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£700 per month to rent flat, all bills included except electricity. Thoughts?
It's a very nice one bedroom flat, near to the seafront, £700 a month, but the only problem is, there's no electricity. All the bloody flats I can just about afford, seem to have bills included, but no electricity. Is this the norm for flats with all bills included? How much would average cost of electricity be for a one bed flat? I know that's probably a difficult question to answer, but any rough ideas?
Anyway, thoughts on price of flat? I am earning just over £1000 per month. Yes, I know it's tight, but I really need to move out and get my own place, and I do not know anyone who I could share with to cut costs, and I don't really want to share a house with a buncb of strangers again, as it drove me just as insane as it is sometimes while living with my pops.
Anyway, thoughts on price of flat? I am earning just over £1000 per month. Yes, I know it's tight, but I really need to move out and get my own place, and I do not know anyone who I could share with to cut costs, and I don't really want to share a house with a buncb of strangers again, as it drove me just as insane as it is sometimes while living with my pops.
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edit: you might be eligible for housing benefit, that`s worth looking into.
Best of luck.
Quite cheap there? Wow! I still think it's quite expensive, but then I guess when you factor in all bills included (though, electric is a big deal) then it's not too bad.
Well, most flats around here are pretty grim and the upkeep is poor on the majority of them, but they still cost around £400-£500 per month, not including bills.
I kind of feel that this might be too good to be true, especially looking at how nice the interior of the flat is. I know electric costs will bump up the price, which is obviously a big issue.
Hmmm, I don't know. I would have around £400 of disposable income left after rent (that's guesstimating that electricity would cost a max of £100 a month).
Are other bills such as council tax, water, etc included.
You REALLY need to write down a budget. Moneysavingexperts have an excellent template with over 100 categories that you need to think about.
http://www.moneysavingexpert.com/banking/Budget-planning#bplanner
I have never come across landlords who rent out apartments like that though before, but there is always a first time.
It does not leave you with much money left over for other things like TV licence, broadband, mobile phone charges, phone line, travel expenses, going out money, clothes and food.
Take the flat and then change your energy supplier to npower.
They are in such a mess with their billing system that they won't be able to send you a bill!
What's the service charge?
how did you come to that?
1000 - 700 - 100 = 200 per month disposable income.
£200 per month on food, travel, etc is very tight
You can't afford it.
What part of the country is this in? £700 a month will get you a 3 or 4 bed house in some areas.
Would the flat be yours for as long as you like? You would barely be able to save for a deposit on another flat should the owner decide they no longer want to rent it out.
No, I don't get exactly £1000 per month. I get a little over £1200. I added the £100 to that number as the maximum amount I would pay for electricity. Because electricity isn't included in the bills. I don't know what bills are included exactly as it doesn't state on the page. I would presume that the bills included the basic utilies.
If I were in your position I'd suck it up and rent a room somewhere, and save for a deposit on a mortgage. You won't be saving jack shit out of your £500 a month.
I live in Essex. I did rent a room for a short while, but the area was horrible and the people were unsavoury. There really aren't many good places around this area to rent, and the tenants are usually druggies or just not nice. It would help if I knew some people who wanted to move out and share, but I don't know anyone who wants to, or can afford to do that.
If the £700 includes water, council tax, tv licence, internet then go for it. If not, you may want to aim for somewhere a shade cheaper - plenty of time to live on the waterfront once you've saved up a bit.
Ok that is more doable but please remember that if you take this flat then any ideas of buying your own place or going to uni is NOT going to happen.
You will find that saving will be pretty much impossible.
As mentioned in your previous threads, you have a crappy job so if you rent this flat then be prepared to work that crappy job for many many years to come as you will find yourself in a stuck in a rut. Not having the skills to get a better job, but not having the money to improve your education or skills either.
We did advise before to improve your education and experience first before finding a better job and THEN move out. But if you move out first then it will be near impossible to better yourself. Your choice.
Have a look at
Www.spareroom.com
UK.easyroommate.com
Www.houseshare.com
If you don't have much money then its better to be sharing a nice big house with others than a tiny place on your own.
In most parts of the country £700 for a one bed flat would be excessive - in London it would be a bargain!