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TODAY'S OTHER NEWS

Cost of renting a single room in Kensington increases 23% in five years

The soaring cost of renting property in prime central London has once again come under the spotlight following WikiLeaks founder Julian Assange’s arrest at the Ecuadorian Embassy.

Property share platform ideal flatmate estimates that Assange saved in the region of £150,000 in rent while living rent-free at the Ecuadorian embassy.

Rental costs in the capital continue to account for one of the largest living expenses Londoners face, and nowhere across London is more unaffordable than Kensington, and Chelsea and Knightsbridge in particular.

Rental costs in the borough, where the Ecuadorian Embassy is located, are among the highest in the capital having increased over 23% since 2012.

The current average rent for a room in Kensington and Chelsea is £1,928 a month, which is up from £1,565 a month five years ago.

Tom Gatzen, co-founder of ideal flatmate, commented: “Of course, Kensington sits at the top of the table where rental costs are concerned but it does go to show how the cost of renting in London continues to spiral out of affordability for many.”

Single Room Rent in Kensington
Month Average monthly Rent
Jun 2012 £1,565
Jul 2012 £1,565
Aug 2012 £1,565
Sep 2012 £1,565
Oct 2012 £1,565
Nov 2012 £1,565
Dec 2012 £1,565
Jan 2013 £1,644
Feb 2013 £1,644
Mar 2013 £1,644
Apr 2013 £1,644
May 2013 £1,644
Jun 2013 £1,644
Jul 2013 £1,644
Aug 2013 £1,644
Sep 2013 £1,644
Oct 2013 £1,644
Nov 2013 £1,644
Dec 2013 £1,644
Jan 2014 £1,753
Feb 2014 £1,753
Mar 2014 £1,753
Apr 2014 £1,753
May 2014 £1,753
Jun 2014 £1,753
Jul 2014 £1,753
Aug 2014 £1,753
Sep 2014 £1,753
Oct 2014 £1,753
Nov 2014 £1,753
Dec 2014 £1,753
Jan 2015 £1,831
Feb 2015 £1,831
Mar 2015 £1,831
Apr 2015 £1,831
May 2015 £1,831
Jun 2015 £1,831
Jul 2015 £1,831
Aug 2015 £1,831
Sep 2015 £1,831
Oct 2015 £1,831
Nov 2015 £1,831
Dec 2015 £1,831
Jan 2016 £1,913
Feb 2016 £1,913
Mar 2016 £1,913
Apr 2016 £1,913
May 2016 £1,913
Jun 2016 £1,913
Jul 2016 £1,913
Aug 2016 £1,913
Sep 2016 £1,913
Oct 2016 £1,913
Nov 2016 £1,913
Dec 2016 £1,913
Jan 2017 £1,900
Feb 2017 £1,900
Mar 2017 £1,900
Apr 2017 £1,900
May 2017 £1,900
Jun 2017 £1,900
Jul 2017 £1,900
Aug 2017 £1,900
Sep 2017 £1,900
Oct 2017 £1,900
Nov 2017 £1,900
Dec 2017 £1,914
Jan 2018 £1,928
Feb 2018 £1,928
Mar 2018 £1,928
Apr 2018 £1,928
May 2018 £1,928
Jun 2018 £1,928
Jul 2018 £1,928
Aug 2018 £1,928
Sep 2018 £1,928
Oct 2018 £1,928
Nov 2018 £1,928
Dec 2018 £1,928
Jan 2019 £1,928
Feb 2019 £1,928
Mar 2019 £1,928
Average £1,810
Total £148,381
Change 23.20%
 
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