How much would a deposit on a flat in london be?

Question

Basically, me and one of my friends are gonna move down to london in about 6 months to work. How much would it cost for a deposit on an average flat.

Also where is the best place to live that is close to restaurants or within reasonable driving distance?

Answer 1

15 million pound

Answer 2

Really depends on where you are looking but a 1 bed flat will be upwards from £600 per month so the first month up front will be upwards of £1200 since you always have to pay a months rent plus a months deposit up front.

This is rock bottom and you might just find a price like this. Expect more like £650.

As for the best place to live, one good thing about London is more or less anywhere is near to restaurants, bars and amenities. Have a look on gumtree.com at some prices, get the names of some areas you can afford and spend a fun day out down here on a travelcard scoping them out

A 2 bed flat will set you back about £800 a month, ie £1600 first month up front. You could always get a one bed, use the lounge as a bedroom and move up from there.

Good luck, hope you find something nice

Answer 3

the deposit is usually the same amount as a months rent. you have to give the deposit and a months rent in advance before you move in.

Reasonable driving distance to what?

Nice areas are places like Crouch End, Muswell Hill, Forest Hill, Notting Hill, Chiswick, and of course a lot of places in the centre but they are also very expensive.

Answer 4

did  you intend to buy or rent ?  at the moment  for renting it's around a month in advance  and for a buy you will need around 10% of teh  cost of the cost.

  it easy to look up an area on gogle etc and check out local reteraunts,cafes etc .

  driving in London is a nightmare with very restrictive parking and high traffic density. not recommended at all/ Bus or tube train is best.