Private rental prices in Brixton continue to be set at eye-watering levels.
The firm wants £2,600 a month – £600 a week – for the property.
Rival estate agent Marcus Barnard said earlier this year that London landlords had increased rents by an average of 8% a year after the supply of property available to tenants fell 17% and that in the city there are 8.5 applicants to every property available to rent, up from 5.3 12 months before.
Foxtons says property prices in Brixton have risen by 11.3% over the last year.
Its website boasts that it has let
- A one-bed flat on Ferndale Road for £1,500 a month
- A one-bed flat in Belvedere Place off Acre Lane for £1,450 a month
- A three-bed flat in Hargwyne Street, SW9, for £2,400 a month.
It says the average weekly rental in Brixton is now £554, which is 23.2% below the average rent in London of £721 a week.
If you have just won the Lottery, Foxtons has a five-bedroom house in Stockwell for £1,142 a week – £4,950 a month or about £60,000 a year.
If you can find £1,000 a month for a studio flat in Electric Avenue, you will also have to stump up a deposit of £1,385 and an “administration fee” of £420 which, Foxtons reassures you, includes VAT.
For Foxtons, £1,000 a month is almost as low as it goes. The firm has just one rental property on its website at less than that – a £925-a-month studio flat on Electric Avenue – which it says was let recently.
If you want to sleep in a car, you are unlucky. The estate agent recently let a parking space on New Park Road, Brixton Hill, for £90 a month – just over £20 a week.
The rentbarometer website lists average weekly rentals sought by estate agents for a one-bedroom flat in Brixton as between £306 (Black Katz) and £348 (Haart). Its figures are based on prices recorded over the previous six months.