Who needs a holiday when you can rent in Liverpool for three months for the same price?

June 15, 2020

The average person in the UK spends £826 on a week of sun, sea and sand each year, however, with many travel restrictions still in place, a trip abroad is looking increasingly unlikely in 2020.

With an average of 2.4 people living in each household, the silver lining is a potential saving of £1,652 for a week’s holiday for two. The latest research conducted by deposit replacement scheme Ome has revealed how this saving could be spent in the UK rental market.

With the current average UK rent sat at £959, tenants could financially tackle nearly two months of rental costs (1.7) with a would be holiday fund. This climbs to over three months in Wales and the North East (3.1) where the average rent is £539 and £533 respectively.

Tenants could also cover two months rent or more in Yorkshire and the Humber (2.7), the North West (2.7), Northern Ireland (2.6), the East and West Midlands (2.6 & 2.5), Scotland (2.2) and the South West (2.0).

Even in London, the cost of the average holiday for two is enough to cover nearly a month’s rent. Once again this climbs to three months in Liverpool and two months or more in Swansea (2.9), Plymouth (2.7), Newport (2.7), Sheffield (2.6), Leicester (2.6), Nottingham (2.5), Newcastle (2.5), Belfast (2.3), Birmingham (2.3), Aberdeen (2.2), Cardiff (2.2), Leeds (2.1), Southampton (2.1). Manchester (2.0) and Portsmouth (2.0).

While the cost of rental deposit is higher than a month’s (five weeks rent), the average price paid for a holiday would still cover this cost comfortably across every region and major city, except for London and Oxford.

Nation/Region
Average Rent
Average Deposit
Average Holiday Cost
Holiday/Rent
Holiday/Rental Deposit
North East
£533
£666
£1,652
3.10
2.48
Wales
£539
£673
£1,652
3.07
2.45
Yorkshire and the Humber
£617
£771
£1,652
2.68
2.14
North West
£621
£776
£1,652
2.66
2.13
Northern Ireland
£627
£784
£1,652
2.63
2.11
East Midlands
£628
£785
£1,652
2.63
2.10
West Midlands
£662
£828
£1,652
2.50
2.00
Scotland
£748
£936
£1,652
2.21
1.77
South West
£816
£1,020
£1,652
2.02
1.62
East of England
£869
£1,086
£1,652
1.90
1.52
South East
£998
£1,248
£1,652
1.66
1.32
London
£1,697
£2,121
£1,652
0.97
0.78
England
£852
£1,065
£1,652
1.94
1.55
United Kingdom
£959
£1,199
£1,652
1.72
1.38
City
Average Rent
Average Deposit
Average Holiday Cost
Holiday/Rent
Holiday/Rental Deposit
Liverpool
£532
£665
£1,652
3.11
2.48
Swansea
£567
£709
£1,652
2.91
2.33
Plymouth
£604
£755
£1,652
2.74
2.19
Newport
£611
£764
£1,652
2.70
2.16
Sheffield
£629
£786
£1,652
2.63
2.10
Leicester
£629
£786
£1,652
2.63
2.10
Nottingham
£657
£821
£1,652
2.51
2.01
Newcastle
£674
£843
£1,652
2.45
1.96
Belfast
£716
£895
£1,652
2.31
1.85
Birmingham
£724
£905
£1,652
2.28
1.83
Aberdeen
£735
£919
£1,652
2.25
1.80
Cardiff
£746
£933
£1,652
2.21
1.77
Leeds
£774
£968
£1,652
2.13
1.71
Southampton
£799
£999
£1,652
2.07
1.65
Manchester
£822
£1,028
£1,652
2.01
1.61
Portsmouth
£847
£1,059
£1,652
1.95
1.56
Bournemouth
£867
£1,084
£1,652
1.91
1.52
Glasgow
£883
£1,104
£1,652
1.87
1.50
Edinburgh
£1,084
£1,355
£1,652
1.52
1.22
Bristol
£1,140
£1,425
£1,652
1.45
1.16
Cambridge
£1,253
£1,566
£1,652
1.32
1.05
Oxford
£1,509
£1,886
£1,652
1.09
0.88
London
£1,697
£2,121
£1,652
0.97
0.78
Average rental costs sourced from Gov.uk, Gov.wales, Gov.scot and NIHE.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Fewer than 1 in 5 homebuyers find their perfect property

The latest research from Yopa has revealed that fewer than one in five homebuyers would describe the home they purchased as their “perfect property,” with outdoor space and overall size the most common compromises made during the buying process. The survey of recent homebuyers, commissioned by Yopa, found that 58% began their property search with…
Read More →
Breaking News

Average homebuyer travels 330 miles to find their ideal property

The latest research from The Property DriveBuy reveals that the average homebuyer travels 330 miles to find their ideal property when it comes to the distance between their current home and chosen location, as well as the miles clocked up in between viewings. The survey of UK homebuyers*, commissioned by The Property DriveBuy, found that,…
Read More →
Breaking News

Why first-time buyers should start the financial conversation early

Award-winning mortgage adviser, Alexander Hall, is encouraging the nation’s first-time buyers to open up about their finances this Talk Money Week, offering expert guidance on how to make these conversations more natural, productive, and stress-free. What is Talk Money Week? Talk Money Week is a national initiative created by the Money and Pensions Service (MaPS)…
Read More →
Breaking News

Breaking Property News 5/11/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Ordance survey and HMLR programme unveils its six new startups Property inspection app Survey Shack has been selected as one of only six startups forming part of the 21st cohort of the award-winning Geovation Accelerator Programme from Ordnance Survey (OS) and HM Land Registry (HMLR). The programme…
Read More →
Breaking News

Bonfire Night could cause £1,500 in property damages

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, warns that Bonfire Night could cost renters an average of £1,475 in property damage if proper care is not taken, but that with a few simple safety checks in place, the much-loved evening of celebration and community can go off without a…
Read More →
Estate Agent Talk

Buying a Home? What you need to know about asbestos

Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More →