January 13th 2024.
In London, a landlord has recently been making headlines for their unusual rental property. They are offering a single-bedroom "modern annex" located at the bottom of their garden for a whopping £1,100 per month. This is a stark reminder of the dire state of the London rental market, where prices continue to skyrocket.
The property is situated in Hayes, Bromley and boasts a mere 850 square feet of living space, along with one shower room. It comes fully furnished with a bed, wardrobe, and even a microwave. This might be perfect for those who like to keep all their belongings in one room. The rent also includes all bills, which is a rare find in London.
If you choose to call this "modern" annex your home, at least you won't have to go far to reach anything. And if you need to release some frustration, there's even a punching bag in the garden. The property will be available for rent from March 8, 2024, and requires a deposit of £1,326. However, it's worth noting that the energy efficiency rating is an E, which means you might end up spending more money on heating during the colder months.
According to the listing, the studio offers private entry through the driveway and features a sleeping area with a single bed, a modern kitchen, and a modern shower room with a washbasin and WC. Tenants also have access to the garden and there is on-street parking available. For more news from London, be sure to visit The Agency's London news hub.
Interestingly, Zoopla's report from December 2023 revealed that the average rent in the UK is currently £1,201 per month, which is a staggering 9.7% increase from the previous year. However, they predict that this rapid growth will slow down next year, with London rents only expected to rise by 2%, the lowest increase since 2021.
In December 2023, a tiny studio flat in Leyton, east London was put on the market for £134,000. The photos of the flat showed a bed, desk, and kitchen area stacked on top of each other in the 11 square meter space. In comparison, another Londoner was charging £68 per night for tourists to stay in tents in his living room in Soho's Chinatown. The listing boasted about the convenient location and proximity to popular attractions.
If you have a story to share about your experiences with renting in London, we'd love to hear from you. You can email us at [email] for a chance to be featured. And for those who are tired of the London rental market but think they can't afford to buy, think again. Don't give up on your dreams of owning a home in this bustling city. And for those who have been forced to move multiple times in just a few years due to rising rents, know that you are not alone. London renting can truly be a nightmare.
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