Properties to rent in LA1

Frequently asked questions about renting in LA1

What is the average rent in LA1?

The average rent for a home in LA1 is £1,040 a month. A few very expensive homes pull that average up, so a more typical rent is £930 a month. This is based on the 73 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in LA1?

A typical 2-bedroom home in LA1 rents for £850 a month and a 3-bedroom home £1,175 a month. So the extra bedroom adds about £325 a month. 4-bedroom homes rent for about £1,600 a month.

What is the price range of rental homes in LA1?

Most rents in LA1 are between £675 and £2,200 a month, leaving out the very cheapest and most expensive. One in five rents for less than £820 a month, and one in five £1,200 a month or more.

How many homes are available to rent in LA1?

There are 81 homes to rent in LA1 on Houses right now, plus 27 already let agreed. 59 new listings came onto the market in the last 30 days.

Are rents going up in LA1?

Yes. Homes put up to rent in LA1 over the last 12 months were advertised at a typical £895 a month, 5.3% higher than the year before (£850 a month). By size, 1-bedroom homes are down 3%, 2-bedroom homes are up 3% and 3-bedroom homes are up 8%.

How quickly do rental homes let in LA1?

Most rental homes are let or taken off the market within about 4 weeks. About 52% go within the first month. Houses go faster, in about 3 weeks against about 4 weeks for flats.

What rental yield can I get in LA1?

About 8.6% gross for flats and 5.8% for houses. That compares typical rents with what flats and houses actually sold for in LA1 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in LA1?

Flats and apartments are the most common, about half of homes to rent in LA1. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £895 a month, and semi-detached houses the most expensive, at about £1,350 a month.

Where is it cheaper to rent near LA1?

Of the areas around LA1, LA3 is the cheapest, with a typical rent of £725 a month, followed by LA4 (£795 a month) and LA5 (£895 a month). LA1 itself is £930 a month.

Are rental homes in LA1 furnished?

About 6 in 10 rental homes in LA1 that say so are furnished, and the rest come unfurnished.

What are the schools like in LA1?

There are 12 primary and 5 secondary schools in LA1. 86% of those inspected by Ofsted were rated good or outstanding, and 6 were outstanding.

Which train stations are in or near LA1?

Stations in LA1 include Lancaster.