Camden is one of London’s top ten most expensive boroughs to rent in
PUBLISHED: 10:00 04 September 2015 | UPDATED: 11:00 04 September 2015
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Could you afford to rent a room in Camden? New research puts it alongside areas like Chelsea and South Kensington as one of the most expensive boroughs in the capital
Research from flat and house share site Spareroom.co.uk found that Camden slipped into the top ten with the average room rent sitting at £923 per month.
St Paul’s (EC4) was the most expensive at £1,161, followed by the Strand/Holborn (WC2) at £1,075, while the least expensive areas were Manor Park (E12) and Upper Edmonton (N18) at £555.
The research also revealed that 10 per cent of ads on Spareroom are for rooms priced at above £1,000 per month.
With news this week that a landlord was attempting to rent a shed in a living room as a bedroom for £530, these soaring rental prices do nothing to assuage the worries that London’s housing crisis is getting out of control.
Matt Hutchinson, director of Spareroom, said: “Flatsharing is the cheapest way to live, yet one in 10 rooms in London now carries a price tag of over £1,000 a month.
“There are still relative bargains to be had in places like Abbey Wood, where average room rents have barely pushed past £500 a month - although living in Zone 4 will make the commute more expensive.
“The south east is generally the cheapest area of London but most renters outside the capital would still be shocked by the prices. Chasing cheaper rents in London normally requires a heavy dose of compromise.”
Top ten most expensive areas of London to rent
1. St Pauls: £1,161
2. Strand/Holborn, £1,075
3. South Kensington Knightsbridge, £1,044
4. Chelsea, £1,027
5. Holland Park, £1,023
6. West End/Soho, £1,001
7. West Brompton/Chelsea, £962
8. Bayswater/Paddington, £962
9. Westminster/Belgravia/Pimlico, £927
10. Camden, £923
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