Houses to rent in Penn Fields, West Midlands

Frequently asked questions about renting in Penn Fields

What is the average rent in Penn Fields?

There are only 8 homes to rent in Penn Fields itself, so these figures cover the 78 homes to rent within 3 km. The average rent for a home within 3 km of Penn Fields is £1,040 a month. A typical home, the one in the middle of the range, is £1,000 a month.

How much is a 2 or 3 bedroom home to rent in Penn Fields?

A typical 2-bedroom home within 3 km of Penn Fields rents for £975 a month and a 3-bedroom home £1,195 a month. So the extra bedroom adds about £220 a month. 1-bedroom homes rent for around £750 a month, and 4-bedroom homes rent for about £1,600 a month.

What is the price range of rental homes in Penn Fields?

Most rents within 3 km of Penn Fields are between £645 and £1,955 a month, leaving out the very cheapest and most expensive. One in five rents for less than £750 a month, and one in five £1,300 a month or more.

How many homes are available to rent in Penn Fields?

There are 8 homes to rent in Penn Fields on Houses right now. Within 3 km there are 78, and the listings on this page include the nearest of them. 55 new listings came onto the market within 3 km in the last 30 days.

Are rents going up in Penn Fields?

Slightly up. Homes put up to rent within 3 km of Penn Fields over the last 12 months were advertised at a typical £925 a month, 1.6% higher than the year before (£910 a month). By size, 3-bedroom homes are up 5% and 4-bedroom homes are up 6%.

How quickly do rental homes let in Penn Fields?

Within 3 km of Penn Fields, most rental homes are let or taken off the market within about 5 weeks. About 47% go within the first month.

What rental yield can I get in Penn Fields?

About 7.7% gross for flats and 5.7% for houses. That compares typical rents with what flats and houses actually sold for within 3 km of Penn Fields over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in Penn Fields?

Flats and apartments are the most common, about half of homes to rent within 3 km of Penn Fields. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £750 a month, and detached houses the most expensive, at about £1,500 a month.

Where is it cheaper to rent near Penn Fields?

Of the areas around Penn Fields, Bradmore is the cheapest, with a typical rent of £1,000 a month, followed by Penn (£1,150 a month). Penn Fields itself is £875 a month.

Are rental homes in Penn Fields furnished?

About 2 in 10 rental homes within 3 km of Penn Fields that say so are furnished, and the rest come unfurnished.

Which train stations are in or near Penn Fields?

Penn Fields has no station of its own. The nearest is Wolverhampton.