How much rent?

[MidnightBloom]

Me and dh were just talking about how much private rent is these days. I was shocked when dh said private rents for a three bedroom house would be around £500 per month uk wide

How much is private rents roughly in your rough area (put this because I understand people don't want to say there location)

Am I being unreasonable to say private rent for a 3 bed would be around 1k uk wide?

You are not being unreasonable your dh is right.

You’re both way off. A small 3 bed terrace with complimentary mould and nettle patch is £1,600/pcm.

Surely a quick check on right move would've told both of you...

DC shares a two-bed flat in a dodgy area of Reading, which costs £1450 pcm. Something similar in Plymouth is about £800. Double either rent for better property in nicer areas.

I'm an hour from London. According to Rightmove the cheapest 3 bed is £1400, average is £1600

£2300pcm for a 2 bed flat in SW london, no outside space. It's crazy.

I used to pay £600/month in Forest Hill in London for a tiny studio flat in 2005!

Yes, you'd be talking about £1300 here. £500 might get you a double room, shared bathroom, in a houseshare.

About £1300 for a three bed round here.

I know someone renting a 3 bed house in Somerset for £850 and someone else a 2 bed flat in Glasgow for £1100!

In all our years renting we haven't paid less than £500 for 1/2 bed flats since around 2008-2011. In 2012 we rented a mouldy London studio flat (with separate personal kitchen and bathroom) for £900, I'd hate to think how much it would cost now.

They can't.

Many people choose between food & bills. They will feed their children but not themselves.

Saving isn't a thing because there's nothing to save. Most young people these days will never own their own home unless something changes, which is unlikely so most of us have just given up hope

I truly believe that building more housing, and especially social housing, is the single best thing the government can do for the UK.

I’m in a 3 bed and my private rent has just gone up from £795 to £1,000 per month (on a ass rough council estate with nutters for neighbours) and thats considered to be below market value for my area!!! I considered moving but it would be more expensive to downsize to a two bed than keep paying the current rate where I am. My only hope would be to move out of the area but with my son due to sit his GCSE’s in May and having just enrolled into a college that he can easily get too I’m not really in the position to up root him.

that's ok if you stop right 2 buy

Our house would be around 2 to 2.5k a month if rented out. Ex is paying about 800 a month for a one bed flat.

2 bed large terrace. Could be three bed if the massive bathroom was divided into 2.

Midlands. £500.

We were paying 1,250 for a tiny 2 bed

Am I being unreasonable to say private rent for a 3 bed would be around 1k uk wide?

The OP was asking about a detached, 3 bed house rent.

Why are people posting the cost of a bedsit, 1 bed flat, or single room in a house share in their areas and not what the OP asked???

I’m beyond surprised you don’t know there is regional variation. Do you and your DH honestly
think people are paying £500 a month to rent in London, or Edinburgh or Bath etc? That someone in Wales is paying the same as someone in Surrey. It’s pretty bloody stupid.

There was an interesting article in the FT today, about Singaporean people Joining funds to buy UK property off plan to rent. Developers are advertising new build (mostly) flats first overseas and the investors payback is the income for their pension funds. Buying a second property in Singapore (where most property is govt owned) carries an automatic 24% tax surcharge on the purchase value. They buy on cost per square metre and set rents accordindly. Never even view the finished property.

I was initially delighted when RR said about building. Then, in her next breath, she says but the Government aren't builders they'll look to the construction industry.

Noooooooooo

They, understandably, build what makes the most profit. Not necessarily what we need as a society! We need to establish what's needed and build that including small bungalows for the elderly/disabled, single person accommodation, all size family accommodation. And plenty of it! So, when families need to move up or down, they can in a similar area.

OK that's a big ask but it's needed and no industry is going to ever deliver that! I'm left of centre politically but RR needs a dose of bloody "labour" reality.

Hard agree @Feelingstrange2. The UK’s ‘leave it to tre market’ mentality has been a massive reason we’ve ended up here. Regulate to force the developers to stop land banking for a start.

£1.3K here in the north west.

I don’t think prices are “insane” or “crazy”, it’s just the way the capitalism and inflation works, same as house prices going up exponentially. Landlords aren’t charities. I’ve had a chuckle at the “I was paying £1.50 rent a week for my house back in 1996” type comments.

This thread has certainly been interesting thanks everyone.