Posts with tag: one-bedroom London home

Alternative Tube Map Shows Average Rent at Each Station

Published On: September 29, 2015 at 3:54 pm

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Categories: Landlord News

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A new alternative Tube map shows how much it costs to rent near each London Underground station in the capital.

The map, compiled by Thrillist.com, reveals the sky-high prices tenants must pay for a one-bedroom home within a kilometre of each Tube station.

The illustration uses data from property website, Find Properly, and highlights the highs and lows of the central London rental sector, including prices in thriving tourist areas, such as Oxford Circus and Leicester Square.

Another super expensive area on the map is Bank, which is at the heart of the City of London financial district. One-beds here can cost £2,128 per month.

Renters in the upmarket West London areas of Hyde Park Corner and South Kensington are also paying similar prices.

However, the map does indicate a divide in prices, with the average rent near the East London station of Dagenham Heathway costing £796 a month, while prices close to the suburban West London station of Hatton Cross are just £324 per month.

Data from June reveals that London rent is almost double the national average and rose by 10.7% over the year.

London has been ranked the third most expensive place to live, after the Cayman Islands and Switzerland.

 

 

One-Bedroom Home Goes on Market for £3.75m

Published On: June 8, 2015 at 9:56 am

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Categories: Property News

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On a quiet street in Knightsbridge is Tutti Frutti, the one-bedroom property with a huge price tag.

Londoners will be quite aware that you don’t get much for your money in the capital, but this house takes the crisis to another level, as it has gone onto the market for a huge £3.75m.

The extravagant home could be the world’s most expensive one-bedroom house due to its massive asking price.

Described as an “exquisite bijou mews house”1, the property was designed by interior decorator Federica Palacios. The walls and floor of the garage are purple and the kitchen has been painted in bright stripes.

Over three floors, the home surprisingly boasts a double garage, utility room, reception room and shower room. However, it does have just the one bedroom, which is unconventional for any house.

At £3.75m, the property is around ten times more expensive than the average home in London and just half the price of Wentworth Woodhouse stately home, which is 150 times bigger.

The 1,200 square foot home was put on the market by Jeremy Davidson Property Consultants and is being sold with the furnishings and fittings. It is a short walk from Harrods and Hyde Park.

Property expert Henry Pryor says that Tutti Frutti would be a perfect home for pop star Prince or the ideal headquarters for portal Zoopla.

Pryor continues: “Either would surely be delighted to find themselves in this violet Knightsbridge den. It is in one of the most fashionable parts of London, close to the best shops, the coolest restaurants and would surely make some trustafarian daughter very happy.

“Most people would opt for two years at the Savoy Hotel, which the Stamp Duty alone would pay for. But no doubt there is someone with the decorating taste of Peter Stringfellow who will fall in love with the location and the style.”1

1 http://www.mirror.co.uk/news/uk-news/see-worlds-most-expensive-one-bedroom-5803850