Properties to rent in SP1

Frequently asked questions about renting in SP1

What is the average rent in SP1?

The average rent for a home in SP1 is £1,475 a month. A few very expensive homes pull that average up, so a more typical rent is £1,350 a month. This is based on the 21 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in SP1?

A typical 2-bedroom home in SP1 rents for £1,250 a month and a 3-bedroom home £1,500 a month. So the extra bedroom adds about £250 a month. 1-bedroom homes rent for around £925 a month.

What is the price range of rental homes in SP1?

Most rents in SP1 are between £825 and £3,100 a month, leaving out the very cheapest and most expensive. One in five rents for less than £950 a month, and one in five £1,600 a month or more.

How many homes are available to rent in SP1?

There are 22 homes to rent in SP1 on Houses right now, plus 26 already let agreed. 27 new listings came onto the market in the last 30 days.

Are rents going up in SP1?

Yes. Homes put up to rent in SP1 over the last 12 months were advertised at a typical £1,200 a month, 4.3% higher than the year before (£1,150 a month). By size, 1-bedroom homes are up 9%, 2-bedroom homes are up 4% and 3-bedroom homes are up 6%.

How quickly do rental homes let in SP1?

Most rental homes are let or taken off the market within about 3 weeks. About 71% go within the first month. Flats go faster, in about 2 weeks against about 3 weeks for houses.

What rental yield can I get in SP1?

About 7.7% gross for flats and 4.7% for houses. That compares typical rents with what flats and houses actually sold for in SP1 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in SP1?

Flats and apartments are the most common, about 4 in 10 homes to rent in SP1. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £1,150 a month, and terraced houses the most expensive, at about £1,350 a month.

Where is it cheaper to rent near SP1?

Of the areas around SP1, SP6 is the cheapest, with a typical rent of £1,075 a month, followed by SP3 (£1,150 a month) and SP2 (£1,300 a month). SP1 itself is £1,350 a month.

Are rental homes in SP1 furnished?

About half of rental homes in SP1 that say so are furnished, and the rest come unfurnished.

What are the schools like in SP1?

There are 7 primary and 5 secondary schools in SP1. 90% of those inspected by Ofsted were rated good or outstanding, and 2 were outstanding.

Which train stations are in or near SP1?

SP1 has no station of its own. The nearest is Salisbury.