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£25k/yr is ~£480/wk - student accommodation at Imperial College (this is South Kensington) goes up to ~£250/wk for a living room and bedroom. Taking a cursory
by tekacs 13y ago
£25k/yr is ~£480/wk - student accommodation at Imperial College (this is South Kensington) goes up to ~£250/wk for a living room and bedroom.
Taking a cursory look at the (current) prices in the area, Chelsea and similar areas look like you might find a single place or perhaps two at those prices, but it won't be terribly appealing - attempting to actually rent for £480/wk looks like it gets you a studio/1bed flat.
Edit: So essentially, £25k/yr will get you almost nothing in upscale areas, a hell of a lot in downscale areas.
- notahacker 13y agoUsing Chelsea as a reference point for London prices is akin to using Rolls Royce as a reference point for car prices. Yes, you have to pay more to show off if the BMW isn't upscale enough for you. There's plenty of choice of central locations with good housing, transport, reputations and nightlife where £25k per annum gets you a very nice flat indeed.
- tekacs 13y agoSo yes, as I said. :P OTOH it is also somewhat fair to say that trying to stay close to upscale areas whilst not being in them can in quite some number of cases place you in slightly risky areas to live. Being happy to commute can really help.
- willyt 13y agoStudent accommodation is subsidised by the university.
- tekacs 13y agoExactly my point - the prices I cite are lower than you could possibly get on the open market. I'm trying to argue that housing is expensive in those areas - really expensive student accommodation really helps my cause. :P