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Waltham Forest cheapest place to flatshare in London
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
New research has indicated that Waltham Forest is the cheapest place in the capital to rent a room.
According to the inaugural flat share index from website Weroom.com, tenants in the paid an average of £435.89 per month for a room in the London borough. The survey of tenants in the capital found that the average rent paid for a room in the capital was £748.04.[1]
Capital saves
Following Waltham Forest, Haringey was found to be the second cheapest borough, with an average rent of £518.74. Lewisham was next with prices averaging £586.73.[1]
At the other end of the scale, the most expensive borough in which to flatshare was Kensington and Chelsea, where rents averaged at £1,095.73 per sharer per month.[1]
Thomas Villeneurve, chief executive of Weroom.com, commented that, ‘London prices have rocketed so far out of control that anyone on a standard wage below the age of 30 can no longer dream of buying in the city.’ He feels that, ‘this is why the number of renters is projected to increase by millions.’[1]
He added that, ‘flat sharing is therefore becoming more commonplace as people try to keep costs down.’[1]
The top ten cheapest boroughs in which to flatshare were:
- Waltham Forest
- Haringey
- Lewisham
- Sutton
- Barking and Dagenham
- Ealing
- Newham
- Redbridge
- Barnet
- Enfield
[1] http://www.telegraph.co.uk/finance/property/11662898/Londons-cheapest-place-to-flat-share.html
