Since I’ve recently used Rightmove a lot to search for the next place to call home, I thought it would be useful to offer you a look at what is available for £1,000 in North London and Hertfordshire.
For each area, I’ve tried to pick properties that are close to a railroad/underground station and are representative of that neighborhood in terms of price and size.
I was not surprised to notice the gradual evolution from a garage-sized studio in Zone 1 to a two bedroom house in Harpenden. One reason for the lack of affordable and decently-spaced housing in and around London can be attributed to current policies on home ownership and regeneration; this article in the Financial Times highlights that for every new house built, there are many bought or demolished which leads to an out-of-balance demand-supply ratio.
A single studio flat in Camden (Zone 1)
The northern area of Zone 1 (home to the famous Camden) doesn’t offer much. All I could find was a small studio that had an open plan kitchen. Even though the studio has wood flooring and a security entry phone, I kept feeling claustrophobia creeping in when browsing through the photos; take a look for yourselves.
- Nearest stations: Camden Town (0.4 mi), Euston (0.4 mi)
- Distance to central London: 0.4 mi
- Price for a single train trip to central London: £2.30 peak | £2.30 off-peak (5 mins); walking distance
A double studio flat in Belsize Park (Zone 2)
Going up to Zone 2 definitely opens the market although size remains an issue. The best I could do was a double room available in a large Victorian house close to Swiss Cottage. The owners claim ot have recently refurbished the place, putting in solid wood flooring, a double bed and a desk. However, occupants must be willing to share a kitchen and bathroom facilities.
- Nearest stations: Swiss Cottage (0.2 mi), Finchley Road (0.4 mi)
- Distance to central London: 2.4 mi
- Price for a single train trip to central London: £2.90 peak | £2.30 off-peak (22 mins)
A one bedroom flat in Harrow (Zone 5)
Moving further into Zone 5 territory, I discovered this well presented second floor flat located in the heart of Harrow. Accommodation comprises of a modern fitted kitchen with integrated appliances which is open to the lounge and a large bedroom which leads to a fully tiled modern three piece bathroom suite.
- Nearest station: Harrow-on-the-Hill (0.4 mi)
- Distance to central London: 11 mi
- Price for a single train trip to central London: £4.70 peak | £3.10 off-peak (42 mins)
A two bedroom apartment in Watford (Zone 7)
For those willing to venture out to Zone 7 (the last stop on the Metropolitan line), I came across this second floor two bedroom flat. In addition, the property benefits from reserved parking.
- Nearest stations: Watford Junction (0.6 mi), Watford (0.7 mi)
- Distance to central London: 17 mi
- Price for a single train trip to central London: £5.60 peak | £4.00 off-peak (32 mins)
A two bedroom flat in St Albans
If you want to live in the city ranked in the top 10 of places to live in England, £1,000 gets you a nice looking two bedroom, ground floor apartment located very close to St Albans City, the mainline train station. This unfurnished property includes a spacious hallway and lounge, a fully fitted kitchen, one double bedroom, one small double bedroom and one bathroom with a shower.
- Nearest station: St Albans (0.1 mi)
- Distance to central London: 20 mi
- Price for a single train trip to central London: £11.50 anytime (32 mins)
A two bedroom maisonette in Harpenden
Finally, for those looking to share the same postcode with Saracens rugby players, Arsenal footballers and Martin Gore from Depeche Mode, Harpenden offers a recently renovated maisonette situated on the first floor with its own entrance and garden. The property comprises a large reception room, separate kitchen, one master bedroom with built in wardrobes, and one second bedroom with built in wardrobe and family bathroom.
- Nearest station: Harpenden (1.1 mi)
- Distance to central London: 24 miles
- Price for a single train trip to central London: £13.80 anytime (1 h 6 mins)
To see what £1,000 gets you in other cities and regions around the UK, check out this article from Mashable.