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Live here for £3,000 a month in Norwich - ranked one of the UK's most pricey rental cities

PUBLISHED: 18:33 16 October 2019 | UPDATED: 08:49 17 October 2019

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

A penthouse is available to rent for almost £3,000 a month in Norwich which has been listed as one of the most expensive cities in the UK to be a tenant.

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson BaileyOne of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

Nottingham, where rents have gone up by 5.4% over the past year was the most expensive, according to a new report closely followed by Leeds and Bristol, both up 4.5%.

But Norwich has seen rentals soar by 2.8%, with the average monthly rent now hitting £759.

The list of the top 20 most expensive cities saw Norwich rank joint 11th by Zoopla.

The report also showed in Norwich people spend just over a quarter of their earnings on tenancies compared to the worst offender, London where nearly half of people's average wages goes on renting their home.

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson BaileyOne of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

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The survey also found some key facts including:

- 40% of private renters are aged 35-55 and more than a third have dependent children

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson BaileyOne of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

- The average age of people renting is 16-35 who do so before buying a home

- A lack of new affordable housing supply has resulted in more people renting

The report also blames the fact many people cannot afford to buy a house on the rental rise. Earlier this week the House Price Index was published which shows on average, house prices have risen by 0.8% since July 2019. There has been an annual price rise of 1.3%, which makes the average property in the UK valued at £234,853.

In Norwich, one of the most expensive rental properties on the market is currently The Malt House in King Street, available for £2,950 per calendar month, which has been available for almost a year. The three bedroom penthouse set over three floors has three bathrooms, panoramic views from two balconies as well as secure parking and a projector cinema television.

One of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson BaileyOne of the most expensive places to rent in Norwich, The Malt House penthouse on King Street, available for £2,950 per calendar month. Pic: Gilson Bailey

Renting a room only has gone up - one house on St Mildreds Road, west Earlham, with five bedrooms, is available for £325 per calendar month a room. Luxury student accommodation works out at £585 per room in Crown Place, Surrey Street, but these come with extra facilities such as a cinema, gym and games room.

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