According to recent available data, the average monthly private rent in Hastings is around £1,000. This is more affordable than the average UK rent, which currently sits just above £1,300.
Local figures also show that rents in Hastings have risen strongly since 2020, with one-bed and family-sized homes seeing some of the fastest increases as demand has outstripped the supply of good-quality rental stock. This combination of solid long-term growth and rents that still sit below the UK average helps to support attractive yield prospects for buy-to-let investors targeting the town.
Hastings’s popularity has certainly risen post-pandemic, as renters are looking for areas with natural beauty, such as seaside towns. This has added extra strain on the rental property market’s supply-demand imbalance and pushed rent further upwards. This doesn’t look set to change any time soon, so rents are expected to keep rising in this area.
Despite climbing rents, average rental yields in Hastings remain relatively low due to the high cost of acquiring Hastings property.
In terms of rental demand, Hastings enjoys some popularity with commuters to London, as it’s possible to travel by train in under 90 minutes. Considering the high prices of buy-to-let properties in London, this could prove to be a solid alternative for those seeking the area’s demographic at a slightly more affordable price. There’s also a demand for short lets and holiday accommodation in the area for tourists and visitors.
According to a recent survey, Hastings was one of the country’s best places to raise a family, suggesting it is a popular place for family homes.
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