Rent Calculator
Enter a postcode to check current rental prices in the local area.
Find out rental asking prices for different property types in a postcode area.
Checking Rental Asking Prices
You can use the rent calculator service to find rental asking prices in a given postcode area. This can be useful if you want to get a quick idea of how much rent you can get for your property.
Rental prices are shown for nearby properties where available and help to give an idea of the current market rental prices. Just enter a postcode and select a property to view live listings and asking prices for similar rental properties.
This feature is part our our paid service and requires a payment to access instant rental prices.
Renting your property
If you choose to rent your property, you have a number of responsibilities as a landlord.
You’ll be responsible some key things, including:
- Ensuring your property is safe
- Gas and electrical safety and maintenance
- Ensuring your property meets the minimum energy performance requirements
You’ll also need to put your tenants deposit into a protection scheme and check that they have a right to rent a property in the UK.
Energy Performance Requirements When Renting your property
To rent your property, it will need to have a minimum EPC rating of E as of 2023. This is likely to change in the future with a minimum rating of C potentially being required by 2028.
You can check the current EPC rating of your property using our free property check service.
Frequently Asked Questions
How do I use the rent calculator?
Enter a postcode and select the property from the list to view many details about the property for free.
As part of the paid full service, you can view asking prices for similar rental properties nearby.
How much rent should I charge?
A rental yield of around 5% is common, however this will vary a lot depending on the area of the country where the property is located.
To calculate this, you can multiply the current market value of the property by 0.05.
For example a property valued at 200,000 with a 5% yield would have an annual rent of £10,000 (£192 p/week). It’s important to note that these figures are only a guide and the actual rental yield will depend on the location and condition of the property.
Can I rent my property?
If you own a property then in most cases you’ll be able to rent this out.
If you are specifically looking for a buy to let property, then you’ll need to take out a suitable mortgage, however if this is your main residence then you’ll need to ask permission from your mortgage lender first.
Can I rent my spare room?
You can choose to rent a room or take in a lodger in most cases. It’s usually ok to do this even if you wouldn’t be able to rent out the whole property.
You can currently earn £7,500 per year tax free if you rent out a room in your home.
How much rent can I afford?
If you’re looking to rent a home privately, most people can expect to pay at least 30% of their income on rent. For example, a household income of £2,000 per month would typically want to spend no more than £900 per month on rent, however this will vary depending on your location and personal circumstances.