With the cost of living soaring, Londoners are desperately trying to find ways to save their money. Even though the capital is known for its high rental prices, there are still affordable accommodations near the city.
One place is in fact so affordable that it has been voted the cheapest place for singles to rent in all of England. It’s also close to an airport – although it’s not Heathrow or Gatwick. To top it off, the area is a 30-minute train ride from central London. In other words, its commutable distance and reasonable prices make it the perfect choice for those working in the capital or wanting to stay close to the city.
The town is Luton, where the average rent for a one-bedroom apartment is £623 per month, revealed Protection . The research analyzed the average rent, salary and spend of one bedroom city center apartments in the 30 largest cities in the UK. For those also considering working in Luton, the average monthly salary is £2,536. These tenants would therefore end up with £1,489 after their expenses and rent had been deducted.
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Meanwhile, London itself has emerged as the least affordable place in the UK for solo renters. Although tenants in the capital have the second highest average earnings of £2,513 after tax, it has the highest rent of the 30 cities, leaving average earning tenants – £171 a month once their rent and expenses deducted from their salary. This illustrates how unaffordable renting on your own in the city is for average incomes.
But there are 3.5 million UK residents who choose to live alone, many of whom are looking for houses to rent. So Luton could be the answer for London singles. Not only would those moving out find themselves with an extra £1,660 in their pockets, they could take a 30-minute train straight to St Pancras whenever they felt the call of the capital.
Although the town itself may not be the prettiest, it has pleasant parks and is close to the beautiful Chiltern Hills. Plus you can get to beautiful towns like St Albans in less than 15 minutes by train or Oxford in just over an hour by car.
Additionally, Luton is set to change thanks to the City Council’s ‘masterplan’ for the town centre. According to the city council’s website, the changes to the town center are designed to help Luton’s post-Covid recovery and “will respond to changes in the way we live, socialize, shop, work and become more sustainable”.
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The plan includes celebrations of the city’s rich heritage, an increased focus on supporting independent businesses alongside retail, and a focus on community services such as doctors’ surgeries, schools and community facilities that will support people. but will also be prepared for the expected increase in population. .
The council’s planning for “a chain of well-connected green spaces and improved streets across the town centre”, providing “times to play and relax”, local creativity and young talent given “a platform- shape to shape the character of the city centre”. Sounds pretty decent, especially since you still have all the wonders of London on your doorstep.
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