Shall I let a flat in London as a whole or per room?

If you would like to let a flat in London – let’s say a 3 bed, you must have wondered “What shall I do? Shall I let my flat as a whole or rent it out per room?  To answer your question we have analysed the latest figures realised in May 2014 by Valuation Office Agency. We have compared the average rental price of a 3 bedroom flat with the rent of a single room for all London boroughs. The map abelow shows our conclusions.

In a nutshell, if you have a 3 bedroom flat in Kensington and Chelsea, Westminster, Richmond upon Thames,  Wandsworth, Lambeth, Tower Hamlets and Camden you are better off letting it as a whole; you might gain up to 43% more than renting each room individually.  Whereas the latter option is much more convenient in boroughs as Newham, Redbridge, Waltham Forest, Bexley, Kingston upon Thames, Barking and Dagenham and Havering.

Therefore, whether it is more convenient for you to let a flat in London as a whole or rent each room out, Mind the Flat has the right solution for you. We are creating one of the most active rental community in London. Our sophisticated systems matches our room seekers, connect them with compatible flatmates and you can let your property easily. So just advertise your property for free with us and we will do all the job for you.