Properties to rent in CM2

Frequently asked questions about renting in CM2

What is the average rent in CM2?

The average rent for a home in CM2 is £1,495 a month. A typical home, the one in the middle of the range, is £1,475 a month. This is based on the 100 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in CM2?

A typical 2-bedroom home in CM2 rents for £1,500 a month and a 3-bedroom home £1,800 a month. So the extra bedroom adds about £300 a month. 1-bedroom homes rent for around £1,150 a month.

What is the price range of rental homes in CM2?

Most rents in CM2 are between £1,000 and £2,100 a month, leaving out the very cheapest and most expensive. One in five rents for less than £1,200 a month, and one in five £1,700 a month or more.

How many homes are available to rent in CM2?

There are 89 homes to rent in CM2 on Houses right now, plus 39 already let agreed. 139 new listings came onto the market in the last 30 days.

Are rents going up in CM2?

Yes. Homes put up to rent in CM2 over the last 12 months were advertised at a typical £1,500 a month, 7.1% higher than the year before (£1,400 a month). By size, 1-bedroom homes are up 3%, 2-bedroom homes are up 9% and 3-bedroom homes are up 7%.

How quickly do rental homes let in CM2?

Most rental homes are let or taken off the market within 14 days. About 71% go within the first month. Flats go faster, in 12 days against about 3 weeks for houses.

What rental yield can I get in CM2?

About 7.5% gross for flats and 4.7% for houses. That compares typical rents with what flats and houses actually sold for in CM2 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in CM2?

Flats and apartments are the most common, about 6 in 10 homes to rent in CM2. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £1,370 a month, and semi-detached houses the most expensive, at about £1,750 a month.

Where is it cheaper to rent near CM2?

Of the areas around CM2, CM1 is the cheapest, with a typical rent of £1,400 a month, followed by CM12 (£1,500 a month) and CM3 (£1,600 a month). CM2 itself is £1,475 a month.

Are rental homes in CM2 furnished?

About a third of rental homes in CM2 that say so are furnished, and the rest come unfurnished.

What are the schools like in CM2?

There are 18 primary and 3 secondary schools in CM2. 100% of those inspected by Ofsted were rated good or outstanding, and 4 were outstanding.

Which train stations are in or near CM2?

CM2 has no station of its own. The nearest is Chelmsford.