Sadly, a one-bedroom home isn’t affordable for countless Londoners. As a result, many will want to know where the cheapest properties are. Luckily, the London boroughs where you spend less of your earnings on rent have been revealed. Let’s have a closer look, then you can speak to us if you need services like block management in Bexley.
An expensive city
It’s a well-established fact that London’s properties are the UK’s most expensive. Within the city, for a one-bed property, everyone spends an average of 46.4% of their money on rent every month. This data comes from Trust for London. For those who don’t know, they are a charity that focuses on tackling inequality and poverty in the city. Because of high prices, many Londoners aren’t able to afford a one bedroom property. For the remainder of the UK, the percentage of money that goes on rent for a one-bed home is 25%.
Westminster topped the chart as London’s ‘least affordable’ borough. Here, residents pay an average of 75.4% of their earnings for a one-bed property. Kensington and Chelsea wasn’t too far behind; residents pay 73% of their salary here. After these boroughs came Islington and Camden, where people pay 58% and 57.2% respectively. Tower Hamlets then came after them with people paying 54.7% of their money on rent.
You pay less in Bexley
In certain boroughs though, people paid much less of their salary on rent. Bexley is one of them. Found in outer south-east London, this borough comes with a population of 247,258 people. Here, on average, people pay 33.2% of their income on a one-bed property. The borough is an excellent place for anyone looking to commute to the city. Trains from Bexley Station to Charing Cross only take about half an hour.
Even though it’s in Outer London, there is plenty to do here too. Bexley is home to Hall Palace and Gardens, as well as Danson House and Park. For the more daring individuals, there is Danson Park Adventures and Lesnes Abbey Wood. Let us know if you need the foremost services for block management in Bexley.
This part of London was originally a sparsely populated locale with roughly 4,000 residents in 1800. Ever since the rail network’s development, Bexley has attracted an inflow of people. Many move from the inner-city boroughs to bask in the greenery. In fact, the borough stands as one of the greenest, with more than 100 open spaces and parks. There is also a 5 mile stretch along the River Thames with some fantastic views.
The areas that make up Bexley
As for the areas that make up the borough, Upton is one of them. As an area, it was absorbed into Bexleyheath during the 20th century. Several roads, public buildings, and schools retain the Upton name. You can also find the 18th century Danson House here. What’s more, there’s more going on in regards to variety of architecture if you compare to the northern part of Bexleyheath.
Another area is Crayford. This is a district in Bexleyheath. Prehistoric finds reveal the area has been home to humans for 200,000 years minimum. St. Paulinus Church is the oldest structure here, dating back to 1100. In the modern era, it forms part of London’s commuter belt. Also, it has a healthy retail centre, as well as a greyhound stadium and theatre.
Then there is Sidcup, another part of the commuter belt. This area is popular among middle class families. They love the idea of raising their kids outside the city whilst being able to commute to work. Properties here are primarily semi-detached or detached homes. The reputation of local schools is fantastic too. As for Sidcup’s high street, it comes with decent pick of eateries, pubs, and supermarkets.
We can help you with block management in Bexley
At Finefair Ltd, we offer solutions for everyone. You could be new to investing or have a massive portfolio. Whatever the case, we’ll be able to help. Our people will work closely with you so we ensure you achieve all your targets.
Give us a call if you want the best service for block management in Bexley. We can tailor the service to suit any need, including large portfolios as well as individual properties.
