According to housesforsaletorent.co.uk, the average monthly rent for a property in High Wycombe is £1,832 PCM. HomeLet Rental Index states that the average UK rent is £1,268 PCM, with the average London rent now standing at £2,127. This makes High Wycombe a pricey area compared to the UK but cheaper than London overall.
The chronic supply-demand imbalance observed in the private rental sector in recent years continues to apply upward pressure on rents nationwide. Wycombe has also experienced rapid rental growth, and according to the BBC, the monthly rent has increased by 9.6% in the past year (January figures). Increases look set to continue as the undersupply of rental properties remains an issue.
High Wycombe has gained a reputation as a commuter town for London workers thanks to the short journey into the capital and the attractive property offered at a more affordable price point. The area also has appeal as a scenic place to live, as it is located in the valley of the River Wye and surrounded by the Chiltern Hills.
High Wycombe’s charms have drawn more people to the area, and its population has increased by 18% over the last decade, according to Buckinghamshire Council.
The main campus of the Buckinghamshire New University is also located in High Wycombe, so there’s a chance to target student tenants in the area. The university is mid-sized, with a student population of nearly 15,000.