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Being a buy to let landlord means that you will have to hire a tradesperson at some point, but the cost can vary greatly depending on where your buy to let property is situated.
Tradesperson comparison website HaMuch.com looked at the current average cost of hiring a tradesperson for your property, looking at the hourly cost of a builder, plumber, heating engineer, electrician, carpenter, painter, gardener, cleaner and car mechanic and how this differs across each area of the UK
Across Britain, the most expensive area for hiring a tradesperson is Newbury in Berkshire at £47 per hour. Other costly areas in the county are Reading at £43 and Bracknell Forest at £42. These areas are well above the national average, which is £31 per hour.
Of course, the price of tradespeople also varies depending on what they do. Locksmiths are the most expensive professional by hourly rate, charging £43. In second place is heating engineers at £41, followed by plumbers at £40. The cheapest tradespeople are cleaners at £18, with painters costing £24 and gardeners £26.
Surprisingly, London isn’t the most expensive. In London, the average cost of a tradesperson is £41, higher than average but not the highest, despite the astronomical cost of housing in the city.
It’s important to note that many of those who work in the city commute from surrounding areas, while it may be that competition between tradespeople is particularly high in London, driving the price down.
The cheapest area is Carmarthenshire in southwest Wales at just £21 per hour – £26 cheaper than in Newbury.
Other lower-priced areas, where a tradesperson typically costs £23, are both North Lincolnshire and North East Lincolnshire, Dumfries & Galloway in Scotland, as well as Kingston-upon-Hull in Yorkshire.
Founder and CEO of HaMuch, Tarquin Purdie, commented: ‘Hiring tradespeople will always involve a cost but our research shows that it can cost more than twice as much in some areas and this is largely due to factors such as the cost of living, as well as the demand for each profession and the number of tradespeople available to carry out the work.