Home » World News » We live in town with cheapest rent in UK – mouldy homes are on brink of collapse… others are turned into drug factories | The Sun
We live in town with cheapest rent in UK – mouldy homes are on brink of collapse… others are turned into drug factories | The Sun
AT the corner of two rubbish-strewn streets, which are dotted with boarded-up houses, sits a two-bedroom apartment which is currently on sale for just £1,000.
Locals will tell you it's overpriced.
This is Hartlepool, the North East town which has been confirmed as Britain's bargain basement rental capital.
According to new figures from estate agency Zoopla, the average monthly rent being paid by tenants in the town is just £496, placing it just ahead of Burnley, Lancs, at £504 and East Ayrshire in Scotland at £512.
This is in comparison to London where the average rent is reckoned to be £26,316 a year, or £2,193 a month.
To those squeezed renters in the capital abandoning hope of ever saving money for their own property, Hartlepool's rental market must seem like the stuff of dreams.
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But in the County Durham town, where unemployment is around 8 per cent compared to a national average of 3.7 per cent, tenants say that couldn't be further from the truth.
The low rental rates have brought people from major cities such as London, Birmingham and Manchester in droves, according to locals.
They hope to start a new life with the rent they can afford after being priced out of their more fashionable hometowns.
But after a few months in Hartlepool, many are ready to pack up and leave.
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