Properties to rent in ML8

Frequently asked questions about renting in ML8

What is the average rent in ML8?

There are only 9 homes to rent in ML8 itself, so these figures cover the 48 homes to rent within 5 km. The average rent for a home within 5 km of ML8 is £925 a month. A few very expensive homes pull that average up, so a more typical rent is £785 a month.

How much is a 2 or 3 bedroom home to rent in ML8?

A typical 2-bedroom home within 5 km of ML8 rents for £750 a month and a 3-bedroom home £950 a month. So the extra bedroom adds about £200 a month. 1-bedroom homes rent for around £690 a month, and 4-bedroom homes rent for about £2,000 a month.

What is the price range of rental homes in ML8?

Most rents within 5 km of ML8 are between £550 and £2,000 a month, leaving out the very cheapest and most expensive. One in five rents for less than £680 a month, and one in five £1,100 a month or more.

How many homes are available to rent in ML8?

There are 9 homes to rent in ML8 on Houses right now, plus 1 already let agreed. Within 5 km there are 48, and the listings on this page include the nearest of them. 48 new listings came onto the market within 5 km in the last 30 days.

Are rents going up in ML8?

They are holding steady. Homes put up to rent within 5 km of ML8 over the last 12 months were advertised at a typical £750 a month, about the same as the year before (£750 a month). By size, 1-bedroom homes are up 5%, 2-bedroom homes are up 3% and 4-bedroom homes are up 11%.

How quickly do rental homes let in ML8?

Within 5 km of ML8, most rental homes are let or taken off the market within about 2 weeks. About 77% go within the first month. Flats go faster, in 13 days against about 2 weeks for houses.

What rental yield can I get in ML8?

Around 6.9% gross. That compares a typical rent of £785 a month with a typical sold price of £137,000. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in ML8?

Flats and apartments are the most common, about half of homes to rent within 5 km of ML8. Terraced houses come next, followed by detached houses. Flats and apartments are the cheapest, at about £700 a month, and terraced houses the most expensive, at about £925 a month.

Where is it cheaper to rent near ML8?

Of the areas around ML8, ML1 is the cheapest, with a typical rent of £810 a month, followed by ML9 (£825 a month) and ML2 (£895 a month). ML8 itself is £615 a month.

Are rental homes in ML8 furnished?

About a third of rental homes within 5 km of ML8 that say so are furnished, and the rest come unfurnished.

Which train stations are in or near ML8?

Stations in ML8 include Carluke and Lanark.