If you are a landlord or a tenant, it is helpful to know what is happening in your local rental market.
If you are a tenant, you want to make sure you are receiving value for money, and that your rental property is right for you.
If you are a landlord, you want to ensure you are pricing your rental accommodation properly, and that you know what is happening in your local area.
We appreciate many people are busy, which makes it difficult to stay in touch with their local market, but we are here to help.
We know the local Portsmouth rental market
At MI Home Living, we are Portsmouth rental market specialists. We are pleased to say we know the local area well, and that we speak with landlords and tenants here on a regular basis.
We also stay in touch with the latest news and information in the area.
Whether you are a landlord or tenant, it is vital you know about the local lettings market. It is essential you make an informed decision as to your next move, and if you are looking for assistance in the Portsmouth rental market, Intercounty is here to assist you.
We are pleased to say we are lettings specialist in Portsmouth, and we have brought many landlords and tenants together.
Are you a local landlord in Portsmouth?
According to the home.co.uk website, there is a total of 937 properties available for rent in Portsmouth. At the same time, the Rightmove property portal lists 1,091 Portsmouth properties available for rent.
It is important to be aware that different sites use different information, and there is no single place to see a complete overview of the market.
However, there is a considerable level of information available on the home website, and this will allow landlords and tenants to develop an understanding of the current rental marketplace in Portsmouth.
There were 97 properties listed for rent in Portsmouth in the 14 days leading to February 2nd.
The average property rents in Portsmouth stands at £1,387 per calendar month (pcm), and the median rent stands at £1,213 pcm.
There were no properties listed for rent at a price lower than £250pcm, while there were 73 properties listed between £250 and £500 pcm. A total of 265 properties were listed at between £500 and £1,000 pcm in Portsmouth, while the most commonly listed rental price group stood between £1,000 and £2,00 pcm. A total of 445 Portsmouth properties were listed at this level.
140 properties were listed for rent between £2,000 and £5,000 pcm, and five properties were listed at more than £5,000 pcm.
What is the most commonly offered rental property in Portsmouth right now?
- Number of one-bedroom rental properties in Portsmouth: 108
- Number of two-bedroom rental properties in Portsmouth: 177
- Number of three-bedroom rental properties in Portsmouth: 135
- Number of four-bedroom rental properties in Portsmouth: 220
- Number of five-bedroom rental properties in Portsmouth: 107
Usurpingly, the most commonly offered rental properties in Portsmouth were one and two-bedroom properties.
- Average rent for one-bedroom rental property in Portsmouth was: £676 pcm
- Average rent for two-bedroom rental properties in Portsmouth was: £1,001 pcm
- Average rent for three-bedroom rental properties in Portsmouth was: £1,201 pcm
- Average rent for four-bedroom rental properties in Portsmouth was: £1,519 pcm
- Average rent for five-bedroom rental properties in Portsmouth was: £2,024 pcm
Whatever information you need to feel more confident about your next step, get in touch, and we will be happy to assist you.
If you are interested in our lettings or property management services in or around Portsmouth, contact MI Home Living today and a member of our team will be happy to help you.