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Londoners? Is this rent too high?

Cheers
Cheers Posts: 70 Forumite
in House buying, renting & selling
£1126 a month, for a studio in Fulham Palace Rd, Hammersmith & Fulham, with only £260 deposit up front?
«1

Comments

  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is this on Gumtree by any chance?

    How are they suggesting you pay them the £260?

    I recommend that if you use Google Chrome as a browser that you right click on the photos of the flat and then select the option "Search Google for similar images"
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Cheers wrote: »
    £1126 a month, for a studio in Fulham Palace Rd, Hammersmith & Fulham, with only £260 deposit up front?

    It's also £260 per week. Are you sure it's a studio and not a self contained bedroom with an en-suite in someone's house inclusive of all bills and you would actually be a lodger paying rent weekly and could be asked to leave with just a weeks notice at any time?

    Unfortunately for London it's most probably a fair price to pay for an all inclusive room with private bathroom.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cheers wrote: »
    £1126 a month, for a studio in Fulham Palace Rd, Hammersmith & Fulham, with only £260 deposit up front?

    We usually ask for 2 weeks rent for a holding deposit, I'm always amazed that prospective tenants hand it over before asking for proof that I own the property, I usually show them anyway (a mortgage statement), and I point out that they should ask to see it in future. An honest landlord won't be offended, but if you don't ask, how would you know who you are handing the money over to?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Cheers
    Cheers Posts: 70 Forumite
    Self contained studio in a large apartment, inclusive of all bills and wifi, except council tax. Owned by Studios2let agency. Rent paid monthly.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Cheers wrote: »
    Self contained studio in a large apartment, inclusive of all bills and wifi, except council tax. Owned by Studios2let agency. Rent paid monthly.

    Sounds fair then. Are you going to be a tenant in a HMO or a lodger with a live in landlord? The landlord would be responsible for council tax either way so I'd question that.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • His_Dudeness
    His_Dudeness Posts: 124 Forumite
    The landlord may be liable to the council for council tax, but he is free to pass it on to his tenant.
  • lika_86
    lika_86 Posts: 1,786 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sounds like a lot to me, I live on the first tube station in Zone 2, minutes from the tube station and a big supermarket and can walk into the city and pay £300 a month for a decent-sized one bed flat. Admittedly no bills included though. London is very much about working out your priorities and finding an area you like.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    lika_86 wrote: »
    Sounds like a lot to me, I live on the first tube station in Zone 2, minutes from the tube station and a big supermarket and can walk into the city and pay £300 a month for a decent-sized one bed flat. Admittedly no bills included though. London is very much about working out your priorities and finding an area you like.

    Now that is very cheap especially for London. Is that a private rental or a housing association property?
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • lika_86
    lika_86 Posts: 1,786 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    HappyMJ wrote: »
    Now that is very cheap especially for London. Is that a private rental or a housing association property?

    Private rental found through Gumtree so the rent doesn't include paying 15% (or whatever is normally added on top) for a letting agent.
  • Lunchbox
    Lunchbox Posts: 278 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    lika_86 wrote: »
    Sounds like a lot to me, I live on the first tube station in Zone 2, minutes from the tube station and a big supermarket and can walk into the city and pay £300 a month for a decent-sized one bed flat. Admittedly no bills included though. London is very much about working out your priorities and finding an area you like.

    I suspect you mean £300 a week?!
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