Homes You Can Rent In Top 10 UK Rental Hotspots Revealed

The rental shortage hot spots have been revealed, with the Isle of Wright, West Devon and Cornwall leading the way.

Rental housing shortages are so acute that in some towns and villages in these areas there is only one property to rent.

In the market town of Tavistock in West Devon, for example, the only property to rent on Rightmove is a basement studio apartment costing £ 460 per month.

Rental shortage hot spots have been revealed, with Wright Island, West Devon and Cornwall leading the way

In other areas, ads say “views are complete” within one day of posting the property online.

Rightmove’s findings were based on more than 400,000 rental listings in June and July of this year and comparing them to the same period two years ago.

He revealed the true extent of the shortage of rental housing compared to pre-pandemic levels, with the Isle of Wight topping the list with an 82% drop in available rental stock.

We’ve selected a property in each of the top 10 rental shortage hotspots to provide an overview of what’s on offer for rent in each of these locations. (Scroll down for selection of real estate listings.)

The Rightmove research did not analyze the type of homes hardest hit – such as an apartment or family homes – and instead focused on locations only.

The areas with the greatest reduction in stock compared to summer 2019 are seaside resorts and seaside resorts.

The only property to rent in the market town of Tavistock in West Devon is a basement studio apartment costing £ 460 per month.

The only property to rent in the market town of Tavistock in West Devon is a basement studio apartment costing £ 460 per month.

Tim Bannister, from Rightmove, said: “Owners of typical UK tourist destinations have continued the huge increase in demand for vacation rentals this summer, resulting in a temporary drop in stock available for renters. permanent.

“However, as the summer vacation draws to a close, agents are now reporting that more landlords are turning to longer-term tenants as a more secure and stable option for the rest of the year and until 2022.

Owners of typical Britain’s tourist destinations continued the huge increase in demand for vacation rentals this summer

Tim Bannister – Rightmove

Jeremy Leaf, North London real estate agent and former residential chairman of RICS, said: “As the commitment to commute has declined, so has the demand to live in coastal areas or in the countryside.

“Others enjoyed being by the sea so much that they turned temporary stays into more permanent ones.

“The result has been an increase in demand, which supply has struggled to match, especially recently during the holiday season. Other owners have taken refuge in the short-term rental market and Airbnb, which has also kept long-term rental inventory levels low.

“Although September and October have traditionally been the busiest months for rentals, the imbalance between demand and supply is expected to continue at least until the end of the year, when more adverse weather conditions are expected to dampen performance. demand as rents will inevitably go down. “

Properties for rent in “points of shortage” …

1. Three bedroom semi-detached house, Isle of Wight, £ 895 per calendar month

This three bedroom semi-detached house in Brading on the Isle of Wight is available to rent for £ 895

This three bedroom semi-detached house in Brading on the Isle of Wight is available to rent for £ 895

This property on the Isle of Wight is available to rent for £ 895 per month through Hose Rodes Dickson rental agents.

It is located in the town of Brading, in the east of the island, and close to the train station and major bus lines.

It is semi-detached, unfurnished and has three bedrooms. It is available for rent from October 18.

2. Three-bed semi-detached, North Devon, £ 975 pcm

This three bedroom semi-detached house in Fremington, North Devon is for rent for £ 975 per month

This three bedroom semi-detached house in Fremington, North Devon is for rent for £ 975 per month

This The North Devon house is in the village of Fremington, three miles west of Barnstaple.

It has three bedrooms, a driveway and a single garage. It is available for hire to non-smokers without pets.

It is hired for £ 975 per month by agents Phillips, Smith & Dunn. It is available for rent from September 20.

3. Studio, West Devon, £ 460 pcm

This basement studio is the only property in Tavistock available for rent on Rightmove

This basement studio is the only property in Tavistock available for rent on Rightmove

This studio in the basement at £ 460 per month is currently the only property available for rent on Rightmove for tenants looking for Tavistock in West Devon.

It is two minutes from Tavistock town center and includes a garden and off road parking. It is available through Mashroom rental agents.

4. Four-bed house, Northumberland, £ 1,500 pcm

This detached house in Northumberland has four bedrooms and is available to rent for £ 1,500 per month

This detached house in Northumberland has four bedrooms and is available to rent for £ 1,500 per month

This four bedroom unfurnished farmhouse is in the countryside near Gunnerton in Northumberland.

The independent property includes a large front garden, outbuildings and an enclosure of half a hectare. It is available to hire for £ 1,500 per month through Galbraith rental agents.

5. Three beds, Blackpool, £ 650 cfm

Tours to this Blackpool rental property are 'now fully booked', according to the listing on Rightmove

Tours to this Blackpool rental property are ‘now fully booked’, according to the listing on Rightmove

In the following day three bedroom property in Blackpool being advertised online, the listing indicated that the viewings “were now sold out.”

The rental is managed by Tiger rental agents and the semi-detached property is rented for £ 650 per month.

6. Three-bedroom detached house, Torridge, £ 925 pcm

This detached house in Torridge has three bedrooms and is for rent for £ 925 per month

This detached house in Torridge has three bedrooms and is for rent for £ 925 per month

This the three bedroom house is in Milton Damerel, in the Torridge local government district in North Devon.

It is available for rent through Kivells rental agents, starting September 20 and is unfurnished. It has been recently decorated and costs £ 925 per month.

7. Three bedroom semi-detached house, South Tyneside, £ 620 cfm

This family home in Hebburn has three bedrooms and is available to rent for £ 620 per month

This family home in Hebburn has three bedrooms and is available to rent for £ 620 per month

This semi-detached house is in the town of Hebburn, on the south bank of the River Tyne.

It is available immediately and is rented unfurnished through Reeds Rain rental agents. It has three bedrooms and an enclosed garden.

8. Three-bedroom detached house, Neath, £ 950 pcm

This award-winning rental house has three bedrooms and costs £ 950 per month

This award-winning rental house has three bedrooms and costs £ 950 per month

This detached chalet bungalow is in the village of Crynant, in Wales Neath.

The property won the LABC Cymru Award for Best New Detached House and the NPRCB Building Excellence Award for 2020.

It has three bedrooms and costs £ 950 per month to rent through Payton Jewell Caines rental agents. However, the online ad had set a deadline of September 15 at 5 p.m. for tenants to apply.

9. Three-bed cottage, Cornwall, £ 950 pcm

This Cornish cottage costs £ 950 per month to rent and is available furnished or unfurnished.

This Cornish cottage costs £ 950 per month to rent and is available furnished or unfurnished.

This cottage in St Just Cornwall includes a fireplace, three bedrooms and an enclosed garden.

It is available for hire for £ 950 pcm through Marshall’s rental agents, and is available either furnished or unfurnished.

10. Three bedroom semi-detached house, North Tyneside, £ 800

This family home is in the village of Shiremoor in Newcastle Upon Tyne and costs £ 800 per month to rent

This family home is in the village of Shiremoor in Newcastle Upon Tyne and costs £ 800 per month to rent

This Semi-detached family home is in the large village of Shiremoor in Newcastle-upon-Tyne.

It has three bedrooms and is available to rent through Your Move rental agents for £ 800 per month. It is available immediately and unfurnished.

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