Oxford is one of the UK's most expensive places to rent (From The Oxford Times)
When It Happens Panel Get involved: send your photos, videos, news & views by texting 'OXFORD NEWS' to 80360 or email
Oxford is one of the UK's most expensive places to rent
11:00am Wednesday 22nd August 2012 in News
OXFORD has been named the seventh most expensive town or city for renters in the UK.
According to figures released last night the average rent in the city is £891 a month — £185 more than the average monthly rental price for the rest of the country.
A report by specialist letting agents’ insurer Endsleigh showed that the average monthly rent across the UK in 2011 rose for the third year running to £706, compared with £688 in 2010 and £663 in 2009.
Oxford comes behind London, Watford, Guildford, Slough, Bath and Brighton, and ahead of Bournemouth, Reading and Redhill.
The ten cheapest places for rent are all located in the north of England and Scotland, apart from Swansea, which has the lowest average rent in the UK at £399 per month, almost half of the national average. Tenants across the Midlands also pay less than the national average, with an average monthly rent of £555.
Grant Stevens, general manager of Letting Services at Endsleigh, said: “Nationally, year-on-year, the picture is one of a very buoyant rental market and, with the overall rise in keeping with inflation, it won’t unduly affect the pockets of either Oxford’s landlords, who are enjoying good yields, or renters, who are able to access a whole range of properties.
“The bigger threat to landlords’ income increasingly comes from repairing damage to property that frequently costs more than the tenant’s deposit.”
Comments(19)
sparky123456
says...
2:19pm Wed 22 Aug 12
Myron Blatz
says...
3:03pm Wed 22 Aug 12
father dowling
says...
3:14pm Wed 22 Aug 12
Bartsimpson_uk
says...
4:01pm Wed 22 Aug 12
Lady Penelopee
says...
4:16pm Wed 22 Aug 12
Myron Blatz wrote:Since when has location of your dwelling been a human right?!
High rents across Oxford are due an ever mre expensive and finite property market (limit on available dwellings) combined with an ever-growing demand from the student sector which has spiralled out of control over the past couple of decades. This has seriously affected the housing needs of local people, who have found themselves increasingly outpriced in competition for private sector housing with student demand and the massive growth of the education industry in Oxford - such as Brookes. The situation for local Council Tax payers is that for single men and even married couples under 60 without children have little or no chance of getting Council Housing, where applicants on the waiting lists in Oxford can wait years and years. The way forward isn't more 'affordable' housing to buy, because many cannot afford deposits or high mortgages. Nor is the answer via housing associations - which do not provide the same level of tenancy security as does Oxford City Council, and one reason why for years across the UK, council tenants have rejected asset transfer from council housing to housing associations. We need to seriously re-evaluate the need for large open green spaces in and around Oxford, whilst people go homeless, or are forced to move ever further from where they were born and brought up, their families, and their jobs. It's perhaps easier to be a NIMBY and fight to save parks if you already own your home, than for those who don't and caught in the great rent trap which Oxford has become. Unless supply of dwellings increases, the demand will just continue to inflate rental prices.
People should accept that they can't afford to live where they want to live, and live somewhere else!
Concreting over green areas is ludicrous just so someone can live where they grew up!
Lady Penelopee
says...
4:22pm Wed 22 Aug 12
Bartsimpson_uk wrote:er... somewhere else where there are 100s of 1 or 2 bedroom homes free!?
and where do these people move to, when there are no one or two bedroom homes free???
Lady Penelopee
says...
4:25pm Wed 22 Aug 12
father dowling wrote:This should be there first step to sort the problem out.
What about all the decent hard working families on the housing list for years on end been choked for sky high rent every month whilst single people live the life of luxury in two and three bedroom council houses ? OXFORD CITY COUNCIL shouls be ASHAMED of themselves. They know who these people are and do NOTHING ! When your family has grown up and moved out the council should MAKE YOU downsize and give families the chance you had when you so quickly grabbed a council house for your family ! REPORT any single person, whatever age or so called circumstances that is holding on to a COUNCIL FAMILY HOME today !!!!
