Watch: Our MD shares lessons in entrepreneurship, youth and the property industry.

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Our Managing Director Denzel sat down with PropertyTribes to discuss life as a young entrepreneur in the property sector, lessons learned, and stepping up when things hit the proverbial fan. Watch the video below or read the full transcript.

Welcome back my name’s Chris Buckler and I am running Young Entrepreneurs Week on behalf of PropertyTribes by Keller Williams. I’m really fortunate to have Denzel with me here today – Denzel thanks for joining me.

Thank you very much Chris.

Can you give me an overview of your business?

Like-Minded Living aims to provide a place to live for young professionals that are moving to London. This includes finding the right place to live and also the right people, hence the name Like-Minded Living.

What got you into property? What attracts you to the sector?

I grew up in property – property is everywhere you go, it’s here there and everywhere, and I think I became infatuated with it after I left University. I saw that there’s an opportunity in the market and I pretty much took it with both hands.

You’ve grown your businesses to three members of staff now, so one of the themes we’ve touched on in the previous videos is taking on staff – can you talk me through the challenges of taking on staff and what you’ve learned?

Taking on staff sometimes means that they’re going to have to earn a wage whilst you don’t, but one of the most rewarding things is that they’re not only there to help your business, they’re also there to help you grow as well, so it’s a two-way process and now that the business has stabilised, it’s been a rewarding and challenging experience.

What do you think young people bring to the property sector?

I think what we bring is the attitude or fearlessness; we quite literally don’t take “no” as an answer and, if you do say no, that translates to “I’ll find another way of getting it done”. That sort of tenacity and never giving up is what young people bring to the market and it’s quite refreshing.

I think that’s an underlying theme of the videos we’ve recorded so far; if young entrepreneurs getting there just keep on going and keep pushing. What helped you the most over your journey of the past couple years?

It has a lot to do with having a good support system. This doesn’t necessarily mean you have a VC or private investor backing you; a good support system can be something as simple having good friends and family. When ‘stuff hits the fan’ these are the moments which are truly telling, because I believe how successful you become is about how well supported you are, and how much you can persevere through the difficult times by getting support from your family members.

Can you maybe deep dive into that? Tell me about a time where stuff hit the fan, didn’t go to plan, and you had to lean on someone.

For me growing up as a young boy, if you ever had a problem you would go to your parents and say “Mum, Dad, this is happening at school, this is happening University, what do I do, what’s the plan, what’s next?”

When you’re in the industry the biggest difference that I found is that there isn’t a Mum and Dad card, quite literally if things are going in a certain direction your lawyer becomes your parent, he now has to sort that out for you, and nothing just goes away as if by magic.

When I was in the moment finding out that some things weren’t as perfect as they seemed, my family were there for me not only from a business perspective, but also in a personal way. Everything to happen to us in business also provides lessons that can be applied on a personal level, so I think in that situation that’s why my family came in to help me.

I presume you work quite a large number of hours – how do you make sure you keep in contact with friends and family to keep that support network alive?

For the first two years you just have to accept that friends and family are not really going to be a big part of your life, and the sooner you accept that the easier it becomes for everyone, because a lot of times I say to my friends “look, for the next three or four weeks it’s peak accommodation season, I need to get my head down and focus”. So it’s now more of a cyclical thing – when business is not so busy then I’ll catch up with my friends, but when it’s peak season we have to have to get to work and get busy.

As a young entrepreneur, then, if you want to make it you’ve got to make sacrifices?

Sacrifices are just the minimum thing you have to accept. You have to make multiple sacrifices but then, when you get the reward, it’s fantastic.

Talk to me a little bit about the reward, and the feeling of when a deal comes in, or when you hit a certain milestone as a young person what does that mean to you?

It’s quite surreal because, if I go back to my office and I see other offices next to us, it’s an older age group and then you have to look yourself in the mirror and say “is this really what’s happening? I thought about this in my bedroom and here I am today in our office”. So as a young person, every day you almost have to pinch yourself and realise yes, this is happening and yes, you do have to step up to the plate and yes, you do have to mature. It’s a humbling experience.

