A flat in London is NZ$591 per month cheaper than the median New Zealand rent

This apartment in London is currently for rent for $1835.75 per calendar month.

FOXTONS/Supplied

This apartment in London is currently for rent for $1835.75 per calendar month.

What’s 10 square feet, costs $1835.75 a month, and is kind of like sleeping in a bathroom? Well, it’s a house in London, of course.

According to Underground’s scathing apartment review, this home in Baron’s Court, an upscale suburb halfway between Hammersmith and West Kensington in south-west London, measures just 3.73 by 2.95 meters meters, roughly the size of a garden shed. It has a small kitchenette and easy access to a private shower – you can just roll out of bed in it – but no toilet.

The apartment, rented by the British agency Foxtons, costs £216.92 per week, or £940 pcm; that’s NZ$419.63 per week or NZ$1,835.75 per month. A bonus: there is no deposit or bond; instead, tenants sign an agreement to pay for any damages at the end of the tenancy.

As small as it is, the shoebox apartment is NZ$591 per month cheaper than the median rent in New Zealand in 2022.

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In November 2021, TradeMe reported that rents in New Zealand were at “record highs” and predicted bigger increases to come in 2022. The national median weekly rent listed on the site during the month was $560, up 8% compared to the same period of the year. earlier.

That makes a median rent per calendar month of $2,427.

The bed is next to the kitchenette in the London apartment.  The only kitchen equipment is the microwave.

FOXTONS/Supplied

The bed is next to the kitchenette in the London apartment. The only kitchen equipment is the microwave.

North Shore and Porirua, in Auckland and Wellington, respectively, had the highest median weekly rents, at $650. New records were set at Bay of Plenty ($520), Gisborne ($570), Manawatū/Whanganui ($480) and Marlborough ($485).

In Canterbury and Northland, the median asking rent increased by 10% compared to 2020. In Hawke’s Bay, it increased by 13%.

Auckland’s median rent remained at $600 a week. In the city center, prices rose 7% year-on-year.

In January 2022, Stats NZ showed that rents had already increased by around 3.6%, with some new rentals in January registering a 5.5% increase.

In New Zealand, properties must meet certain criteria to be suitable for rental.

The London apartment is adjacent to some of the city's most exclusive neighborhoods.

FOXTONS/Supplied

The London apartment is adjacent to some of the city’s most exclusive neighborhoods.

They include a kitchen or kitchenette with a sink and a tap connected to drinking water; a bathroom with bath or shower, running hot water and toilets, connected to an adequate drainage system; and artificial lights and windows in every room.

Although the London apartment does not have a toilet inside the bedroom, it does have access to a shared toilet, similar to many UK studios and studios.

In New Zealand, however, accommodation for a single person to rent must be at least 11m², while accommodation suitable for a couple must be at least 14m², and in both cases the property must have a kitchen. or a separate kitchenette, which means the London apartment probably wouldn’t meet the criteria for a rental here.

Tiny, shabby apartments are common in London.

Provided

Tiny, shabby apartments are common in London.

At 10m², it’s still far from being the smallest apartment to rent on London’s overheated rental market.

In January, an apartment is put on the market with a single bed, less than half a meter from the sink, comprising a half room which had been subdivided.

In 2020 an apartment came on the market that seemed innovative and spacious by comparison, with the bed on a loft platform above the kitchenette and washing machine.

In the same year, a London apartment with an in-room shower went on sale for just under $400,000, making the 2022 shower apartment look like a mansion.