A flat in Notting hill is available for rent at GBP900 per monthly, but there’s a catch. The apartment on the top floor is so small that the kitchenette is right next to the toilet. There is no oven in the flat. Instead, photos of the studio apartment on Westbourne Park Road show a refrigerator, cupboards, and microwave attached to the wall. The opposite corner houses a double bed and a bedside table. They are located under the single window. A dining table and two chairs are at the end of each bed. It is located close to Westbourne Grove’s great amenities and has easy access to Queensway and Portobello Road. “OpenRent” The average price for a studio flat is GBP1,250 per monthly (GBP260-GBP300 per week), while one-bedroom flats start at GBP450 per week and average GBP2,150 per mois. Two-bedroom flats are available at an average price of GBP1,250 per month (GBP260-GBP300 per week), while one-bedroom flats start at GBP450 per week. She said that there have never been more properties on the market at this time of the year. “The supply is the lowest that we have ever seen. “”In particular, there is a very, very low stock level in our area. “READ MORELondon rents: affordability crisis looms as demand for rentals highest since 1999Evening Standard Comment: Politicians of all stripes must address London’s rent crisis. I have been a letting agent for 20 years and have never seen anything like it. “READ MORELondon rents – affordability crisis looms as demand is highest since 1999Evening standard Comment: Politicians of all stripes must address London’s rent crisisLondon first-time buyers: ‘My mortgage payment and bills are the same as renting in a home share. Knight Frank reports that London and the Home Counties’ rental values have risen to 5% above their pre-pandemic levels. Rents in prime central London rose 19.8% year-on-year, which is the highest increase since 1995. Knight Frank’s head of lettings, Gary Hall, says: “It’s a difficult time to be a tenant right now, rents are rising, and the availability of stocks is low, which means that transaction volumes are lower. We believe stock levels will improve in the coming year.
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