How long did it take you to move from the bedroom to an office?

We were a slow burner. We did rent to rent to begin with, meaning high capital expenditure, and we found that your growth rate is limited to how much capital you have available. Now that we’ve switched to an estate agency-based business, we moved into an office in Shoreditch at the end of 2017, and then moved to Putney, so it took us about a year and a half to two years. As I say, even if it seems slow for anyone else, that’s just where your company is at the time and you have to just accept that, move on, and make steps to get to where you want to be. Everybody has their time.

What advice would you give to any entrepreneurs watching this, in terms of you’ve got no mum and dad telling you what to do, but you have to develop as an individual? So if you get onto the corporate ladder you might do some accounting, or be a lawyer, so you’ve got that path mapped out for you. But as an entrepreneur you don’t, so how do you how do you evolve as an individual?

My first core mantra for evolution is acceptance. The minute that you can start to accept your situation, whether it’s a family at home or a business or grades, is the minute that you can actually start to grow personally. When you can accept and understand “this is where I am right now, and this is where I want to be,” every day has its pros and cons – accepting the cons provides ways in which to learn, and the pros are the rewards of the challenges. Once you have that sort of mindset it allows you to go through the rollercoaster of entrepreneurship in a healthier state of mind.

You seem like a guy that’s quite into mindfulness and evolving; if you could give a tip for any young entrepreneurs, whether it’s daily habits, recording gratitude, something along those lines, what would that be?

Find something that will humble you. Find something that reminds you exactly who you are and where you came from. Something that we like to do is get involved with food banks, working with them on organising meals and that sort of thing. When you experience all sorts of events truly you understand that the work that you’re doing is great, but this is where I really should be trying to make a difference and trying to help, and it does help to humble you then you can go into your next challenge without overly high expectations because you know exactly where you came from.

Thanks so much for joining us.

 

London Residential Property Rental Market Watch – July 2018

Introduction

Welcome to the August 2018 volume of London Rent Watch; our data tracker of the residential lettings market in London, with a detailed view of the private rental sector in our six core market areas in South and West London – Chelsea, Hammersmith, Fulham, Clapham, Balham and Putney.

The objective is to keep landlords with assets in these boroughs informed of the local and regional trends in the value of return on their buy-to-let investment. At the end of each calendar month we publish live, up-to-date data on mean and median average rental values, broken down by property type and size.

Summary

The monthly variance in residential rental values from July to August 2018 comes against a backdrop of falling supply across the London region. Our sample of 68,770 properties was -11.5% lower than in the month of July.

This fall in supply has increased the mean average letting value in the capital month-on-month by +3.7%, whilst the median value remains unchanged, suggesting that monthly growth has been fuelled more by the premium end of the market compared with low and mid-market properties.

Contents

(click to jump)

London Rental Values >
Chelsea Residential Rental Values >
Hammersmith Residential Rental Values >
Fulham Residential Rental Values >
Clapham Residential Rental Values >
Balham Residential Rental Values >
Putney Residential Rental Values >
About the Data & Methodology >

 

London Rental Values

12 Month Variance

Rental values across London cooled once again in the last 12 months, with the ONS reporting an annual decrease of -0.3%, down further from -0.2% in the preceding two months. This is the largest annual contraction in values since September 2010, when the figure was -0.4%.

With letting values in Britain as a whole rising 0.9% in the same period, and the UK excluding the capital up 1.5%, London is once again the only region where annual rental values are falling.

One Month Variance

London as a whole saw the mean asking rent increase from July to August, whilst the median remained unchanged, showing that growth in letting values has been greater for houses and apartments at the upper end of the market. For these properties, monthly growth was stronger relative to the number of bedrooms.

Single room lets were the exception to this, with rental growth most prominent in rooms with below average asking rents.

