The most expensive rents in England revealed
Written By - Sam Haynes - August 11,2016
How affordable is rent in your area?
Based on average rents and median weekly wages:
- Renting a studio flat exceeds 30% of take-home pay in every London borough except Bexley. The cost of a studio exceeds £1,000 a month in Camden, Hackney, Islington, Kensington and Chelsea, Southwark, Tower Hamlets and Westminster
- Renting a room in a house or flat would swallow up more than 30% of the average disposable income in 15 of London's 32 boroughs
- It is impossible to rent a one, two or three bed property within the recommended limits across the whole of the capital. In 24 London boroughs and the City of London, a one-bedroom property would consume more than half your disposable income
- The average cost of renting a room in a flat or a house in London is £607 a month, compared to £424 across the South East
- Renting a one-bedroom property in the South East would be impossible within recommended limits everywhere except Medway, Hastings, Rother, Gosport, Dover, Shepway, Thanet and the Isle of Wight
Dan Wilson Craw, a policy manager at Generation Rent, which campaigns for affordable housing, said: "Across London and the South East, the only option for average earners is to squeeze themselves into ever more crowded flat shares.
"This might work for some, but it's a completely unsustainable situation for anyone who wants to settle down. Unless rents start coming down, the capital and its hinterland will start losing workers and that will weaken the national economy."
Figures show that 142 out of 324 areas where the average rent for a one-bedroom property was higher than 30% of take-home wage. None were in the north of the country, except for Manchester, Salford and York.
- Renting a room in a house across the North West and North East falls within 30% of take-home pay everywhere except Halton in Cheshire (£520). The cheapest place to rent a room was Hyndburn in Lancashire (£271). In Chorlton in Greater Manchester, a small one bedroom apartment has gone on the market for £395 a month
- Renting a one-bedroom property across the North falls within recommended limits everywhere except Salford, Trafford and Manchester city centre
- Someone earning the average wage in Copeland on the north-west coast would effectively have the most left over between their take-home pay and the recommended 30% limit on renting a one-bedroom home
- However, the rental cost of a one-bedroom property exceeds 30% of disposable income in Nottingham, Northampton, Warwickshire, Stratford upon Avon, Redditch, Warwick and Birmingham
The median monthly take home pay in England is about £1,833, after tax and national insurance contributions.
That means rent should take up no more than £550. The England average price of a room in a house is £382, while a one-bedroom property costs £694.
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