Yahoo Finance Britain's biggest rents: Would you pay £65,000 a week just to rent a home?
Paying the rent every month is a big financial burden for many families across Britain.
The English housing crisis has pushed rents higher in recent years, and stagnant incomes have only made it harder to keep up. The average rent in the UK this May was £934 per calendar month, according to the HomeLet Rental Index.
For most people, that’s a lot of money. But to the wealthiest renters in Britain, that’s just a fraction of what they pay each month.
Some people are willing and able to pay mega rents of tens of thousands of pounds each month. This small market is mostly high-net worth individuals who need short-term places to stay for work or business, or as uber-luxe student digs for their children who are at university.
These properties would cost tens of millions of pounds to buy. So, even at the eye-watering rents advertised, they’re saving on the option of purchasing.
It will come as no surprise that the most expensive homes to rent are in London, where property prices are significantly higher than elsewhere in the country. Central London is also a billionaire’s playground popular with the wealthiest families from all over the world.
Here are some of the most expensive rental properties on the market right now:
Frognal, a Hampstead mansion, is on the lettings market. The 6,070 square foot property has eight bedrooms, nine bathrooms, a bar, three reception rooms, an outdoor swimming pool, and a private driveway.
It also comes with a guest annex with two bedrooms and a studio flat. This glorious north London family home is available to rent for £35,000.
READ MORE: The most expensive properties for sale right now in London
This large 13,000 square foot family home is a characterful, period Kensington villa. The living areas are open, light, and spacious.
There is an indoor swimming pool that looks out on the garden, a lift to all floors, luxurious interior design throughout, private off street parking, and a separate three-bedroom guest house for visitors. If you want to join the infamous Sloane Rangers of Kensington, you can — for £35,000 a week.
Knightsbridge: £40,000 per week
This exquisite recently refurbished 10,001 square foot penthouse in Knightsbridge overlooks Hyde Park from its terraces, of which there are six.
The apartment has seven bedrooms, six bathrooms, a jacuzzi, cinema room, gym, treatment room, and 24-hour concierge. You can move in now for a rent of £40,000 per week.
Knightsbridge: £40,000 per week
Sitting within the Candy brothers’ development at One Hyde Park — dubbed the most expensive block of flats in the world — is this five-bedroom, five-bathroom apartment that spans 9,125 square feet, taking up the entire seventh floor of the building.
That means it has views of both Knighstbridge and Hyde Park. The development benefits from services managed by the neighbouring Mandarin Oriental Hotel, including a pool, gym, squash court, treatment rooms, and an entertainment suite. The rent on this property comes in at £40,000 a week.
READ MORE: World's top penthouses: Dream cloud-kissing apartments for sale
Close to both Oxford Street and Knightsbridge, this 4,822 square foot penthouse on Park Lane overlooks Hyde Park. It has five bedrooms, five bathrooms, and sits within the ultra-exclusive Grosvenor House Apartments development.
Residents benefit from a private gym, 24-hour room service, daily housekeeping services, and “state of the art home automation technology.”
“From organising a dinner party, to setting up your home office and stocking your home with the finest groceries, we make everything completely effortless from the moment you arrive,” according to the advert.
The rent is £65,000 per week, which works out to £780,000 a year.
