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According to figures from Countrywide, smaller properties provide a better return than larger ones, with 1 and 2 bedrooms providing average yields of 6.8% and 6.4% respectively.
The Countrywide research has shown that 3 and 4+ bedroom properties are currently achieving an average yield of 6.2% and 5.6% respectively. The average rent for 4 bed properties was £1,398pcm in the first quarter of 2013 while for 1 bed properties it was £673pcm.
Although larger properties achieve greater rents, it is the smaller properties that have seen rents rise the most, with 1 and 1 bed properties seeing a 3.3% year-on-year increase in rents, 3 bed properties a rise of 2.3% and 4+ bedroom homes a rise of just 0.3%.
All sizes of properties have seen a fall in rental arrears in the first quarter of 2013, with the greatest fall (of 1.5%) in 3 bed properties and the smallest fall (0.4%) in 1 bed properties.
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