How many bog rolls do you need to buy or rent in the UK property market?
It’s June 2020, confidence in the UK property market remains as buyers, sellers, tenants and landlords all continue to transact via online platforms. Working from home is now the norm, however, the only currency being accepted is loo rolls.
Luckily, GetAgent.co.uk has translated previous property prices based on archaic pounds and pence into the new world currency so whether you’re buying or renting, you can stockpile your bog roll until such a time you can climb the ladder or secure your rental home.
Buying
With the average toilet roll costing 48p, homebuyers require 485,004 rolls of soft quilted goodness to afford the average UK house, however, to place a ten per cent deposit requires just 48,500.
In London, however, homebuyers require a staggering 999,839 loo rolls to buy outright or 99,984 to place a 10% mortgage deposit.
This cost is, of course, at its highest in Kensington and Chelsea where only premium brand loo roll is accepted and prospective buyers need to fork out over 2.6m of them to buy upfront, or 267,543 if they want to place a deposit.
The best value bog roll buy is in Burnley with just 18,961 required to place a deposit on a home.
Renting
Across the UK, the average monthly rent of £686 per month now means tenants require 1,417 rolls of toilet paper in order to secure a rental property. This climbs to 3,506 rolls in London – a huge 6,308 rolls a month in Kensington and Chelsea.
The North East is the most affordable region with 1,101 rolls required per month while Blaenau Gwent the most affordable area, with tenants requiring 849 rolls per month in rent.
Founder and CEO of GetAgent.co.uk, Colby Short, commented:
“Thankfully, the Government has introduced measures to ensure that everyone living across the UK property market is protected financially for the short to mid-term at least, whether they be tenants, landlords or homeowners. This will certainly come as a relief to many and should prevent the market from slipping into a dystopian future where only loo roll holds any value when transacting.
However, for those members of society that felt it necessary to stockpile half of their town or city’s loo roll with no regard for their neighbours, we thought we would highlight how much they would need to buy or rent a property. Hopefully, they’re sitting in front of their 40 rolls feeling a bit silly right now and will refrain from repeating the act.”
|
Number of toilet rolls vs house price and rent – Nations and regions
|
|||||
|
Location
|
Average house price
|
Average monthly rent (2019)
|
Loo rolls needed to buy outright
|
Loo rolls needed for 10% deposit
|
Loo rolls needed for a month’s rent
|
|
England
|
£251,711
|
£852
|
520,065
|
52,006
|
1,760
|
|
Wales
|
£165,735
|
£515
|
342,428
|
34,243
|
1,064
|
|
Scotland
|
£151,603
|
£748
|
313,230
|
31,323
|
1,546
|
|
Northern Ireland
|
£140,190
|
£627
|
289,649
|
28,965
|
1,295
|
|
United Kingdom
|
£234,742
|
£686
|
485,004
|
48,500
|
1,417
|
|
East Midlands
|
£197,048
|
£628
|
407,124
|
40,712
|
1,298
|
|
East of England
|
£297,714
|
£869
|
615,112
|
61,511
|
1,795
|
|
London
|
£483,922
|
£1,697
|
999,839
|
99,984
|
3,506
|
|
North East
|
£130,977
|
£533
|
270,613
|
27,061
|
1,101
|
|
North West
|
£166,003
|
£621
|
342,981
|
34,298
|
1,283
|
|
South East
|
£325,050
|
£998
|
671,590
|
67,159
|
2,062
|
|
South West
|
£262,286
|
£816
|
541,912
|
54,191
|
1,686
|
|
West Midlands
|
£201,343
|
£662
|
415,997
|
41,600
|
1,368
|
|
Yorkshire and The Humber
|
£168,382
|
£617
|
347,896
|
34,790
|
1,275
|
|
Ranking – by most toilet rolls to buy
|
|||||
|
Location
|
