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Spotahome analyses rental affordability and job availability in London

Em Morley - October 9, 2020

Greenwich and Waltham Forest are currently the best London options for renters looking for a mix of rental affordability and job prospects, according to international rental marketplace Spotahome.

It analysed data on current job opportunities within five miles of each London borough. On average, it found that there are currently 11,280 jobs per borough.

There is, however, a far higher level of job opportunities in 11 boroughs, where you can currently find between 25,740 and 29,631.

Spotahome found Westminster to have the most job opportunities on offer, with almost 30,000 within five miles of the borough.

Lambeth also ranks high with 29,546 current roles available, along with the City of London (29,045), Camden (28,875) and Islington (28,788). 

However, due to their largely central locations, 10 of the 11 boroughs with the most job opportunities within five miles are also home to an average rent above that of the London average. 

Both Waltham Forest (26,490) and Greenwich (25,740) have a considerable level of available job roles within five miles of each borough. With an average rent of £1,476, Greenwich is only marginally higher than the London average, while Waltham Forest comes in 7% more affordable at £1.352.  

UK and Ireland Country Manager of Spotahome, Nadia Butt, commented: “Despite a Government U-turn on returning to our physical workplaces, many tenants heading to the capital continue to be motivated by the availability of work and the ability to rent within a commutable distance to their workplace. 

“As with most aspects of living in London, a higher level of job opportunities within a short distance does command a higher level of rent, however, for those that do their research this doesn’t have to be the case. 

“Both Greenwich and Waltham Forest offer everything you could want when renting in London. Both boroughs are home to relatively affordable rental prices, an abundance of green space, social amenities and great transport links.

“In what are currently tough times for those searching for a job, they also offer the greatest wealth of employment opportunities within a five miles radius.” 

Table shows the current level of job opportunities advertised within five miles of each borough and the current average rent
London BoroughCurrent job opportunities within 5 milesAverage rent per month
Havering552£1,169
Enfield975£1,292
Barnet985£1,499
Bromley1,221£1,307
Bexley1,307£1,092
Hillingdon1,449£1,200
Barking and Dagenham1,520£1,208
Redbridge1,711£1,311
Harrow2,027£1,387
Croydon2,108£1,140
Sutton2,223£1,151
Merton2,313£1,640
Hounslow2,467£1,352
Kingston upon Thames2,706£1,306
Newham3,540£1,453
Lewisham3,606£1,316
Brent4,313£1,502
Richmond upon Thames4,560£1,835
Ealing4,752£1,569
Wandsworth5,724£1,958
Hammersmith and Fulham6,594£2,117
Kensington and Chelsea6,989£3,023
Greenwich25,740£1,476
Waltham Forest26,490£1,352
Southwark26,925£1,718
Hackney27,588£1,842
Haringey27,652£1,669
Tower Hamlets28,328£1,835
Islington28,788£2,003
Camden28,875£2,302
City of London29,045£2,274
Lambeth29,546£1,908
Westminster29,631£3,046
London Average11,280£1,450
Data SourcesIndeedONS