Headline Rent Values in London – August 2018

SAMPLE SIZE: 68,770 properties (-11.5% monthly)

LONDON August 2018 July 2018 Monthly Change
Mean Average Rental Value £3,023 pcm £2,914 pcm +3.7%
Median Average Rental Value £1,950 pcm £1,950 pcm 0%

 

Rent Values by Bedrooms in London – August 2018

LONDON % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 34% £1,936 pcm +2.2% £1,582 pcm +1.4%
Two bedrooms 51% £2,742 pcm +3% £2,102 pcm +4.3%
Three bedrooms 2% £4,333 pcm +4.4% £2,752 pcm +5.8%
Four bedrooms 9% £5,158 pcm +4.7% £3,033 pcm +1.1%
Five bedrooms 4% £7,923 pcm 4.8% £4,498 pcm +4.3%

 

Rent Values by Property Type in London – July 2018

LONDON % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 5% £745 pcm -1% £698 pcm +1.9%
Flat 81% £2,871 pcm +3.8% £1,950 pcm 0%
House 14% £4,728 pcm +1.9% £2,600 pcm -1.9%

 

 

Chelsea Residential Rental Values

SAMPLE SIZE: 4825 properties (-6.4% monthly)

One Month Variance

In Chelsea all property types and sizes signalled rental value growth from July to August. With a drop in supply of around -6.4%, all mean and median letting values increased showing that Chelsea’s growth is applicable to the low, mid and premium ends of the market concurrently.

One and three bedroom properties saw the largest increase in average asking rents, with single rooms outperforming entire flats and houses. Growth in four and five bedroom property rents was fuelled by those with above average letting values.

Headline Rent Values in Chelsea – August 2018

CHELSEA August 2018 July 2018 Monthly Change
Mean Average Rental Value £6,119 pcm £5,811 pcm +5.3%
Median Average Rental Value £3,423 pcm £3,358 pcm +1.9%

 

Rent Values by Bedrooms in Chelsea  – August 2018

CHELSEA % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 27% £3,001 pcm +3.1% £2,351 pcm +3.3%
Two bedrooms 47% £4,379 pcm +1.2% £3,445 pcm +0.6
Three bedrooms 18% £9,096 pcm +5.2% £6,717 pcm +3.3%
Four bedrooms 5% £14,034 pcm +0.05% £10,888 pcm +9%
Five bedrooms 3% £27,021 pcm +0.9% £20,583 pcm +5.5%

 

Rent Values by Property Type in Chelsea  – August 2018

CHELSEA % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 1% £991 pcm +13.5% £915 pcm +8.9%
Flat 88% £5,037 pcm +4.7% £3,315 pcm +2%
House 11% £15,074 pcm +1.3% £9,984 pcm +2.4%

 

 

Hammersmith Residential Rental Values

SAMPLE SIZE: 2472 properties (-18.4% monthly)

One Month Variance

Growth in Hammersmith rental values was modest yet consistent from July to August, with growth across all property types at all ends of the market.

Four and particularly five bedroom properties experienced the greatest increase in asking rents, whilst studio and single bedroom properties saw the greatest rises among those with below average rental values.

Headline Rent Values in Hammersmith – August 2018

HAMMERSMITH August 2018 Monthly Change
Mean Average Rental Value £3,117 pcm +0.3%
Median Average Rental Value £2,600 pcm +0.9%

 

Rent Values by Bedrooms in Hammersmith – August 2018

HAMMERSMITH % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 26% £2,019 pcm +1.6% £1,950 pcm +11.1%
Two bedrooms 45% £3,113 pcm +1.9% £3,033 pcm +1.1%
Three bedrooms 21% £4,286 pcm +2.1% £3,913 pcm +2.6%
Four bedrooms 5% £4,598 pcm +7.8% £3,792 pcm +8.4%
Five bedrooms 4% £9,629 pcm +12.4% £7,150 pcm +13.8%

 

Rent Values by Property Type in Hammersmith – July 2018

HAMMERSMITH % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £860 pcm +1.2% £835 pcm +4%
Flat 90% £2,888 pcm +0.9% £2,513 pcm +0.8%
House 7% £6,762 pcm +8% £4,312 pcm 0%

 

Fulham Residential Rental Values

SAMPLE SIZE: 2678 properties (-11% monthly)

One Month Variance

Overall letting values in Fulham remained flat from July to August 2018. Three and four bedroom properties saw strong growth in asking rents, whilst five bedroom properties contracted slightly.

