5^th Oct 2018

New research from an online Property Portal has found that landlords who rent out furnished properties, in spite of price variances across the UK, are generally able to charge more rent than their counterparts who rent out similar sized rental homes which are unfurnished.

The website's research claims that landlords who rent out furnished two bedroomed properties can achieve as much as 21% more per month in rent, than those renting the same sized unfurnished properties in the same area.

The research was taken from average monthly rents for two bedroomed flats in nine major UK cities, and it found the average differences between the monthly charge of furnished and unfurnished properties.

Sheffield came up with one of the highest price differentials as tenants were on average charged £726 monthly rent for a furnished flat and £598 for an unfurnished property, this equates to 21% higher for a fully fitted out 'home'.

For the other eight cities the differences in monthly rental income for furnished against compared to unfurnished were:

Cardiff was the lowest of 9% with a difference of +£50

London was also the same at 9% with a difference of +£128

Glasgow was 13% with a difference of +£86

Newcastle upon Tyne had a 14% difference = + £85

Coventry was 15% higher = +£102

Manchester was also 15% higher = +£101

Leeds was runners up with 19% higher = +£128

Helen Whiteley, commercial director of the property portal, said: “Ultimately this research suggests it’s worth calculating the cost of furniture to decide whether the initial financial outlay can be off-set over time during the rental period.

“Spread throughout a 12 month tenancy, these costs becomes around £150 per month meaning it is worth prospective tenants giving serious consideration to whether or not they are embarking on a long term let. That said, there are clear benefits and a level of convenience of walking into a ready-to-live-in property when weighed against the alternative of buying everything yourself.”


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