Tenants in Buckinghamshire fork out for the highest rents in the country - even more than those living in London’s prime SW7 postcode.

Software firm Cohab crunched PropertyData’s numbers to discover that the county’s HP9 postcode commands the highest monthly rents of £5,920, more than the £5,438 paid in SW7. Tenants in this area of Buckinghamshire pay almost three times more than the wider average in the South East (£1,562) and 358% more than the British average (£1,291).

London has the second biggest rental price gap, where it costs 149% more to rent in SW7 compared to Greater London (£2,176) as a whole.

Regional differences

At £2,834, Cornwall’s TR11 postcode is the most expensive in the South West, says Cohab, commanding a premium of 124% versus the wider regional average. However, while the M14 postcode of Manchester - the most expensive in the North West - may boast a lower average monthly rent at £2,280 per month, it commands a higher premium of 126% when compared to the average monthly rent for the wider North West.

In Wales, the Swansea postcode of SA2 is home to the most expensive average rent in the region of £1,510. Although this is considerably higher than the wider average for Wales (£935), it’s the smallest premium of all areas of Britain at 61%.

Founder and CEO of Cohab, Saveli Kotz, says: “The research underlines that wherever renters are based there’s likely to be a property available to rent at their price point if they’re willing to travel. If tenants are priced out of one area it’s worth checking a neighbouring region, where there may be a better supply of affordable rental properties to measure up with demand.”

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