Studio Flats To Rent in East London- Ideal for Starting-Out, Students, and Young Workers
Studio apartments have been on the rise in recent times. You observe them in every chief city. But why is that? Why would people want to live in a studio flat or apartment, and what makes it so tempting to investors? Let’s begin by answering a few crucial questions about studio flats to rent in East London.
A studio tenant typically belongs to the emerging working class. They need affordable, contemporary, stylish, and manageable properties, something that developers have been swift to address. In the past few years, studios have been gaining popularity in metro cities all over the UK. The number of new properties currently being built in England soared 31% in just 1 year period. However, despite the growth in both closes and starts, new construction remains far from pre-recession heights.
Why have Studios become a Preferred Choice?
Most property developers include a definite number of studio apartments in their projects since these are typically the first to be bought and, thus, generate immediate working capital for them.
Should you invest in a Studio Apartment?
This depends on your requirements. Studios are best for students, singletons, or couples that are looking to purchase for themselves or their acquaintances.
Most individuals who have just begun their first job out of university or young couples that have freshly got married can’t afford to purchase big apartments, particularly in metro cities, where housing is expensive even if you rent it, go the Studio route. Additionally, people’s needs and perceptions have transformed. Utilities and commuting have become more costly. People now want contemporary flats that they don’t have to keep fixing, that are more economically- and environmentally-friendly, near to city centres and the lifestyle those city centres bring.
Starting-Out, Students, and Young Workers
If you belong to one of the groups stated above, a studio apartment is a good option, especially if you spend most of your time at work. It’s even better if you can buy one near your workplace as it will help you save on transportation expenses. Typically, young people want to stay in a low-expense place and sell it when you move to a different location for work.
Studios also seem appropriate for parents whose children are pursuing higher education degrees in Universities and may otherwise have to stay in a hostel, shared house, dorm, or someplace far from their college.
The advantages include the following:
- Enhanced security (provided it isn’t a ground or basement floor apartment)
- Community living with adequate social contacts and the companionship of neighbours
- A host of sports and leisure facilities may be offered
- Reduced property taxes compared to detached homes
- Communal serviced lawns, gardens, and pool maintenance if available
- Easy and cheap maintenance
- Lower running costs than a house
- Lesser responsibilities than with a house
- The ability to live in a locality where owning a property would be expensive, such as the city centre
- Higher rental income
- A more straightforward step onto the property ladder
- Typically has no Stamp Duty, based on price
- Cool use of space
So as a rapid recap, studios are great for anyone starting out in property investment, for students, and generally for working class.
Discover the Perfect Studio Flats to Rent in East London with City Realtor
At City Realtor, our aim is to offer you the finest studio flats in East London at the best possible prices. We have a variety of options for all types of clients. Choose from a carefully curated list of single bedroom, double bedroom, and three-bedroom luxury studio apartments. Our team of real estate experts strive hard to meet your expectations and make sure that you get nothing but the best studio apartments in East London to choose from at the right price.
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