With the increasing desire to live in London, the rise of housing prices has hit an all-time high, leaving people with a lack of options for affordable accommodation. Here at LOWE Guardians, our mission is to help; so here are our top recommendations for how to rent cheap in London.
Recommendations for How to Rent Cheap in London
Whilst tenancy is the standard living option that most people will know of and experience at some point in their life, there are also a few unconventional options available that may just make all the financial difference! Here is how we know best for how to rent cheap (or at least cheaper) in London.
Become a Property Guardian
A live-in property guardian is someone who occupies a vacant building benefiting the property owner, through providing live-in security, prevention from squatters and damage and a significant reduction in empty property business rates. This option also benefits the guardian with cheaper accommodation; it’s a win-win situation! Here at LOWE, providing affordable housing for London’s young professionals, key workers and creatives is the heart of everything we do.
House-Share and Communal Living
House sharing with others and renting a room, as opposed to an entire house or flat, can provide many benefits. Firstly, and no surprise here, it will definitely be more affordable than living on your own. The rent will certainly reflect this, but also sharing amenities, splitting bills and possibly even small things such as, the cost of toilet paper, washing up liquid, shower supplies and soaps, etc can make a huge difference when you’re trying to save money. Communal living might not be your first choice, however, it holds many financial benefits and who knows, you may just make some friends for life along the way too!
Converted Shipping Containers
Not an option that is widely known, however, a trendy newer alternative to renting cheap in London now includes converted shipping containers! Originally adopted to provide homes to people unable to secure long-term and safe housing, converted industrial accommodation options such as shipping containers, has now become an effective, viable solution for many short-term renters who want to experience life in London.
At LOWE Guardians, we wanted to expand on this and increase opportunities for young, working professionals by creating valuable use out of vacant space. We teamed up with Studio Bark to create the SHED – a revolutionary and environmentally friendly solution for quality and affordable accommodation in vacant buildings. The SHED is an alternative housing option that can be built in a single day and rebuilt across a number of different sites. Our aim is to provide a safe, sustainable housing solution for workers seeking short-term accommodation; with the possibility to turn this into a popular and common alternative for living in London and helping to alleviate homelessness.
How to Live in London Affordably with our Guardianship Scheme
We understand that many people cannot afford to live in London with the ever-increasing accommodation rates causing the housing crisis. That’s why we created our property guardian scheme to help socially responsible and reliable individuals live in vacant buildings, fully fitted out and transformed into a habitable living space, at low costs. They provide landlords with an effective solution for problems that arise from owning a vacant building, whilst having the opportunity to benefit from cheaper housing in desirable London locations.
For more information on our property guardians and how to become one, please see here. Alternatively, you can contact us on +44 (0) 207 856 0171 or email us at email@example.com for anymore questions or queries on how to rent cheap in London – our team are always happy to help!