Average house price
|
Loo rolls needed to buy outright
|
Loo rolls needed for 10% deposit
|
||
|
Kensington And Chelsea
|
£1,294,907
|
2,675,428
|
267,543
|
||
|
City of Westminster
|
£984,511
|
2,034,113
|
203,411
|
||
|
Camden
|
£779,779
|
1,611,113
|
161,111
|
||
|
City of London
|
£738,263
|
1,525,337
|
152,534
|
||
|
Hammersmith and Fulham
|
£699,566
|
1,445,385
|
144,539
|
||
|
Richmond upon Thames
|
£647,672
|
1,338,165
|
133,816
|
||
|
Islington
|
£629,529
|
1,300,680
|
130,068
|
||
|
South Bucks
|
£613,401
|
1,267,358
|
126,736
|
||
|
Wandsworth
|
£603,883
|
1,247,692
|
124,769
|
||
|
Elmbridge
|
£596,320
|
1,232,067
|
123,207
|
||
|
Haringey
|
£562,296
|
1,161,769
|
116,177
|
||
|
Hackney
|
£556,223
|
1,149,222
|
114,922
|
||
|
Chiltern
|
£543,338
|
1,122,599
|
112,260
|
||
|
St Albans
|
£527,035
|
1,088,916
|
108,892
|
||
|
Lambeth
|
£519,275
|
1,072,882
|
107,288
|
||
|
Ranking – by least toilet rolls to buy
|
|||||
|
Location
|
Average house price
|
Loo rolls needed to buy outright
|
Loo rolls needed for 10% deposit
|
||
|
Burnley
|
£91,773
|
189,615
|
18,961
|
||
|
East Ayrshire
|
£94,249
|
194,729
|
19,473
|
||
|
Hyndburn
|
£101,050
|
208,781
|
20,878
|
||
|
Blaenau Gwent
|
£101,642
|
210,005
|
21,000
|
||
|
Inverclyde
|
£102,979
|
212,767
|
21,277
|
||
|
County Durham
|
£103,668
|
214,190
|
21,419
|
||
|
North Ayrshire
|
£104,211
|
215,311
|
21,531
|
||
|
Pendle
|
£106,002
|
219,012
|
21,901
|
||
|
West Dunbartonshire
|
£107,029
|
221,134
|
22,113
|
||
|
Blackpool
|
£108,185
|
223,522
|
22,352
|
||
|
North Lanarkshire
|
£111,559
|
230,493
|
23,049
|
||
|
Middlesbrough
|
£112,257
|
231,936
|
23,194
|
||
|
Hartlepool
|
£112,409
|
232,250
|
23,225
|
||
|
City of Kingston upon Hull
|
£112,904
|
233,272
|
23,327
|
||
|
Stoke-on-Trent
|
£114,301
|
236,158
|
23,616
|
||
|
Ranking – by most toilet rolls to rent
|
|||||
|
Location
|
Average monthly rent
|
Loo rolls needed for a month’s rent
|
|||
|
Kensington And Chelsea
|
£3,053
|
6,308
|
|||
|
City of Westminster
|
£3,018
|
6,236
|
|||
|
Camden
|
£2,536
|
5,240
|
|||
|
City of London
|
£2,446
|
5,054
|
|||
|
Hammersmith and Fulham
|
£2,117
|
4,374
|
|||
|
Islington
|
£1,914
|
3,955
|
|||
|
Wandsworth
|
£1,883
|
3,890
|
|||
|
Richmond upon Thames
|
£1,857
|
3,837
|
|||
|
Hackney
|
£1,834
|
3,789
|
|||
|
Tower Hamlets
|
£1,803
|
3,725
|
|||
|
Elmbridge
|
£1,784
|
3,686
|
|||
|
Lambeth
|
£1,754
|
3,624
|
|||
|
Southwark
|
£1,654
|
3,417
|
|||
|
Haringey
|
£1,558
|
3,219
|
|||
|
Brent
|
£1,535
|
3,171
|
|||
|
Ranking – by least toilet rolls to rent
|
|||||
|
Location
|
Average monthly rent
|
Loo rolls needed for a month’s rent
|
|||
|
Blaenau Gwent
|
£411
|
849
|
|||
|
Rhondda Cynon Taf
|
£419
|
865
|
|||
|
City of Kingston upon Hull
|
£437
|
903
|
|||
|
Carmarthenshire
|
£458
|
945
|
|||
|
Powys
|
£462
|
954
|
|||
|
Burnley
|
£462
|
955
|
|||
|
Middlesbrough
|
£469
|
969
|
|||
|
Neath Port Talbot
|
£469
|
969
|
|||
|
North East Lincolnshire
|
£470
|
971
|
|||
|
Pembrokeshire
|
£471
|
972
|
|||
|
Merthyr Tydfil
|
£472
|
975
|
|||
|
Hyndburn
|
£476
|
983
|
|||
|
Hartlepool
|
£479
|
990
|
|||
|
North Lincolnshire
|
£481
|
994
|
|||
|
Fermanagh and Omagh
|
£482
|
996
|
|||
|
Sources:
|
|
|
Average house price
|
|
|
Average rents
|
|
|
Eng
|
|
|
Scot
|
|
|
Wal
|
|
|
NI
|
|
Average toilet roll cost of 0.48p taken from across Asda, Tesco, Sainsbury’s and Amazon.
You May Also Enjoy
What does latent defects insurance cover?
Breaking Property News – 24/04/24
An average rate of 6% for the first time since November – Rightmove’s weekly mortgage tracker
Understanding Property Valuation: A Simple Guide
Aberdeen is cheapest city to be a first-time buyer