Crawley has seen a significant increase in the average rent over the last 12 months. According to recent data, the average rent achieved for homes let in Crawley during this period was £1,185 per month, which represents a 10% increase from the previous 12-month period.
It is interesting to note that flats accounted for 52% of homes let in the past 12 months in Crawley, achieving an average rental value of £1,050 per month. On the other hand, houses achieved a higher average rent of £1,392 per month.
In terms of demographics, 23% of renters in Crawley are aged between 25 and 29. This suggests that the town may be particularly attractive to younger renters, possibly due to its proximity to London and other major cities in the South East of England such as Brighton. The average age of renters in Crawley is 35 years old, according to recent data. This indicates that the town's rental market appeals to a broad range of age groups, from young professionals to families and retirees.
In the past 12 months, there have been a significant number of renters in Crawley, suggesting that the demand for rental properties in the town remains high. This may be due to a range of factors, such as the town's location, transport links, and amenities, which make it an attractive place to live for many people.
As Crawley continues to develop and grow, it will be interesting to see how the rental market evolves to meet the changing needs and preferences of its residents, both in terms of age and lifestyle. However, the current data suggests that Crawley remains a popular and desirable location for renters, with a diverse and vibrant rental market.
Despite the increase in rent, Crawley remains an attractive location for renters looking for affordable housing options outside of London. The town is well-connected, with excellent transport links to London and other nearby cities. Additionally, Crawley offers a range of amenities and attractions, including the historic Crawley Museum, the Tilgate Nature Centre, and the K2 Leisure Centre.
Overall, the recent increase in average rent in Crawley may reflect the town's growing popularity as a residential location, particularly among young renters. As the town continues to grow and develop, it will be interesting to see how the rental market evolves and adapts to meet the changing needs and preferences of its residents.
If you have a property to let and need to find suitable tenants, call Ben on 01293552388.