Furnished v Unfurnished Property Central Housing Group

Furnished v Unfurnished Property

Furnished v Unfurnished Property: A two bedroom furnished flat can cost up to 21 per cent more to rent than a comparable property that’s unfurnished.

Research from OnTheMarket has based the cost of furnishing a two-bed property on buying a sofa, coffee table, bookcase, TV, table and chairs, two double bed frames, two mattresses, a desk and an office chair from IKEA and Curry’s. The total is £1,800.

According to the portal’s results, renting a two-bedroom Furnished v Unfurnished Property in the city of Sheffield costs tenants an average of £726 compared to £598 for a property of the same size – a 21 per cent increase in price.

In Newcastle upon Tyne the difference is £85 more – a 14 per cent difference; Birmingham (£127 more – a 20 per cent difference); Sheffield (£128 more – a 21 per cent difference); Manchester (£101 more – a 15 per cent difference); London (£128 more – a nine per cent difference); Leeds (£128 more – a 19 per cent difference); Glasgow (£86 more – 13 per cent more); Coventry (£102 more – 15 per cent more); and Cardiff (£50 – seven per cent).

“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” says Helen Whiteley, commercial director at OnTheMarket.

“Spread throughout a 12 month tenancy, these costs become 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.”

Blog Post from Letting Agent Today

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages



Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48