Private landlords looking to make their next investment may be drawn to Romford following news that the Essex town saw monthly landlord rent levels increase between April and June.

According to flat share website SpareRoom.co.uk, the area saw rents rise from £389 to £416 during the period.

This bucked the national trend, as the average rent apparently dropped £4 (from £393 to £389) across the UK as a whole, reports the Romford Recorder.

Matt Hutchinson, director of research at the property portal, said: "Demand for tenants in Romford has grown more strongly than in many other parts of the country, which has [resulted in rents soaring]."

He added that private landlords in Romford have "a reliable stream of room seekers"partly because of the town being a commutable distance to central London.

It has been widely reported that tenants have had the upper hand when it comes to negotiating a rental price in recent months, but it would seem this is not the case across the country.

Written by Claire DoyleADNFCR-2002-ID-19263509-ADNFCR

Related posts:

  1. Landlords upgrading their properties to maintain rent levels
  2. Landlord rent reductions analysed
  3. Landlord rent figures released
  4. Landlord rent predicted to remain flat
  5. Landlord rent ‘pretty firm’

Leave a Reply

You must be logged in to post a comment.

HOME