How much to budget - 1 bed flat.

fracturedsun

Hi all,

I'm trying to work out a budget for renting a flat on my own.... however I've been lodging (bills all included) for the last couple of years and before that I was in a house share, so I have only a vague idea of what to budget for gas and electricity for a flat.... water, c tax and internet are all much easier to find values for.

I was thinking of budgeting about £100 a month for both. Is this realistic, (I like my house quite cold so probably will not use much heating unless it gets very cold)? I know this is a bit of a how long is a piece of string question, as it depends on so many different things but a rough guide would help me work out how much rent I can afford.

Cardew

Assuming your flat is reasonably insulated, £100 monthly should suffice for gas and electric.

Many flats however don't have gas, and all electric is more expensive.

Don't forget to budget for water.

DragonQ

Remember water indeed. It costs me £11pm in a one bedroom flat and I've very watchful of the water I use. Washing loads have much more influence on use than showers, I've found.

techno12

£100 should be more than enough.

I'm on my own in a 2-bed flat and my current summer bills are around £55 pm

Once I click the gas CH on sometime in November they'll shoot up to £100+ or so for a few months.

fracturedsun

Thanks everyone, that gives me a good start on a budget.