Is £667.25 pcm expensive for rent?
Hey guys - I need advice.
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
Original post by Buzzing_Bee225
Hey guys - I need advice.
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
Hey there,
Ultimately it depends on other prices in the area and what each of you can afford. I'm in my final year of university now, so I know the struggle of finding somewhere to live all too well.
I'd recommend making a spreadsheet to lay out all the information in front of you. For the whole 51 weeks, note down:
- Your outgoings
-- Rent
-- Monthly subscriptions (Spotify, Amazon Prime etc.)
-- Bills that aren't included by your rent
-- Contents Insurance (if applicable)
- Your Income
-- Student Loan
-- Part-time Work
-- Any other sources of income
From there, your (sum income - sum outgoings) is how much money you have to live for the rest of the year. This has to cover:
- Food
- Social events
- Savings
- A house deposit for next year
- Clothes
- etc.
Make sure you over-estimate for this. Under-spending compared to your targets is a good thing - you can put in savings or treat yourself. Over-spending is not ideal, you'll end up in your overdraft, be stressed etc.
If you can't afford the rent that your mates are suggesting, let them know and tell them what you would be able to afford (use your spreadsheet for this!). With any luck, they'll be understanding at start looking at properties at a price range that works for you. Odds are that they may not have done this same calculation, or they just have different income/outgoings to you.
Hope this helps, best of luck!
~ Mikael, UoP Student Rep
Original post by Buzzing_Bee225
Hey guys - I need advice.
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
So I found a house with my mates (6 of us in total) in Brighton near the big Aldi - which everyone wants. But the price. We're there for 51 weeks, so it's probably £8000+ in total, AND we have to pay for travel costs bc we are going to the University of Sussex.
The house is newly refurbished, has sinks in all the rooms, three bathrooms, a garden and bedrooms that are double beds and pretty spacious. With bills included, is the house worth it? First time renting a house and I have no clue about properties and prices.
I have another friend, from the same uni and they found a place smaller but similar to ours and is going to pay SO MUCH less. Although their location isn't as good as the place I found.
Should I talk to my flatmates before we sign the contract?
Look at comparable housing, you should be able to go on rightmove and see how your house stacks up versus the market.
Quick Reply
Related discussions
- Looking for one extra housemate in Brighton
- UNI: Would you live in:
- Renting requirements?
- House, flat share central London??
- bills
- Is there a housing crisis in Durham?
- 2 Flatmates needed for Central London Accom near UCL
- Tenancy Takeover Fallowfield Manchester Student Housinf
- Double room available - South west London
- KCL Accom Takeover
- 2 housemates needed- KINGSTON UNIVERSITY
- Muslim apprentice looking for Accommodation in Cambridge
- Student accommodation next year (2024 September)
- Room for Rent - Muslim Girl - Banstead, Surrey - Ground Floor Own Access - Double
- Which phone should I buy?
- buddy up for student flat share London
- Muslim student looking for accomodation in Cambridge
- Staying at home for University
- Rent
- Looking for a room in Salford/Manchester area [SORTED]
Latest
Trending
Last reply 5 days ago
How many people in a flat in uni accomodation is too many?Last reply 1 week ago
Can i leave my things at uni accomodations during summer?Last reply 1 week ago
Discounted en-suite room in Stratford One 5Jun-14Sep 265pw near LMA, UAL, UCL, QMULLast reply 3 weeks ago
Sheffield Accomodation - Studios at Wimberry, Windgather and KinderTrending
Last reply 5 days ago
How many people in a flat in uni accomodation is too many?Last reply 1 week ago
Can i leave my things at uni accomodations during summer?Last reply 1 week ago
Discounted en-suite room in Stratford One 5Jun-14Sep 265pw near LMA, UAL, UCL, QMULLast reply 3 weeks ago
Sheffield Accomodation - Studios at Wimberry, Windgather and Kinder
