Affordable Areas For South Africans To Rent In London

Only 15 of London’s 270 tube stations are situated in affordable areas for private renters, according to new research by Shelter.

The housing charity has designed a tube map split into three ‘zones’: ‘Unaffordable’, ‘Difficult to afford’ and ‘Affordable’ based on an average income in London of £34,320.

Affordable areas

There are only 15 ‘affordable’ areas in the far reaches of the underground network.

These include:
Chesham, Amersham, Chalfont & Latimer, Watford, Epping, Theydon Bois, Debden, Loughton, Buckhurst Hill, Roding Valley, Chigwell, Elm Park, Hornchurch, Upminster Bridge, and Upminster.

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affordable

These areas have been defined as ‘affordable’ as 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 areas

A number of stations in outer London form part of the ‘difficult to afford’ category, particularly in the north and northeast of the city.

difficult to afford

These areas are difficult to afford as the average cost of a two-bed private rental property requires 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 areas

171 tube stations in central London have been classified as ‘unaffordable’, in that 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.

london unaffordable

Source: The South African

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