Average rental prices in London for shared housing
In the UK, and especially in London, the property market is quite hectic, and rental prices, as you probably know, can vary dramatically from location to location. As students, you will obviously be looking for the best deals possible on rental prices, and so naturally, shared accommodation will be essential. As you all probably know, property prices in London are incredibly higher than in other parts of the UK, yet what you may find surprising is that prices in London can vary dramatically from one location to the next. Just to give an example, rental prices in some of the more affluent parts of London, I.E Hyde Park Corner, or, Knightsbridge, can be close to £3000, typically around £2,800 – £2,900, whereas in other parts, such as Hatton Cross, prices can be around just £300 – £400. Renting in London needn’t be as expensive as the tabloids and TV shows would have you believe, you simply need to do your research, and know exactly what you’re looking for. With that being said, in the more affluent and upmarket parts of London, you really can appreciate why rental prices are so much higher than in other parts, as there are some fabulous locations to be found. Here’s a look at some of the most popular locations for students and young professionals seeking shared accommodation.
Upton park – Average monthly rental prices for Upton park and the surrounding areas, come in at £692, which, when split between 5 or 6 other housemates, is very reasonable as well. Upton park is especially popular with young working professionals looking to room share as there are a whole host of things to do, especially if you happen to be a West Ham United supporter. As mentioned, renting in London is generally not considered the cheapest of things, yet when you know where you’re looking, you can snag some great deals. If you were to choose to roomshare within the Upton park area, you would benefit from fantastic rail links from Upton park station, and, located within 5kms you will find things such as London city airport, Westfield Stratford city, which is the third largest mall in all of Britain, the London aquatics centre, many tube links, Queen Elizabeth Olympic Park, the Copper box arena, and countless other cafes and restaurants.
Elm Park – Elm Park rental prices are currently averaging around £552, and, due to its relatively close proximity to Queen Mary University of London, it is proving to be very popular with students, as well as working professionals. The average tube-walk time from Elm Park to the university is around 33 minutes, or 21 minutes via taxi or driving, which is very reasonable indeed. The area is served by the Elm Park train station, running on the district line to Upminster. Students especially, will be in their element in terms of food and drink as there are a number of restaurants, cafes, and takeaways, with 4 Indian restaurants and takeaways located within a one mile radius. In terms of shopping and nightlife, there are several pubs and bars located in the area, as well as a number of handy shops, banks, and building societies.
Knightsbridge – Finally, last on our list we have Knightsbridge. Knightsbridge is popular amongst working professionals and students alike, with average rental prices coming in at around £2,832. Knightsbridge is one of the more affluent areas of London, and it shows in the architecture and the surroundings. Located just 6 minutes away via tube/walk from the University of Westminster, Knightsbridge is ideal for students who aren’t looking to travel long or far from their accommodation. A taxi or drive will take around 4 minutes to get to the university, so there really won’t be any excuses for missing lectures. For working professionals, the shopping opportunities in Knightsbridge are endless, especially for those with particularly expensive tastes, as you’ll find hugely popular stores, including Harvey Nichols, and Harrods, as well as Burberry, and Jimmy Choo. As well as global powerhouses and fashion brands however, there are also a whole host of everyday stores which are obviously much cheaper. There is also plenty to do when you aren’t studying or working, as Knightsbridge is home to the Royal Albert Hall, the Natural History Museum, the Science museum, and much more besides. Finally, in terms of nightlife with a slightly more, student feel to things, there are a number of pubs and bars to choose from, including the Buddha-bar, which is a restaurant and cocktail bar. There’s also the blue bar, which, whilst being rather expensive, is well worth it for the experience alone. After a few cocktails, popular nightclubs such as ‘Drama’, ‘Boujis’ and ‘Wellington Club’ are all very popular destinations, all with £20 or less entry fees, many of which are actually completely free.