Why Affordable Co-Living in London is Now Critical
Co-living has gained a lot of attention lately. While there are pros and cons to the co-living lifestyle, it’s no surprise that many people are embracing this new way of living, especially in cities like London.
London's property prices are some of the highest in the world and it is getting harder and harder for people to get on the housing ladder. The city has become a victim of its own success, attracting businesses and professionals from around the world, who have driven up demand for already limited space.
“The average cost of buying a flat in London is around £814,000 while renting is around £2,760 per month- making it one of the most expensive cities in the UK and Europe. The rate exceeds the global average by over 350%”
Is co-living in London the best solution to this problem? Yes, co-living could help ease London's housing problem, while improving the standard of living.
Let’s take a look at how affordable co-living is helping people in London find community, security and an improved lifestyle.
Co-Living 101
At its core, co-living is about community. It’s about living with others in a shared space and experiencing the benefits of a home away from home. Co-living is a flexible way to live that allows you to choose how much privacy or community you’re after.
The idea is to combine private suites with shared living spaces to create affordable accommodation that carries a variety of benefits. The co-living approach allows real estate developers and agencies to offer larger communal spaces like kitchens, living /dining rooms, gardens, and workspaces to tenants who rent private rooms at a lower cost than traditional rental properties.
Co-Living isn’t a glorified dorm room or hostel. It’s geared towards professionals who want a like-minded community, privacy, respect and convenience. Therefore, it’s important to choose a co-living house based on the community and management team.
Finding the best co-living spaces London
If you’re looking for an authentic London co-living experience, places like Redwood Co-Living should be at the top of your list.
About Redwood Co-Living London
Redwood Co-Living manages a portfolio of properties throughout London. The idea is to create a new standard of co-living across the UK.
Founded in 2018, Redwood Co-Living specialises in placing students, recent graduates, professionals and corporate tenants in high quality, shared housing.
All homes have 24/7 management and include regular inspections, maintenance, cleaning and gardening.
How much does it cost? Co-Living Prices
London is renowned for being one of the most expensive cities in the UK to live in. To co-live in London, however, provides a more affordable alternative. From as little as £115 per week, you can have your own fully furnished room with study space, en-suite bathroom, plenty of storage - and access to all the communal spaces of the co-living house.
What’s included in co-living fees?
Fees vary depending on the location and number of people sharing the house but generally include some additional services such as utilities (water/electricity/gas), cleaning and internet connection.
All-inclusive co-living at Redwood includes:
Clean, refurbished accommodation
A private fully furnished spacious room (double bed, wardrobe, desk, chair and side unit)
High speed WiFi (150 – 300mbps)
24-hour emergency call-out service
Digital tenant portal
All bills and fortnightly cleaning of communal areas included
Why do people choose co-living?
Co-living has numerous benefits, but affordability, convenience, and community are among the most compelling. Especially when additional costs like furniture and utilities are considered, sharing a home is a lot cheaper than renting a private studio or one-bedroom apartment.
The future of co-living / co-working
The idea of living with other people in a shared space is not new. In fact, it has been around for centuries, but recently the concept of co-living has become more popular as an alternative to traditional living arrangements.
Co-living spaces are also becoming popular in major cities around the world because they offer a way to work and connect with others while remaining cost-efficient and flexible.
Co-Living has become an industry in itself and this has many additional benefits. When you put market leaders in charge of managing and making a success of your home, you can be sure it will be.
Final thoughts
In many ways, co-living is the future of accommodation in London. It’s a flexible housing option that fosters community and doesn’t break the bank. With multiple Co-Living Properties around central London, you’re bound to find something to suit your needs with Redwood Co-Living.