Single room rentals increased across the board with a disproportionate supply at the bottom end of the market. Average rental values for houses meanwhile decreased, with the premium end of the market’s growth cancelled out by decreases in the low and mid-market segments.

Headline Rent Values in Fulham – August 2018

FULHAM August 2018 Monthly Change
Mean Average Rental Value £3,094 pcm +0.1%
Median Average Rental Value £2,383 pcm 0%

 

Rent Values by Bedrooms in Fulham – August 2018

FULHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 25% £1,980 pcm +0.6% £1,755 pcm -2.4%
Two bedrooms 45% £2,792 pcm +2% £2,500 pcm +3%
Three bedrooms 19% £4,096 pcm +7.4% £3,575 pcm +10%
Four bedrooms 7% £5,860 pcm +7.9% £4,117 pcm +2.7%
Five bedrooms 3% £8,149 pcm -3.5% £5,417 pcm 0%

 

Rent Values by Property Type in Fulham – August 2018

FULHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £923 pcm +9% £885 pcm +7.5%
Flat 85% £2,664 pcm +1.1% £2,275 pcm +3.4%
House 12% £6,540 pcm -2.2% £4,983 pcm +4.5%

 

Clapham (Lambeth) Residential Rental Values

SAMPLE SIZE: 865 properties (-17.9% monthly)

One Month Variance

Growth in Clapham’s rental values was seen in two, three and four bedroom properties, particularly in the low and mid-market segments. Five bedroom asking rents decreased during the month.

Increased rents for single room lets was fuelled almost entirely by growth at the premium end of the market, among those above the average value. Flats and apartments saw greater increases in the lower and mid-market segments.

Headline Rent Values in Clapham – August 2018

CLAPHAM August 2018 Monthly Change
Mean Average Rental Value £2,183 pcm +1.6%
Median Average Rental Value £1,820 pcm -1.5%

 

Rent Values by Bedrooms in Clapham – August 2018

CLAPHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 22% £1,568 pcm -0.1% £1,499 pcm +0.3%
Two bedrooms 47% £1,972 pcm +1.8% £1,798 pcm 0%
Three bedrooms 17% £2,497 pcm +4% £2,392 pcm +2.2%
Four bedrooms 9% £3,587 pcm +8.6% £3,351 pcm +5.9%
Five bedrooms 5% £4,713 pcm -0.5% £4,117 pcm -13.6%

 

Rent Values by Property Type in Clapham – August 2018

CLAPHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £708 pcm +0.8% £693 pcm -8.2%
Flat 81% £1,964 pcm +0.1% £1,777 pcm +1.2%
House 16% £3,670 pcm +1.3% £3,484 pcm +1.1%

 

Balham (Wandsworth) Residential Rental Values

SAMPLE SIZE: 661 properties (-12% monthly)

One Month Variance

Similarly to Clapham, the monthly growth in mean letting value in Balham was pushed by two, three and four bedroom properties. One bedroom and single room lets in fact saw noticeable decreases in the asking rent price; whilst five bedroom properties saw decreases at the premium end of the market only.

Growth was driven by houses, with flats and apartments’ values mostly unchanged, and those of single room lets significantly reduced on average.

Headline Rent Values in Balham – August 2018

BALHAM August 2018 Monthly Change
Mean Average Rental Value £2,228 pcm +1.2%
Median Average Rental Value £1,850 pcm 0%

 

Rent Values by Bedrooms in Balham – August 2018

BALHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 27% £1,399 pcm -2.6% £1,370 pcm -2%
Two bedrooms 37% £1,920 pcm +5.4% £1,820 pcm +5%
Three bedrooms 19% £2,708 pcm +8.4% £2,253 pcm -1.9%
Four bedrooms 11% £3,308 pcm +2.1% £3,066 pcm +0.4%
Five bedrooms 7% £4,466 pcm 0% £4,117 pcm -2.5%

