A new Tube map has been released showing the median cost of one-bedroom flats within a kilometre of every London Underground station. The map features information related to each line except the Circle line, as each stop on the Circle line is also part of another line. It shows that Hyde Park Corner (Piccadilly Line) is the most expensive, at £2,920 a month, with the cheapest being Hatton Cross at £324.
The map was put together by the Thrillist site, and has since gone viral – no doubt talked about by many of those, including landlords, letting agents and tenants alike, who may need to request a property inventory in London at some point in the coming weeks and months. The map demonstrates that prices rise the closer you get to Central London – and was released just days after a story about a tiny shed available for rent in one of the capital’s living rooms for more than £500 a month.
The map further illustrates how people earning a modest wage are being forced to live out of the centre of the city, with staff in entry-level jobs having to commute some considerable distance to get to work. This has led to suggestions that those on a low income are being priced out of London, as employers struggle to find workers for entry-level jobs due to the capital’s travel costs, which can take a sizeable chunk from monthly incomes.
Those seeking affordable accommodation around the capital are currently best catered for by areas near Hatton Cross, Redbridge and South Ruislip. The most expensive flats, meanwhile, are located near Hyde Park Corner, Knightsbridge, Green Park and Bond Street.
Here at Yellow Oak Inventories LTD, we specialise in providing inventories for landlords, tenants, relocation agents and letting agents. Our services are designed to protect the best interests of all parties, while helping to keep disputes and confusion to a minimum. We are a wholly impartial service offering richly-detailed inventory reports with digital colour photographs that ensure in-depth records of properties can be referred to during inspections.
All of our staff members are trained to the highest standards and are completely up-to-date with the latest legislation. Unlike some companies, we are also available on Sundays and Bank Holidays, and are APIP and AIIC accredited. Why not talk to us today if you require high quality London property inventory services from a leading company?