The Private Rented Market in Flintshire an Evidence Base
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The Private Rented Market in Flintshire An evidence base June 2013 Main contact: Helen Brzozowski 4 arc Ltd Mob: 07721 011 276 email: [email protected] web: www.arc4.co.uk ©2013 Arc4 Limited (Company No. 06205180) Table of Contents 1. Introduction ....................................................................................................................................................................................................................................................................................................... 6 2. The Evidence Base............................................................................................................................................................................................................................................................................................ 7 The size of the sector .......................................................................................................................................................................................................................................................................................... 7 The growth in the sector ...................................................................................................................................................................................................................................................................................... 9 New properties coming onto the market ............................................................................................................................................................................................................................................................ 12 Property type and bed size ................................................................................................................................................................................................................................................................................ 16 Rent levels ........................................................................................................................................................................................................................................................................................................ 18 Affordability ....................................................................................................................................................................................................................................................................................................... 23 Properties let ..................................................................................................................................................................................................................................................................................................... 26 Rent differentials ............................................................................................................................................................................................................................................................................................... 27 Time to let property............................................................................................................................................................................................................................................................................................ 28 Rental yields...................................................................................................................................................................................................................................................................................................... 31 3. In summary and conclusion ........................................................................................................................................................................................................................................................................... 32 Total stock......................................................................................................................................................................................................................................................................................................... 32 Properties on the market ................................................................................................................................................................................................................................................................................... 32 Rent levels ........................................................................................................................................................................................................................................................................................................ 32 Affordability ....................................................................................................................................................................................................................................................................................................... 33 Properties let ..................................................................................................................................................................................................................................................................................................... 33 Time to let a property......................................................................................................................................................................................................................................................................................... 33 Rental yields...................................................................................................................................................................................................................................................................................................... 34 List of Tables Table 1: Private Rented Sector by Ward................................................................................................................................................................................................................................................................ 7 Table 2: Growth in PRS 2001-11 by ward.............................................................................................................................................................................................................................................................. 9 Table 3: Average Property Price by Ward............................................................................................................................................................................................................................................................ 11 Table 4: Number of Properties coming to Market 2009-12................................................................................................................................................................................................................................... 12 Table 5: Number of properties coming to market as percentage of PRS.............................................................................................................................................................................................................. 14 Table 6: Size of property on market 2009-12 ....................................................................................................................................................................................................................................................... 16 Table 7: Number of properties coming to market 2009-12 by property size ......................................................................................................................................................................................................... 16 Table 8: The percentage of properties coming onto the market by bed size 2009-2012....................................................................................................................................................................................... 17 Table 9: Average rent levels ................................................................................................................................................................................................................................................................................ 19 Table 10: Rent levels by property type in wards..................................................................................................................................................................................................................................................... 22 Table 11: Affordability by property type.................................................................................................................................................................................................................................................................