Those living in a house too big for them should either downsize, or have to pay the full market rent.
They also need to cap council houses at 3 bedrooms, as no one reliant on social housing should require more than 3 bedrooms, otherwise they are breeding irresponsibly!
Myron Blatz
says...
7:03pm Wed 22 Aug 12
Milkbutnosugarplease
says...
10:25pm Wed 22 Aug 12
Lady Penelopee
says...
10:30am Thu 23 Aug 12
Perhaps they could have a rule in Oxford that all property sales can only be sold to an owner-occupier for the first 3 months of being on the market (then only after 3 months being offered to investors). The new owner would then be forbidden to rent it out for at least say 5 years.
Buying in Oxford is quite a daunting task when competing with Landlords, who are often experienced property buyers.
GaryOxford
says...
1:58pm Thu 23 Aug 12
Lady Penelopee wrote:The trouble is that in the locations where renting is cheaper, wages are also lower. So people are no better off in moving. This is a nationwide problem, housing is too expensive in relation to income.
Myron Blatz wrote:Since when has location of your dwelling been a human right?!
High rents across Oxford are due an ever mre expensive and finite property market (limit on available dwellings) combined with an ever-growing demand from the student sector which has spiralled out of control over the past couple of decades. This has seriously affected the housing needs of local people, who have found themselves increasingly outpriced in competition for private sector housing with student demand and the massive growth of the education industry in Oxford - such as Brookes. The situation for local Council Tax payers is that for single men and even married couples under 60 without children have little or no chance of getting Council Housing, where applicants on the waiting lists in Oxford can wait years and years. The way forward isn't more 'affordable' housing to buy, because many cannot afford deposits or high mortgages. Nor is the answer via housing associations - which do not provide the same level of tenancy security as does Oxford City Council, and one reason why for years across the UK, council tenants have rejected asset transfer from council housing to housing associations. We need to seriously re-evaluate the need for large open green spaces in and around Oxford, whilst people go homeless, or are forced to move ever further from where they were born and brought up, their families, and their jobs. It's perhaps easier to be a NIMBY and fight to save parks if you already own your home, than for those who don't and caught in the great rent trap which Oxford has become. Unless supply of dwellings increases, the demand will just continue to inflate rental prices.
People should accept that they can't afford to live where they want to live, and live somewhere else!
Concreting over green areas is ludicrous just so someone can live where they grew up!
EMBOX1
says...
9:48am Fri 24 Aug 12
Tsk.
oxfordox3
says...
6:24pm Fri 24 Aug 12
Abartonresident
says...
9:37pm Fri 24 Aug 12
Dilligaf2010
says...
9:56am Sat 25 Aug 12
oxfordox3 wrote:Manager of a restaurant earning £800 a month, by restaurant, do you mean a McDonalds or something similar?
i cannot afford to move out of my parents home and i am a manager of a restaurant. I dont have a car so i dont spend money on that. a 1 bedroom flat will cost me £900 pcm without any bills. Now someone who earns around £800 a month cannot afford it. like me. i was planning on going on the housing list until i was quoted by one of the council saying its better for me to have a child, if i want to move out quickly! If you are a single person with no children you will be on housing band c which i was told means you are very much less likely to get a place in the next 5 years. this is outrageous. i will be working for my money and my home and not squandering on the government.
Vernon Spools
says...
9:59am Sat 25 Aug 12
make mine a double
says...
6:30pm Sun 26 Aug 12
oxfordox3
says...
10:52am Tue 28 Aug 12
I have seen places in oxford however landlords are even worse than the council, saying i cant have a place as they are looking for post-grads ect. and my age. For what oxford is, i think the rents and house prices are terrible. and Kingston Road Crusader Ox2 6EG you happy i have replied.
Andrew:Oxford says...
1:40pm Wed 22 Aug 12
A monthly mortgage payment of £891 would, subject to deposit, put the borrower in reach of over 230 properties in Oxford right now.