Derry / Londonderry rental market report
A data-led look at the Derry / Londonderry rental market — rents, yields, demand and the trends shaping Londonderry.
Derry / Londonderry at a glance
The Derry / Londonderry rental market in Londonderry is active and competitive, with average rents around £1,699 pcm and rents up roughly 5.7% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across BT47, BT48.
Average rent
£1,699 pcm
Average price
£552,000
Gross yield
5.4%
Rent growth (1yr)
+5.7%
Tenant demand
Moderate
Avg. void period
19 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £695 | £8,340 |
| 1-bed flat | £1,324 | £15,888 |
| 2-bed flat | £1,655 | £19,860 |
| 3-bed house | £2,118 | £25,416 |
| 4-bed house | £2,731 | £32,772 |
Demand insights
Tenant demand in Derry / Londonderry is currently moderate. Well-presented, compliant homes typically let within 19 days, and verified tenants on DR Rent are matched to suitable Derry / Londonderry properties as soon as they list.
Market trends
- Rents in Derry / Londonderry are up around 5.7% year on year.
- Average property prices have changed by about 2.3% over 12 months.
- Moderate demand is keeping average void periods near 19 days.
- Compliance standards under the Renters' Rights Act are reshaping the Londonderry market.
Related guides
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