Houses to rent in Penn, West Midlands

Frequently asked questions about renting in Penn

What is the average rent in Penn?

There are only 9 homes to rent in Penn itself, so these figures cover the 80 homes to rent within 3 km. The average rent for a home within 3 km of Penn is £1,045 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?

A typical 2-bedroom home within 3 km of Penn rents for £1,000 a month and a 3-bedroom home £1,195 a month. So the extra bedroom adds about £195 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?

Most rents within 3 km of Penn are between £650 and £1,940 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?

There are 9 homes to rent in Penn on Houses right now. Within 3 km there are 80, 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?

Slightly up. Homes put up to rent within 3 km of Penn over the last 12 months were advertised at a typical £920 a month, 1.9% higher than the year before (£900 a month). By size, 2-bedroom homes are up 3% and 4-bedroom homes are up 14%.

How quickly do rental homes let in Penn?

Within 3 km of Penn, most rental homes are let or taken off the market within about 5 weeks. About 48% go within the first month.

What rental yield can I get in Penn?

About 8.2% gross for flats and 5.4% for houses. That compares typical rents with what flats and houses actually sold for within 3 km of Penn over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in Penn?

Flats and apartments are the most common, about half of homes to rent within 3 km of Penn. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £765 a month, and detached houses the most expensive, at about £1,500 a month.

Where is it cheaper to rent near Penn?

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

Are rental homes in Penn furnished?

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

What are the schools like in Penn?

There are 1 primary and 0 secondary schools in Penn.

Which train stations are in or near Penn?

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