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Lettings November 27, 2020
     

Current Asking Rents In Hackney

Whether you are a landlord or tenant, if you plan on making a move in Hackney, you need to make an informed decision. Knowing the current asking rents in Hackney helps you make the decision which is right for you.

At Sovereign House, we are pleased to say we have helped many landlords and tenants in and around Hackney. We appreciate these are challenging times. However, our team is highly skilled and experienced, and we look forward to assisting you as best we can.

According to Zoopla, the average current asking rent in Hackney, as of October 2020 is £1,873 per calendar month (pcm). This is useful information if you are starting your research in the market, but whether you are a landlord or tenant, you will need more detailed information before you feel ready to make a decision.

If you are a tenant looking for a two-bedroom property, the average rent doesn’t provide you with actionable information. This is because the average is made up of all rental properties, including properties too small for your needs and rental options which are too large for you.

Similarly, a landlord who is looking to let a four-bedroom property shouldn’t pay too much attention to the average asking rent for the area as a whole.

Therefore, there is a need to dig further into the current asking rents in Hackney as of October 2020, and we will now do this.

One-bedroom asking rent in Hackney

For a one-bedroom house in Hackney, the current asking rent is £911 pcm and for a one-bedroom flat, the current asking rent is £1,472. The average asking rent for all one-bedroom properties in Hackney stands at £1,443.

In this example, it is okay for landlords and tenants to consider the average, because for many people, the size of room is the most important aspect, not the type of property. However, with a notable difference in the current asking rent for property types, it is also important landlords and tenants consider the property type which is relevant to them, and then forms a decision based on that.

Two-bedroom asking rent in Hackney

For a two-bedroom house in Hackney, the current asking rent is £2,034 pcm and for a one-bedroom flat, the current asking rent is £1,993. The average asking rent for all two-bedroom properties in Hackney stands at £1,993.

The high volume of two-bedroom flats, in comparison with a relatively limited number of two-bedroom houses available for rent in Hackney, leads to the average asking rent for all two-bedroom properties in Hackney being the same as the current asking rent for two-bedroom flats.

It is also interesting to note that for one-bedroom properties, flats had a higher asking rent, but for two-bedroom properties, houses had the higher asking rent.

Three-bedroom asking rent in Hackney

For a three-bedroom house in Hackney, the current asking rent is £2,386 pcm and for a three-bedroom flat, the current asking rent is £2,410. The average asking rent for all three-bedroom properties in Hackney stands at £2,407.

Four-bedroom asking rent in Hackney

For a four-bedroom house in Hackney, the current asking rent is £3,675 pcm and for a four-bedroom flat, the current asking rent is £2,737. The average asking rent for all four-bedroom properties in Hackney stands at £3,326.

Five-bedroom asking rent in Hackney

For a five-bedroom house in Hackney, the current asking rent is £2,999 pcm and for a five-bedroom flat, the current asking rent is £3,198. The average asking rent for all five-bedroom properties in Hackney stands at £3,098.

These are challenging times in the rental market, but there is activity and demand for homes. At Sovereign House, we are keen to help you with whatever you need in the Hackney lettings market. Why not call us on 020 8985 5800 or visit us at 213 Victoria Park Road, we look forward to assisting you with your property needs.



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