The SpareRoom Rental Index
As from today we’re making the SpareRoom.co.uk Rental Index available to download free of charge for our registered users – previously the index has only been made available to journalists.
Whether you have a large portfolio of properties or just need to know how much to charge for your spare room, the index is a valuable set of info on room prices across the UK.
There are 2 Indexes for you to view and download (free of charge – you’ll just need to log in or create a free account if you’re not an existing user). The first is a snapshot of the UK listed by post town and the second goes into more detail, both in terms of geographical location and data.
*What does the index cover?
The index covers average rents for a room in the area listed (either post town or postcode). This is the average (mean) rent for a double room including bills.
Note – The figures in the index are averages across the previous 3 month period (ie. September’s index contains averages for June-August).
Other information covered includes:
- Quarterly change – The % change in rent over the past 3 months
- Demand index – Takes the average number of views per advert in each area and gives higher ratings to areas with the highest number of views per advert. A good indication of how much demand there is for rooms in an area – the longer the bar the higher the demand
- Median rent – This is the typical rent you’ll see in the area, worked out by taking the exact middle point of the range of adverts in that postcode (in contrast to the mean weekly rent which takes the total amount of rent charged in the area and divides by the number of rooms). This is displayed according to whether the room in question was priced per week or per month (see below)
- Median pw/pcm – Useful in busier areas as it gives an indication of whether rooms are likely to be advertised by the week or month in that area
- Min/max pw – The lowest and highest rents charged in the area over the past 3 months