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Property Rental costs in Basingstoke

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Property rents in Basingstoke can vary greatly depending on location; expect to pay a premium if you want walking distance to the town centre, railway station or a new build.

 

Below indicates what you can expect to pay in rent now, what has been charged in the past and what the trends for the future have in store.

 

 

   Studio Flats            £522

1 Bedroom properties £628

2 Bedroom properties £792

3 Bedroom properties £910

4 Bedroom properties £1030

 

 

Basingstoke Rents

Property rents in the Basingstoke area have fluctuated widely over the last 12 months. The average rent this time last year across all property types was £798, peaking in August at £905 and then dipping to £794 in the autumn. The average monthly rent to date (January 2012) is £840 with the trend on the rise.

 

Recent History

Over the last 5 years Basingstoke rents have experienced a low of £709 in January 2009 to a high of £1038 in February 2010. Therefore average property rents in Basingstoke are on the rise, certainly in the short term. But the overall picture indicates moving into 2012, that property rents across all types are still £198 cheaper than they have been in the past 5 years.

 

 

Property rental activity by number of Bedrooms


1 bedroom homes

1 bedroom homes and flats in Basingstoke shows a less dramatic difference, rents at £655 this time last year now at £628. 5 years ago this figure was £709 indicating a fall of £81.

 

2 bedroom homes

2 bedroom houses and flats in Basingstoke over the last year saw a small increase to £792 from £784. Over the previous 5 year period Basingstoke rents declined £100 from £882 to £792.

 

 

3 bedroom homes

3 bedroom homes and flats in Basingstoke experienced a small increase last year from £865 to £910. Interestingly over the previous 5 year period, Basingstoke homes in this category have only raised £38 per month to £872.

 

 

4 bedroom homes

4 bedroom homes and flat rents in Basingstoke remain virtually stable over the last twelve months, presenting a rise of a mere £2 from £1028 to £1030. Taken over the last 5 years property rents in this range have gone up by £50 from £980 to £1030.

 

 

Types of properties advertised in Basingstoke

The most advertised home in Basingstoke have 2 bedrooms, presenting over 43% of properties available and unsurprisingly 5 bedrooms houses make up a mere 1% of the market.

Apartments in Basingstoke regardless of the amount of bedrooms make up nearly 25% of the market.

 

 

The Basingstoke Rental Market - The future

House builders in Basingstoke would have you believe rents are at an all time high, which plainly that is not the case. Yes in the short term, we will see small increases, but the longer term appears to indicate rents will remain stable.

 

 


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