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Aylesbury Vale has 'lowest rents' in Bucks

But there is a warning about affordability from housing charity Shelter.

Published by Dan Gooding at 5:41am 28th January 2020. 3-minute read.

Aylesbury Vale has 'lowest rents' in Bucks

Average rents for properties in Aylesbury Vale are the lowest in Buckinghamshire, figures reveal.

But as new analysis reveals the increase in rental prices across England is outstripping wage rises, leading charities have called for urgent investment in affordable social housing.

The median monthly rent for a property in Aylesbury Vale was £850 in 2018-19, according to the latest figures from the Office for National Statistics.

That was the cheapest among the four council areas in Buckinghamshire, where average prices were £950 a month.

The median is a measure used to exclude extreme values which could skew the average.

Housing charity Shelter says "decades of failure" to build social homes has left many in financial hardship, with spiraling rental costs far outstripping the growth in wages.

Chief executive Polly Neate said:

"Despite working all the hours they can, millions of people are struggling to keep up with the sky-high cost of private rents.

"Recent efforts to improve renters’ rights by banning costly letting fees and committing to abolish ‘no-fault’ evictions are very welcome, but private renting is not always the right place for struggling families to live.

"Ultimately, the only way to solve the housing emergency is for the Government to commit to building at least 90,000 genuinely affordable social homes a year over the course of this parliament."

A struggle for many

In Aylesbury Vale, average rents have risen twice as fast as local wages.

Earnings figures, also from the ONS, show local residents earned an average of £2,232 per month before tax in 2019 – an increase of 14% compared to 2011.

But the average rent rose by 31% over the same period, climbing from £ 650 in 2010-11, the earliest year with comparable data.

Across England, rents have risen by 22%, compared to a wage bump of 17%.

The situation is much worse for women than for men.

With the average one-bedroom flat in Aylesbury Vale costing £695 in 2018-19, the typical woman would have to fork out 40% of her pre-tax earnings to live alone, compared to 26% for the average man.

Across England, women on average would have to pay 38% of their salary to live alone, compared to 24% for men.

Shelter defines housing as unaffordable if it takes up more than 30% of a household's income.

The biggest rent increase in Aylesbury Vale, where data is available, has been for three-bedroom homes, followed by one-beds.

Average rents in Aylesbury Vale:

  • Single room: no data available
  • Studio: £525 in 2018-19, up 31% from £400 in 2011
  • One-bedroom: £695 in 2018-19, up 32% from £525
  • Two-bedroom: £850 in 2018-19, up 31% from £650
  • Three-bedroom: £1,100 in 2018-19, up 38% from £800
  • Four or more bedrooms: £1,500 in 2018-19, up 11% from £1,350
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