The Top Ten Houseshare Hotspots in London
By |Published On: 8th November 2015|

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The Top Ten Houseshare Hotspots in London

By |Published On: 8th November 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

East London has come out as the capital’s houseshare hotspot, according to a new report.

The Top Ten Houseshare Hotspots in London

The Top Ten Houseshare Hotspots in London

Landlords seeking further investment and tenants searching for a room should look to the east, where around 45% of London’s rental supply is found.

Research from found that E1 is the London postcode with the highest amount of rooms available to rent. This postcode stretches from Mile End to Aldgate, encompassing Shoreditch and Whitechapel, two zone 1 hotspots on the north-eastern edge of the City of London.

Between July and September, there were more than 10,000 advertisements for rooms in these areas listed on SpareRoom, with prices ranging from £455-£1,049 per month.

Rents are as varied in E14, which has the second highest supply of rental rooms. Including Canary Wharf and the Docklands, almost 9,000 rooms were listed in this postcode during the same period, costing from £425-£1,144 a month. Canary Wharf’s surrounding district is being regenerated into a residential hub, with thousands of new homes, shops and schools and a new high-speed Crossrail station, to open in 2018.

As less than five people are seeking each room available in these postcodes, the supply-demand ratio is also the lowest in these two parts of London.

Director of the flat and house share website, Matt Hutchinson, comments on the data: “Those struggling to find rooms to rent in flat and house shares would be mad not to consider east London. The east has been the most regenerated area in recent years, so there are lots of new build flats, rather than the low-rise Victorian housing you’ll find in other areas.

“Demand outstrips supply across London, so haggling on your rent is risky. But it’s certainly more of an option where supply is higher and demand is lower than elsewhere, such as E1. Good references from previous landlords will help, too.”1

The N1 postcode in north London, including Angel, Islington and Canonbury, has the most rooms available. Between July and September, 2,900 rooms were advertised, while the level of demand is also high, with up to nine people searching for each room. The average monthly rent is therefore comparatively high, at £845 per month.

In west London, Acton and Shepherd’s Bush have the highest supply of flatshare rooms available. At an average of £732 a month, Acton also has the least expensive rents of all the areas listed. It is a great place to invest, as redevelopment projects are improving the town centre.

The following areas have the least number of houseshares available. Could these be potential investment locations?

London postcodes with the lowest number of rooms to rent


Postcode Area Number of rooms

Average rent price per month

1 EC4 St Paul’s 26 £1,192
2 SW13 Barnes 33 £719
3 SW14 Mortlake 39 £693
4 E20 Olympic Park 43 £806
5 SE21 Dulwich 46 £663
6 WC2 Strand/Holborn 50 £1,053
7 N18 Upper Edmonton 52 £576
8 EC2 Bishopsgate/Cheapside 60 £940
9 SE19 Crystal Palace 64 £585
10 SE27 West Norwood 72 £607

For tenants, the following places are the cheapest to rent in the capital.

The cheapest areas to rent in London


Postcode Area

Average rent price per month

1 SE18 Plumstead/Woolwich £537
2 E12 Manor Park £537
3 E6 East Ham £542
4 SE7 Charlton £542
5 SE9 Eltham £550
6 SE2 Abbey Wood £550
7 E4 Chingford £559
8 SE12 Lewisham £559
9 SE20 Penge £559
10 E7 Forest Gate £563

And the most expensive spots in the capital are as follows:

The most expensive areas to rent in London


Postcode Area

Average rent price per month

1 EC4 St Paul’s £1,192
2 SW7 South Kensington/Knightsbridge £1,153
3 WC2 Strand/Holborn £1,053
4 SW3 Chelsea £1,049
5 SW10 West Brompton/Chelsea £1,001
6 SW1 Westminster/Belgravia/Pimlico £1,001
7 W1 West End/Soho £997
8 W8 Holland Park £984
9 W2 Bayswater/Paddington £984
10 SW5 Earl’s Court/West Brompton £953


About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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