Private sector rents in Buckinghamshire, Q3 2016 17 ... AWS

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Private sector rents in Buckinghamshire, Q3 2016

17 November 2016

At £1,113 per month, mean private sector rents in Buckinghamshire are 35.0 per cent higher than across England as a whole, the 2nd highest among the 27 county council areas, ranking 3rd among the 39 Local Enterprise Partnerships (LEPs), behind London and Enterprise M3. Mean private rents in Buckinghamshire for the year ending Q3 2016 were 7.2 per cent higher than in the preceding year, the 3rd fastest rise among county council areas, ranking 5th highest rise among LEPs. Median monthly rents rose 8.6 per cent in the last year to £950, 46.2 per cent above England’s median and the 3rd highest among county council areas. Table 1: Private rents, year ending Q3 2016

Aylesbury Vale Chiltern South Bucks Wycombe

Mean Median £ Rank £ Rank 909 93 825 97 1,439 21 1,250 25 1,628 15 1,275 24 1,105 60 950 63

Annual change Mean Median % Rank % Rank 5.7 73 6.5 67 6.8 57 9.8 16 7.6 43 3.0 172 6.4 60 6.1 68

Buckinghamshire

1,133

2

7.2

3

BTVLEP Enterprise M3 Hertfordshire London Northamptonshire Oxfordshire SEMLEP TV Berkshire

1,133 1,157 1,099 1,714 654 1,114 766 1,088

3 2 5 1 21 4 14 6

7.2 6.6 1.5 2.3 6.8 4.6 8.8 6.0

5 7 27 23 6 17 2 11

6.1 6.5

2 0

South East England

984 839

2 -

950

850 650

3

2 -

8.6

6.3 4.0

3

2 -

Source: VOA, 2016 South Bucks has both the highest mean rent in Buckinghamshire and the 15th highest of all 326 local authorities in England at £1,628 per month. At £1,275 and £1,250 respectively, South Bucks and Chiltern have the 24th and 25th highest median private sector rents ahead Wycombe (£950, 63rd) and Aylesbury Vale (£825, 97th). The mean private rent for a room in Buckinghamshire is £400, £360 at the median, falling to £350 at the 25th percentile. While this gives Buckinghamshire the 7th least expensive median private rents for rooms among the 27 county council area, at £585 Buckinghamshire’s studios are the 5th most expensive, with one bedroom properties ranking 4th () and all larger properties ranking 3rd, from £900 for a two bedroom property to £1,850 for properties with four or more bedrooms. Mean rents by size of property are presented in Table 2 with median rents in table 3.

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Table 2: Mean private rents by type of property, year ending Q3 2016 Room Studio 1 bed 2 bed 3 bed 4+ bed Aylesbury Vale 400 539 667 822 1,074 1,578 Chiltern 826 1,100 1,452 2,472 South Bucks 408 697 900 1,193 1,443 3,087 Wycombe 401 617 744 1,009 1,344 2,056 Buckinghamshire

400

589

730

956

1,268

2,202

South East England

436 391

554 675

693 719

890 1,100 1,934 780 887 1,570 Source: VOA, 2016

Table 3: Median private rents by type of property, year ending Q3 2016 Room Studio 1 bed 2 bed 3 bed 4+ bed Aylesbury Vale 380 500 650 800 1,000 1,495 Chiltern 800 1,095 1,450 2,250 South Bucks 400 650 885 1,150 1,350 2,525 Wycombe 360 625 750 950 1,295 1,750 Buckinghamshire

360

585

715

900

1,200

1,850

South East England

420 368

530 570

675 575

850 1,025 1,700 625 715 1,275 Source: VOA, 2016

The raw data are available here: https://www.gov.uk/government/statistics/private-rental-market-summary-statisticsoctober-2015-to-september-2016

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