Peterborough Rental Property – December 2020

The rental market in Peterborough is a vibrant one, and there are many great options for people looking for an affordable place to rent in a fantastic City close to London.

At the start of December 2020, Rightmove had a total of 301 properties listed for rent in Peterborough.

Snapshot of the Peterborough rental market at end of year

The highest priced rental property was listed at £1,900 per calendar month (pcm) for a five-bedroom property. The next highest rental property was listed as £1,850 pcm, for a four-bedroom property in Orton Wistow.

Of the 301 listed rental properties in Peterborough, only 25 are listed as a detached property and only 18 semi-detached properties are listed for let in the area.

Flats are the most common property for rent in Peterborough

There are 25 terraced properties listed for rent in and around Peterborough according to Rightmove at the start of December.

Therefore, it shouldn’t be a surprise that the most popular form of property available for rent in Peterborough is flats. There are 114 flats listed for rent, making this the most popular form of rental property in the area. There are four bungalows listed for rent at this time.

Breakdown of furnished types of property for rent in and around Peterborough:

  • 115 properties are listed as furnished in the Peterborough rental market
  • 114 properties are listed as part-furnished in the Peterborough rental market
  • 159 properties are listed as unfurnished in the Peterborough rental market

103 rental properties listed in Peterborough are classed as house-share rentals.

Garden space and parking spots are in high demand

The recent Zoopla rental search terms list, which placed gardens as the most popular search of the year, is a reminder of what people are looking for in a new rental property. With parking and garages also featuring in the top three, these are clearly crucial components tenants are looking for when they snap up a new home.

Of the 301 listed rental properties in Peterborough, 171 have been listed has having a garden. When you consider the abundance of flats for rent in the local area, this is a strong return. Also, there are many green and spacious areas within easy reach of most properties in this region.

If you are looking for property with a dedicated parking space, there are 248 listings with parking for rental property in Peterborough. A total of 150 properties for rent in Peterborough are listed as offering a garden and parking space.

If you are a landlord in or around Peterborough, and you need assistance in managing your rental property, we can help. We know these are challenging times for landlords, but there is a demand for rental property. When you need guidance in the local market, contact Just Lets Peterborough today, and we will be happy to help you.

You can find Just Lets Peterborough at 142 Oundle Road, Peterborough, Cambridgeshire, PE2 9PJ. Feel free to email us at peterborough@justlets.com or call us today on 01733 346255.