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Poll: Average cost of rent in King's Lynn and West Norfolk revealed



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Paying monthly rent for a one-bed property in King's Lynn and West Norfolk is the equivalent of 30 per cent of income for 22-29-year-olds.

New data research by the BBC shows the average monthly rent for a one-bed property in the area is £525.

This is lower than the monthly average for the East as a whole which is £650, 37 per cent of income for 22-29-year-olds.

Figures from the BBC also show that the cost of buying property in King's Lynn and West Norfolk has increased by 3.74 per cent over the last 12 months.

The cost of property for a one-bedroom house in the borough ranges from a low of £90,000 to a high of £123,000, the data shows.

For a two-bedroom property it ranges from £139,500 to £197,250, while a three-bedroom property costs between £174,249 and £245,000.

The cost of living continues to increase according to new BBC data
The cost of living continues to increase according to new BBC data

Property with four bedrooms is valued between £245,000 and £387,125 according to the BBC.

Monthly rent payments for a two-bedroom property is calculated as costing between £558 and £655.

A three-bedroom property would require monthly payments between £681 and £806 in the area, while a four-bedroom house ranges from £971 to £1,357 a month.

The BBC report states that the rising cost of rent means young people are less likely to move to cities where average salaries are higher.



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