New figures show how much it will cost to rent every type of house in Swindon after rent rose over the past year.

It comes as Propertymark, which represents estate agents, said selling property or turning to the short-term letting market is becoming a "more attractive" option for landlords.

Provisional figures from the Office for National Statistics show the average private rent in Swindon reached £1,001 per month in the year to October – up nine per cent from £922 a year prior.

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It was also up 29 per cent from an estimated £776 a month five years ago.

Valuation Office Agency rent officers collect prices from a variety of sources, including landlords and letting agents, with the aim of collecting data on approximately 10 per cent of the market.

The figures show the different costs for various homes in Swindon, from £743 for a one-bed property to £1,536 for a home with four or more bedrooms in October.

Among the property types in the area:

  • A detached housed cost £1,395 to rent per month
  • A semi-detached cost £1,072 per month
  • A terraced house was £973 per month
  • And a flat or maisonette was £827 a month

Across the south west, the average rent was £1,145 – rising six per cent from the year before.

Bristol had the highest rental cost in the region at £1,741 per month, while the lowest was in Torridge at £745.

Sarah Coles, head of personal finance at Hargreaves Lansdown, said: "Getting good news about your rent is about as common as discovering your housemates have washed up for you, or your landlord suggesting you get a dog.

"It means for many, the only way out of the endless cycle of rising costs is to buy, but this is far easier said than done when rents absorb so much of your income."

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In October, the average private rent in Great Britain was £1,307 per month. This was £105, or nine per cent, higher than 12 months ago.

Nathan Emerson, chief executive at Propertymark, said: "As we continue to see a further increase in rental prices across the UK, our members continue to emphasise key concerns regarding the ongoing trend of lack of rental stock versus an ever-growing number of tenants looking for homes.

"Selling up altogether or turning to the short-term letting market is becoming a more attractive option for landlords due to the challenging legislative changes and increased financial liabilities they face."

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