It has been revealed there is a strong demand for town centre property rentals underpinned by larger family homes in surrounding villages within South Buckinghamshire, agents have said.

According to research from Savills, the average monthly rent in Beaconsfield and Amersham increased by 6.5 per cent in 2023.

This is expected to rise by a further 20.4 per cent over the five years, whilst the increase is higher than the average for the UK, with a rise of 18.1 per cent forecast by 2028.

Daniel Spratley, who leads the residential lettings team at Savills in Beaconsfield and Amersham, said the increases had been fuelled by strong demand and a continued lack of supply.

He said: “Demand for town centre properties is always strong and that continued throughout 2023.

“In the early part of the year, there was also very strong interest in larger family homes in surrounding villages such as Chalfont St Giles, Chalfont St Peter, Penn, Seer Green, Hedgerley and Farnham Common, with lots of outdoor space and an office to work from home.”

“The lifestyle on offer in both Beaconsfield and Amersham continues to attract people who want to relocate from the city.

“The rail and tube links into London make it very easy for people who have returned to the office or need to commute two or three days a week.

“However, we have also seen a lot of people who have sold locally and have decided to sit tight and wait for the right type of property to become available.”

So, with that being said, where are the cheapest places to rent a property in Amersham?

According to at the time of writing, they are the following:

  1. High Street (apartment): £1,150 per month (HP7)
  2. Lexham Gardens (house): £1,400 per month (HP6)
  3. Governors Close (house): £1,600 per month (HP6)
  4. Grove Road (house): £1,650 per month (HP6)
  5. Woodley Court (apartment): £1,675 per month (HP6)

Looking ahead to this year, Daniel said price growth would likely continue – although perhaps not quite at the same level as 2023 as more rental properties were available.

He continued: “It’s very difficult to say how much prices will increase because there will be a lot of variation depending on the area and the property type.

“However over the long term, our researchers expect rents to increase by 20.4 per cent in the local area by 2028.”

“They are also very mindful of what they are spending, so any increase in monthly rents will be reflective of that.

“Interest is likely to be highest for two-and-three-bedroom townhouses or cottages, while apartments are also seeing something of a resurgence.

“There’s a definite feeling that people want to be close to a town centre and all its amenities.”