Rent Levels

You candownload a spreadsheet of our rent levels which contains detailed information on the rent levels and service charges for different types of properties.

This will give you a rough idea of the amount of rent you can expect to pay if you move in to a Villages property.

As a new tenant the Rent for your property is worked out by a Government formula. This formula uses the current national average rent for a property and also takes into account 3 other things:

1-The number of bedrooms in your home.

2-The average wage in the region of the country.

3-The value of your home.

70% of your rent is based on the number of bedrooms in your home and the average wage in our region, and the other 30% is based on the value of your home in 1999.

The Rent is increased each year by the inflation rate plus 0.5% for that year. The inflation rate used is the Retail Price Index (RPI) for the twelve months to September of the previous year.

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