Category Archives: Rent Home

What are the Cheapest areas to rent a flat in Greater Manchester?

 

Image result for manchester cheap rent

 

Much of Salford borough itself is cheap, but often isn’t such a great place to live. Yet most of the places which are a bit nicer andcheap tend to be much further out. It really depends on exactly where in Salford you need to be, how you mean to travel, and whether you’re happy with a bad area. Public transport isn’t cheap, so if you’re expecting to keep costs low, you want to be near enough to walk or bike.

Seconding the advice that Salford is cheap, but that tends to be for a reason. However, moving further out will increase your transport costs and while the options for getting there are plentiful, some are easier than others. Areas that are considered nice are Didsbury and Chorlton, they usually have a few house shares for young professionals that might squeak into your budget. You should also be able to get the tram from those areas into Salford, but be aware that it gets more than a bit busy at rush hour. Failing that, you could look at Old Trafford, Stretford and Urmston. Sale and Altrincham are also on the tram line and the right side of south Manchester to get to Salford fairly easily, but might cost a little more. Fallowfield is popular with students but avoid Moss Side at all costs.

Mr Fearnhead’s company is a property crowd-funding platform, which has eight sites across Greater Manchester developing housing.

He believes “forward-thinking councils” encourage development, helping provide more affordable housing, but argued that some councils “discourage development”.

Market forces, he added, should be left to themselves because if nobody could afford to buy a property the price would come down.

Why are fewer people buying homes in Greater Manchester?

 

Gorton Manchester

 

The 2011 Census data shows the city of Manchester moving towards smaller average household sizes, with more single people aged under 65 and a relative decline in the number of households made up of families with children.

This means the average household size is set to be lower over the next decade and, with the increase in private sector renting, more transient, it added.

Frazer Fearnhead, CEO of The House Crowd, said Manchester had a large graduate population in apartments across the city centre.

“They are mostly lived in by young professionals who choose to rent,” said Mr Fearnhead.

“We are not comparing apples with apples [previous decades]. There is a lot less pressure to get married and have children and therefore there is less desire to buy family homes.”

Ian Waxman, MD for estate agent PAD Residential said Manchester was a “destination city” that people want to live in.

He said young people liked to rent because it was a “quicker transaction” and it gave them “flexibility in the job market”.

 

During the EU referendum campaign Brexit-backer Iain Duncan Smith said the UK would need to build 240 houses a day for 20 years to cope with increased demand. That claim was substantiated by the BBC.

Mr Fearnhead believes that Greater Manchester mirrors the rest of the country in the fact there are not enough houses being built, fuelling a demand that pushes up prices.

A recent report from the Greater Manchester Combined Authority said up to 217,000 houses would be needed by 2035 to meet demand. The current rate for completion is 6,000 a year.

Greater Manchester’s interim mayor Tony Lloyd said: “To reverse this trend [on home ownership] we know that we have to build more homes and ensure a better mix of housing that enables all of our residents to find a home they can afford in an area where they want to live.”

He called for the government to fund affordable social renting, not just owner-occupier schemes.

Land needed to be made affordable, he said, because not all brownfield sites are feasible without investment – and funding and support is needed to develop on them.

Mr Lloyd said: “In Greater Manchester we are  taking action with the powers we have but more must be done by central government to enable us to build the homes Greater Manchester needs now and in to the future.”

Finding a decent flat in London: tips from a pro

How much does it cost to rent in London?

The average monthly rent for a double room in London (with some bills included) is just under £750 a month*. There’s a big variation within that though.

St Paul's cathedral London long exposure

St Paul’s is one of the most expensive places to live in London (Picture: Davide D’Amico on Flickr)

For example, there are six postcodes in London with monthly average rents over £1,000 for a double room*. Unsurprisingly, they’re all central or in affluent SW postcodes like Chelsea and Knightsbridge.

  • EC4 St Paul’s £1,192
  • SW7 South Kensington/Knightsbridge £1,153
  • WC2 Strand/Holborn £1,053
  • SW3 Chelsea £1,049
  • SW1 Westminster/Belgravia/Pimlico £1,001
  • SW10 West Brompton/Chelsea £1,001

At the other end of the double-room price scale you’ll find another six postcodes with average rents of £550 or less a month*, all in East or South East London.

  • E12 Manor Park £537
  • SE18 Plumstead/Woolwich £537
  • E6 East Ham £542
  • SE7 Charlton £542
  • SE2 Abbey Wood £550
  • SE9 Eltham £550

Eltham has plenty of green space, cheaper rent and a palace nearby (Picture: DncnH on Flickr)

Chances are you’ve heard of most of the expensive areas but not the cheap ones.

In the middle, of course, are around 100 more postcodes with rents nearer that average of £750, so there are plenty of options.

What should you look for in a new London flat?

So, the main things you need to work out before you even start looking are:

How much rent you can afford

Don’t forget you’ll need to budget for bills as well so make sure you know your total mount. Most rooms will include some bills but it’s essential you know exactly what you’re paying for in advance so there are no surprises later on

Where you’ll be spending most of your time

If you’re coming to London to study then this is fairly simple. If you’re coming to work and don’t have a job yet it could be a bit more complicated.

Your perfect London area needs to be commutable to/from work or study (Picture: Fabio Venni on Flickr)

The main thing is to broaden your search beyond the area you’re likely to be working; look at surrounding areas, or those on the same tube/train line.

Most people in London commute to where they work or study – it’s just a case of keeping it as simple as you can.

How to find potential flatmates

One way of working out where you want to live and finding potential flatmates is Speed Flatmating, run by SpareRoom.co.uk.

These events take place in bars several times a week in London, as well as in Manchester (and New York!) Most cater for a specific area but there’s also a weekly Zones 1-3 event that covers a wide range of areas.

Just like thinking bob‘s socials, SpeedFlatmating events focus on people rather than property so you can chat to a lot of people in one go; they’re particularly useful if you’re new to London and don’t know anyone. They’ll give you a chance to find out which areas sound good and also what budgets are like.

Meeting people in relaxed environments is a great way to meet new flatmates… and friends (Picture: thinking bob)

As an added bonus you might just meet other people in your situation and decide to Buddy Up so you can flat hunt as a group.

The viewing

Before/during the viewing

When meeting people at the event, or during a viewing, don’t forget to discuss the formalities like rent, bills and contract, but also other, lifestyle related details like working hours, whether it’s a social house and whether guests are allowed.

It’s good to iron out these things at the start so that you know where you stand.