With inflation dropping to a lowly 1% and wages showing little signs of improving, the changes in average rents in the Mendip area in the last 12 months come as little surprise..
Room ~ -1.7%
Studio ~ -1.4%
1 Bedroom ~ 1.3%
2 Bedrooms ~ 1.0%
3 Bedrooms ~ 0.9%
4 Bedrooms ~ -0.8%
All Property Types ~ 0.0%
The average rents are now as follows:
Room ~ £350
Studio ~ £360
1 Bedroom ~ £452
2 Bedrooms ~ £592
3 Bedrooms ~ £747
4 Bedrooms ~ £1081
All Property Types ~ £597

About Tom Morgan

Founder of Jungle Property the multi award-winning letting agent based in Glastonbury, Somerset. I am passionate about property and Glastonbury and about providing the very best advice to anyone who wants the best return on a buy-to-let property investment. For an open and brutally honest opinion on anything in the Glastonbury property market please contact me via tom.morgan@jungleproperty.co.uk