Recent data has shown that rent is unaffordable in over half of the cities in England!
To maintain an adequate standard of living, experts advise that tenants shouldn’t spend more than 30% of their gross income salary on rent.
Using average income salary and rental price data for cities, it can reveal that Durham is the most affordable city to rent in England, with just 23% of your monthly salary going towards rent.
The northern cities continue to top the charts with Lancaster and Liverpool only requiring you to spend 24% of your salary on rent!
At the other end of the scale, Brighton and Bath have been crowned the most expensive cities to rent in. In both Brighton and Bath, you will be expected to spend 52% of your salary on rental payments. It is closely followed by Oxford, where you will, on average, spend 51% of your salary towards rent.
Open Property Group conducted this research based on the data available for 49 cities in England. Open Property Group are a professional house buying company and buy all types of vacant or let property throughout England and Wales, particularly those people who can benefit from a quick house sale process.
Open Property Group particularly specialise in helping people sell a property with sitting tenants. It’s a quick, confidential way to sell your property without any periods of lost rent. By selling directly to Open Property Group, you pay no estate agent fees, solicitor fees or clearance costs!
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The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help. Your company is simply the best.
Miss M, Southampton
Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!
Mr and Mrs M
The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.
Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.
We buy property directly and you won't pay any agent's fees.