Rent and paying too much

[vz-r_dave]

Hi Guy's

As some of you may know I moved into Putney in January, I live in a two bed, en suit, balcony in a new development. It is furnished.

I always though I might be paying a little more than I should and today within the main building I see a penthouse up for rent, same size but two balcony's. This is 50 more and is inclusive of council tax. It is part of the same development, built same year etc.

Obviously I am a little pissed, so what can I do? Are there any laws on this or is it my fault for not doing enough research? I understand that markets change but to me I have only been paying rent for two months so I see this price comparison as unreasonable.

Thanks

David

[vz-r_dave]

Paying 24K a year rent makes the difference guys. This isn't the difference of 20 quid on a flight.

[vz-r_dave]

The Moose said:

It's a free market - someone advertised something that you agreed to. You never know - the person who owns the penthouse may be in desperate need for any income so is selling himself short??

Thanks for the insight, I guess it boils down to not being happy with my place.

[vz-r_dave]

philthy said:

Wow! £400 a month here, water/council tax included.

Yeah I know mate, affordable but verging on idiotic. Dont know how long I will be in the UK so there is no use in buying and London is far to pricey without a deposit.

[vz-r_dave]

davepoth said:

Powerfully built? Throw a can of Red Bull at the landlord.

No lanky streak of piss, now off to use my bike to wheel a desk two miles through Putney.

[vz-r_dave]

dvs_dave said:

+1 I suppose the place must have very big windows...

http://www.scottbrownrigg.com/our_work/historic/sir_giles_gilbert_scott_building_whitelands_park_putney/

It is a really nice development but you guys are right its not worth 2K a month. I wanted to live close in but the German GF decided that this was it. Fack

[vz-r_dave]

cheddar said:

Worst 'I own a Pulsar VZ-R, stupidly made it my username but can still afford to pay huge rent' post ever.

I don't own a car ;-)

[vz-r_dave]

GavinPearson said:

There's a simple answer for the OP - you can complain all you want but it probably won't lower the rent. You paid market price. If the penthouse flat was being offerred for a grand a month more, would you have a bargain for that block of flats? Probably. But are you paying too much for your earnings? If you're on here complaining about being skint then almost certainly.

Take it on the chin and start looking to get out of there at the earliest possible opportunity.

Far from skint, I earn enough to pay the rent and not worry about cash flow however the gripe I have is exactly as stated above 2k in Putney is pricey and I could be living closer in the city or in a penthouse for the same price.

Thanks for the advice guys, I'll do better research on my next place.

[vz-r_dave]

fido said:

To the SW15-deriders on here, £2k a month isn't a big deal for a 2-bed in Putney. It is by the riverside and has 1 (or 2 if you count East Putney) tube stations AND a train station - all in Zone 2. Okay for that money, you should also get a parking space or garage, but 24k a year is not ridiculous.

I've got underground parking, a gym, an library included also.

[vz-r_dave]

danyeates said:

Seems mad to me. I have a nice 3 bed, 3 bath house with conservatory, garage and driveway, on the coast in the New Forest, (so 2 hours from London) and my 85% mortgage is half that! I really can't understand London. I don't get the attraction, or the prices.

Also, what I really don't understand, is how average or below average income earners survive in London. How can they even afford the rent? My girlfriends family all live in London and I don't know how they do it!

But that's just it, I do get the attraction hence living and working here. As for prices of course they are high but that goes hand in hand with the wages and I am making a lot more here than I could anywhere else in the UK.

[vz-r_dave]

Deva Link said:

I'm bemused by how someone who is obviously doing pretty well for themselves can come across as so naive on financial matters such as this?

Why? I moved over from Germany and will likely be moving elsewhere in world within the next 12-18 months. What other option do I have financially?

Edited by vz-r_dave on Tuesday 27th March 22:13

[vz-r_dave]

fido said:

But what have you got to do round there? Apart from Richmond Park (garden with deer), Wimbledon Common (garden), the River Thames (conservatory), a bus ride from Wimbledon (tennis, theatre) and Kingston (shopping centre), 20 mins to Waterloo. All your transport (car aside) covered for £1100 a year. You must be mad!! [sarcasm off]

Fido it is like living in hell honestly, haha

[vz-r_dave]

Soovy said:

Sorry, your fault. You didn't drive a hard enough bargain!

Yeah learnt my lesson, renting is a different kettle of fish in Germany.

It's not that bad, it's a beautiful development, lots of green. Summer will be nice here and will possibly look to move closer to te city after the Olympics.