Apr 08

London’s least & most affordable areas to rent

If you remove all unaffordable areas for renting from a Tube map it looks pretty station-less.

A new map by housing charity Shelter has done just that.

In its map which shows affordable areas for average renters, only 15 of 270 areas were highlighted as affordable.

This is how Shelter worked out the most affordable London areas:

Affordable:the average cost of a two-bed private rental property is less than 35% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.

Difficult to afford:the average cost of a two-bed private rental property is between 35% and 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.

Unaffordable:the average cost of a two-bed private rental property is more than 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.

To determine the “average” Shelter used the median rent and wage.

Full map here