 

Rent Values by Property Type in Balham – August 2018

BALHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £745 pcm -10.4% £701 pcm -2.6%
Flat 74% £1,812 pcm -0.1% £1,700 pcm 0%
House 23% £3,757 pcm +6.3% £3,501 pcm +2.9%

 

Putney (Wandsworth) Residential Rental Values

SAMPLE SIZE: 4027 properties

One Month Variance

Strong rental value growth for August in Putney came from flats, apartments and single room rentals. Houses, on the other hand, decreased in asking rental values during the period. One, two and three bedroom properties saw the greatest growth at the premium end of the market with median increases outstripping those of the mean average.

Headline Rent Values in Putney – August 2018

PUTNEY August 2018 Monthly Change
Mean Average Rental Value £3,022 pcm +2%
Median Average Rental Value £2,350 pcm +3.3%

 

Rent Values by Bedrooms in Putney – August 2018

PUTNEY % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 20% £1,804 pcm -0.6% £1,599 pcm +1%
Two bedrooms 46% £2,761 pcm +3.4% £2,383 pcm +7.8%
Three bedrooms 20% £3,838 pcm +7% £3,100 pcm +14.5%
Four bedrooms 9% £4,486 cm +8.9% £3,501 pcm +1.6%
Five bedrooms 5% £6,311 pcm +4.3% £5,001 pcm +0.4%

 

Rent Values by Property Type in Putney – August 2018

PUTNEY % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £812 pcm +3.1% £728 pcm +3.7%
Flat 81% £2,775 pcm +4.6% £2,167 pcm +1%
House 16% £4,748 pcm -1.8% £3,683 pcm -1.8%

 

About the Data & Methodology

Data Sourcing

The data in our Rent Watch tracker is a live to-the-minute snapshot of residential rental values, aggregated from the UK’s most comprehensive database of current asking rental values on home.co.uk. We collect the data for London as a whole, and for each of our six focus areas in South and West London – Chelsea, Hammersmith, Fulham, Clapham, Balham and Putney.

This month’s data was compiled at 30th August July 2018.

Methodology

The data is first broken down by property type and by the number of bedrooms, with each of these groups expressed as a percentage of the sample size for each location.

The mean average rental value is calculated by dividing the sum of all rental values in the sample y the number of properties in that sample.

The median average rental value is calculated by arranging every rental value in the sample from smallest to largest, and selecting the single value for which 50% of the values are above and 50% are below.

The monthly variance is expressed as a percentage increase or decrease from the data we collected in the previous month, to show a monthly change in rental values within the given sample.

London Residential Property Rental Market Watch – July 2018

Introduction

Welcome to the first volume of London Rent Watch; our data tracker of the residential lettings market in London, with a detailed view of the private rental sector in our six core market areas in South and West London – Chelsea, Hammersmith, Fulham, Clapham, Balham and Putney.

The objective is to keep landlords with assets in these boroughs informed of the local and regional trends in the value of return on their buy-to-let investment. At the end of each calendar month we’ll publish live, up-to-date data on mean and median average rental values, broken down by property type and size.

Contents

(click to jump)

London Rental Values >
Chelsea Residential Rental Values >
Hammersmith Residential Rental Values >
Fulham Residential Rental Values >
Clapham Residential Rental Values >
Balham Residential Rental Values >
Putney Residential Rental Values >
About the Data & Methodology >

London Rental Values

12 Month Variance

Rental values across the capital cooled in the 12 months to June 2018, with the ONS reporting an annual decrease of 0.2% for the second month in a row. When the drop was recorded in May this was the first month since September 2010 that London’s letting values contracted.

With letting values in Britain as a whole rising 1% in the same period, and the UK excluding the capital up 1.6%, London is the only region in the country where annual rental values are falling.

