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Interested in paying £1 per month rent?

It’s possible to live in the capital for just £1 per month, according to the flatshare and houseshare website EasyRoommate.

London’s rental values have demonstrated a dramatic increase in recent years, leaving renters out of pocket. An average double room in the capital currently sets back renters almost £700 per month, in addition to bills, travel and living expenses.

However, EasyRoommate offer an alternative way to live via their website. On their site they advertise properties, some rent-free or for a small sum, and in exchange the renter provides a specific service which the landlord requires. 

It’s a popular trend, with services ranging from completing chores, giving language lessons, or simply looking after the house pet. In Stratford, East London, a property listed containing 5 bedrooms, 2 bathrooms, Wifi and a garden was available for the sum of just £1 per month.

In exchange, the landlord specified that in return for the £1 rent of a double room, he would require the renter to be an IT or Business graduate to assist him with his “web and mobile development skills.”

With this property, bills and other expenses aren’t included, but its appealing prime London location means someone is able to live in a London property without having to fork out extortionate amounts of rent. For those who choose to go down this path, they’re set to save £7,200 each year.

Although a great way to save money, it has its downfalls, and EasyRoommate advise you to proceed with caution. Some landlords use this opportunity to take advantage of desperate renters and expect more than what you’re willing to provide.

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