homes let in Lye?

Most rental homes are let or taken off the market within about 3 weeks. About 67% go within the first month.

What rental yield can I get in Lye?

Around 4.5% gross. That compares a typical rent of £800 a month with a typical sold price of £215,000. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in Lye?

Flats and apartments are the most common, about 6 in 10 homes to rent in Lye. Semi-detached houses come next, followed by detached houses.

Where is it cheaper to rent near Lye?

Of the areas around Lye, Cradley is the cheapest, with a typical rent of £975 a month, followed by Pedmore (£1,000 a month) and Wollescote (£1,000 a month). Lye itself is £800 a month.

What are the schools like in Lye?

There are 3 primary and 1 secondary schools in Lye. 75% of those inspected by Ofsted were rated good or outstanding, and 1 was outstanding.

Which train stations are in or near Lye?

Stations in Lye include Lye.