Revealed: Hertfordshire’s least affordable rental locations

PUBLISHED: 13:59 05 August 2020 | UPDATED: 14:49 05 August 2020

The average tenant in Radlett can expect to spend 88 per cent of their monthly income on rent. Picture: Danny Loo

The average tenant in Radlett can expect to spend 88 per cent of their monthly income on rent. Picture: Danny Loo

Archant

Radlett and Shenley are the most unaffordable places to be a tenant in Hertfordshire, with residents spending an average of 88 per cent of their income on rent.

The WD7 postcode came eighth in a new countdown of pricey rental locations, behind areas of London, Surrey and Berkshire.

Window furnishing company Thomas Sanderson compared average wages per area and average rent per postcode in 294 UK places to create their rent vs income index.

Housing and homelessness charity Shelter recommends that rent should be no more than 35 per cent of income, but the study revealed that tenants in 23 per cent of UK locations are spending more.

You may also want to watch:

The least affordable location was London’s SW1 A postcode – the area around Buckingham Palace – where tenants are shelling out 188 per cent of their income on rent.

This was followed by parts of Surrey, Berkshire and Greater London – Leatherhead (110 per cent), Ascot (105 per cent), Virginia Water (99 per cent), Cobham (94 per cent), Esher (93 per cent) and Richmond (93 per cent).

Harpenden’s AL5 postcode isn’t far behind with an average spend of 54 per cent, while in St Albans the stats stand at 33 per cent in AL1, 34 per cent in AL4, 35 per cent in AL2 and 39 per cent in AL3.

At the opposite end of the scale is Bromyard in Herefordshire’s HR7 postcode, where just 10 per cent of income is typically required for the average monthly rent.

Richard Petrie, marketing director at Thomas Sanderson, said: “Despite being based on averages, it’s still shocking to learn that there are some areas in the UK where the average cost of rent exceeds the average income by quite some margin, particularly when it is supposed to only account for 35 per cent.

“This tool will hopefully help tenants to make informed decisions about where they might live, and where they can get the best bang for their buck.”


If you value what this story gives you, please consider supporting the Herts Advertiser. Click the link in the orange box above for details.

Related articles

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Herts Advertiser