The Jubilee line reaches from Stratford right through to Stanmore. It is the only route that links every other line on the network and is a vital connection for thousands of Londoners as they face the daily commute. If you work in Canary Wharf but don’t want to pay the huge price tag to live in the same area however, just moving a little further out along this line could be a big cash saver.
Moving furthest away from Canary Wharf is great for the pocket. Totallymoney.com have drawn up an interesting map of the whole tube network and the cost of rent at each stop. It is well worth a look as an overview or snapshot.
Obviously working with an agent in the area will give much more detail. When we looked at the Jubilee line we see that zone 2 is fairly expensive at £372 per week to rent a one bed apartment in Canary Wharf.
Comparatively, the least expensive option according to their map is Kingsbury at £155 per week in travel zone 4. While the rent is much cheaper here the commute is going to be a longer one. This suburb also provides little in the way of nightlife or trendy eateries for the younger renters. Nevertheless it may be worth investigating.
Cheaper Rent vs The Centre Of Things
We all want to pay less rent. Some however, prefer those extra minutes in bed and that comes at a price. What they pay in extra rent they do save in commute time. Socialising also becomes a much easier option with everything in their locality.
The reality is of course that most twenty and thirty somethings want a bit of both, save a little on rent but still have some good amenities at their disposal. There are stops a little further from the Wharf that still give great rental savings but also provide some excitement with cafes, restaurants and bars a plenty. Canning Town, Canada Water and North Greenwich are some areas that are definitely worth a look.
Working in Canary Wharf and looking for accommodation?
For more information on renting in any of these areas or to work out which area suits the budget you have, give our lettings team a call. Simply click on the links below and we will be able to help you.