Headline Rent Values in London – July 2018

SAMPLE SIZE: 77,703 properties

LONDON July 2018 Monthly Change
Mean Average Rental Value £2,914 pcm N/A
Median Average Rental Value £1,950 pcm N/A

 

Rent Values by Bedrooms in London – July 2018

LONDON % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 28% £1,895 pcm N/A £1,560 pcm N/A
Two bedrooms 42% £2,661 pcm N/A £2,015 pcm N/A
Three bedrooms 18% £4,150 pcm N/A £2,600 pcm N/A
Four bedrooms 8% £4,926 pcm N/A £3,000 pcm N/A
Five bedrooms 3% £7,558 pcm N/A £4,312 pcm N/A

 

Rent Values by Property Type in London – July 2018

LONDON % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 5% £753 pcm N/A £685 pcm N/A
Flat 82% £2,765 pcm N/A £1,950 pcm N/A
House 13% £4,642 pcm N/A £2,650 pcm N/A

 

 

Chelsea Residential Rental Values

SAMPLE SIZE: 5155 properties

Headline Rent Values in Chelsea – July 2018

CHELSEA July 2018 Monthly Change
Mean Average Rental Value £5,811 pcm N/A
Median Average Rental Value £3,358 pcm N/A

 

Rent Values by Bedrooms in Chelsea  – July 2018

CHELSEA % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 28% £2,911 pcm N/A £2,275 pcm N/A
Two bedrooms 47% £4,326 pcm N/A £3,423 pcm N/A
Three bedrooms 17% £8,650 pcm N/A £6,500 pcm N/A
Four bedrooms 5% £14,026 pcm N/A £9,984 pcm N/A
Five bedrooms 2% £26,783 pcm N/A £19,500 pcm N/A

 

Rent Values by Property Type in Chelsea  – July 2018

CHELSEA % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 1% £873 pcm N/A £840 pcm N/A
Flat 89% £4,812 pcm N/A £3,250 pcm N/A
House 10% £14,887 pcm N/A £9,750 pcm N/A

 

 

Hammersmith Residential Rental Values

SAMPLE SIZE: 3030 properties

Headline Rent Values in Hammersmith – July 2018

HAMMERSMITH July 2018 Monthly Change
Mean Average Rental Value £3,127 pcm N/A
Median Average Rental Value £2,578 pcm N/A

 

Rent Values by Bedrooms in Hammersmith – July 2018

HAMMERSMITH % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 25% £1,987 pcm N/A £1,755 pcm N/A
Two bedrooms 45% £3,053 pcm N/A £3,000 pcm N/A
Three bedrooms 21% £4,197 pcm N/A £3,813 pcm N/A
Four bedrooms 6% £4,264 pcm N/A £3,499 pcm N/A
Five bedrooms 4% £8,567 pcm N/A £6,284 pcm N/A

 

Rent Values by Property Type in Hammersmith – July 2018

HAMMERSMITH % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 2% £850 pcm N/A £803 pcm N/A
Flat 89% £2,861 pcm N/A £2,492 pcm N/A
House 9% £6,262 pcm N/A £4,312 pcm N/A

 

Fulham Residential Rental Values

SAMPLE SIZE: 3009 properties

Headline Rent Values in Fulham – July 2018

FULHAM July 2018 Monthly Change
Mean Average Rental Value £3,090 pcm N/A
Median Average Rental Value £2,383 pcm N/A

 

Rent Values by Bedrooms in Fulham – July 2018

FULHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 26% £1,968 pcm N/A £1,798 pcm N/A
Two bedrooms 46% £2,736 pcm N/A £2,427 pcm N/A
Three bedrooms 19.5% £3,812 pcm N/A £3,250 pcm N/A
Four bedrooms 9% £5,430 pcm N/A £4,008 pcm N/A
Five bedrooms 0.5% £8,446 pcm N/A £5,417 pcm N/A

 

Rent Values by Property Type in Fulham – July 2018

FULHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £847 pcm N/A £823 pcm N/A
Flat 85% £2,635 pcm N/A £2,200 pcm N/A
House 12% £6,685 pcm N/A £4,767 pcm N/A

 

