DPS rental league tables – postcode lottery revealed

Based on an analysis of deposit values, which can be taken as a strong indicator of rental values, The DPS found that:

– The average deposit value in England fell £4 from £768 to £764 over the past six months
– London remains the most expensive county in England with an average deposit value of £1,214 – down £1 in six months
– Lancashire was the cheapest county in England to rent property in, with an average deposit value of £441 – up from £438 in the past six months

A full breakdown of total deposit values by county across England, with a comparable table from December 2008, is below.

Kevin Firth, Director of The Deposit Protection Service, said: “Despite a fluctuating market, rental values across England have largely held their value over the past six months.

“The DPS figures also underline the post code lottery of renting in the UK – it is almost three times as expensive to rent in London as it is in Lancashire.

“What is the same for all rentals, wherever they are in the country, is that since the introduction of tenancy deposit legislation, all landlords must keep their tenants’ deposits safe in an authorised scheme such as the one provided by The Deposit Protection Service.”

Average Deposit Values via Landlords and Agents in England By County – May 2009

London £1,214
Surrey £1,148
Berkshire £983
Hertfordshire £979
Buckinghamshire £966
West Sussex £953
Rutland £899
Oxfordshire £889
Hampshire £800
Dorset £794
Cambridgeshire £775
Essex £774
East Sussex £773
Kent £765
Warwickshire £744
Suffolk £737
Somerset £735
Wiltshire £732
Gloucestershire £714
Bedfordshire £708
Herefordshire £672
Northamptonshire £647
Worcestershire £629
Cornwall £625
West Midlands £623
Cheshire £616
Norfolk £613
Shropshire £608
North Yorkshire £604
Greater Manchester £589
Isle of Wight £586
West Yorkshire £576
Devon £572
Derbyshire £567
Leicestershire £561
Tyne and Wear £561
Lincolnshire £557
Nottinghamshire £531
Staffordshire £525
Northumberland £508
South Yorkshire £505
Merseyside £504
Humberside £485
Durham £484
Cumbria £481
Lancashire £441

Average Deposit Values via Landlords and Agents in England By County – December 2008

London £1,215
Surrey £1,140
Berkshire £988
Hertfordshire £983
West Sussex £969
Buckinghamshire £966
Rutland £939
Oxfordshire £895
Hampshire £798
Dorset £795
Cambridgeshire £778
Essex £774
East Sussex £772
Kent £764
Warwickshire £749
Somerset £739
Suffolk £737
Wiltshire £736
Gloucestershire £723
Bedfordshire £704
Herefordshire £673
Northamptonshire £650
Worcestershire £628
Cornwall £625
Norfolk £622
West Midlands £621
Cheshire £614
North Yorkshire £613
Shropshire £611
Greater Manchester £591
Isle of Wight £584
West Yorkshire £579
Devon £571
Lincolnshire £567
Derbyshire £566
Tyne and Wear £564
Leicestershire £556
Nottinghamshire £531
Staffordshire £526
South Yorkshire £511
Northumberland £510
Merseyside £500
Humberside £485
Cumbria £480
Durham £478
Lancashire £438

Have your say on this story using the comment section below.

One thought on “DPS rental league tables – postcode lottery revealed

  1. dsb

    There is no ‘postcode lottery’ or any lottery here – areas of higher economic activity result in higher rental prices and tenants in (say) London are prepared to pay more than in (say) Lancashire. I am not sure why the DPS thinks its figures are contributing any knowledge we don’t already possess about the market. Is is a quango looking for a role?

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