1. What is the On The Market Rental Calculator?

The On The Market Rental Calculator estimates rental prices using comparable properties currently listed on OnTheMarket's UK database, adjusted for key property features.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Comparable Rents — Average of similar properties in the area (GBP)
• Bedrooms — Each bedroom adds approximately 15% to the base rent
• Property Type — Houses typically rent for 10% more than flats
• Location — London properties command approximately 30% premium

Explanation: The equation accounts for market averages and adjusts for property-specific features that affect rental value.

3. Importance of Rental Estimates

Details: Accurate rental estimates help landlords price competitively, tenants assess fair market value, and agents provide informed advice.

4. Using the Calculator

Tips: Enter comparable rents in GBP, number of bedrooms, select property type and location. For best results, use average of 3-5 comparable properties.

5. Frequently Asked Questions (FAQ)

Q1: How current is the OnTheMarket data?
A: The calculator uses properties currently listed on the market, providing real-time estimates.

Q2: What other factors affect rental prices?
A: Condition, amenities, transport links, local schools, and market demand all influence final rental prices.

Q3: How accurate is this estimate?
A: The estimate provides a market baseline but actual rental prices may vary based on specific property features and negotiation.

Q4: Should I use this for commercial properties?
A: No, this calculator is designed for residential properties only.

Q5: How often should I re-calculate?
A: Rental markets change frequently - recalculate every 3-6 months or when comparable properties change significantly.