Clapham (Lambeth) Residential Rental Values

SAMPLE SIZE: 1054 properties

Headline Rent Values in Clapham – July 2018

CLAPHAM July 2018 Monthly Change
Mean Average Rental Value £2,149 pcm N/A
Median Average Rental Value £1,848 pcm N/A

 

Rent Values by Bedrooms in Clapham – July 2018

CLAPHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 23% £1,569 pcm N/A £1,495 pcm N/A
Two bedrooms 41% £1,937 pcm N/A £1,798 pcm N/A
Three bedrooms 22% £2,402 pcm N/A £2,340 pcm N/A
Four bedrooms 9% £3,303 pcm N/A £3,163 pcm N/A
Five bedrooms 5% £4,736 pcm N/A £4,767 pcm N/A

 

Rent Values by Property Type in Clapham – July 2018

CLAPHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £4,767 pcm N/A £755 pcm N/A
Flat 83% £1,945 pcm N/A £1,755 pcm N/A
House 14% £3,624 pcm N/A £3,445 pcm N/A

 

Balham (Wandsworth) Residential Rental Values

SAMPLE SIZE: 751 properties

Headline Rent Values in Balham – July 2018

BALHAM July 2018 Monthly Change
Mean Average Rental Value £2,201 pcm N/A
Median Average Rental Value £1,850 pcm N/A

 

Rent Values by Bedrooms in Balham – July 2018

BALHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 23% £1,436 pcm N/A £1,398 pcm N/A
Two bedrooms 36% £1,822 pcm N/A £1,733 pcm N/A
Three bedrooms 24% £2,498 pcm N/A £2,297 pcm N/A
Four bedrooms 11% £3,239 pcm N/A £3,055 pcm N/A
Five bedrooms 6% £4,465 pcm N/A £4,225 pcm N/A

 

Rent Values by Property Type in Balham – July 2018

BALHAM % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 2% £832 pcm N/A £720 pcm N/A
Flat 75% £1,814 pcm N/A £1,700 pcm N/A
House 24% £3,533 pcm N/A £3,402 pcm N/A

 

Putney (Wandsworth) Residential Rental Values

SAMPLE SIZE: 4027 properties

Headline Rent Values in Putney – July 2018

PUTNEY July 2018 Monthly Change
Mean Average Rental Value £2,961 pcm N/A
Median Average Rental Value £2,275 pcm N/A

 

Rent Values by Bedrooms in Putney – July 2018

PUTNEY % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
One bedroom 20% £1,816 pcm N/A £1,582 pcm N/A
Two bedrooms 46% £2,671 pcm N/A £2,210 pcm N/A
Three bedrooms 18% £3,584 pcm N/A £2,708 pcm N/A
Four bedrooms 10% £4,119 pcm N/A £3,445 pcm N/A
Five bedrooms 5% £6,048 pcm N/A £4,983 pcm N/A

 

Rent Values by Property Type in Putney – July 2018

PUTNEY % of sample Mean  Average rent Monthly Change Median Average rent Monthly Change
Room 3% £787 pcm N/A £702 pcm N/A
Flat 81% £2,653 pcm N/A £2,145 pcm N/A
House 16% £4,835 pcm N/A £3,750 pcm N/A

 

About the Data & Methodology

Data Sourcing

The data in our Rent Watch tracker is a live to-the-minute snapshot of residential rental values, aggregated from the UK’s most comprehensive database of current asking rental values on home.co.uk. We collect the data for London as a whole, and for each of our six focus areas in South and West London – Chelsea, Hammersmith, Fulham, Clapham, Balham and Putney.

This month’s data was compiled at 15:00 on 23rd July 2018.

Methodology

The data is first broken down by property type and by the number of bedrooms, with each of these groups expressed as a percentage of the sample size for each location.

The mean average rental value is calculated by dividing the sum of all rental values in the sample y the number of properties in that sample.

The median average rental value is calculated by arranging every rental value in the sample from smallest to largest, and selecting the single value for which 50% of the values are above and 50% are below.

The monthly variance is expressed as a percentage increase or decrease from the data we collected in the previous month, to show a monthly change in rental values within the given sample.

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