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Saturday 09 April 2016 1:45 pm

Tube map shows most unaffordable areas to rent in London

By: Jessica Morris

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Everybody knows that renting in London is really, really expensive. But which areas require city-dwellers to cough up the most cash?

The answer is most places, according to a tube map drawn up by housing charity Shelter which lumps areas into three categories – "unaffordable", "difficult to afford," and affordable."

So it will come as no surprise that the areas surrounding 171 stations out of 270 were deemed too expensive for the capital's army of renters.

Read more: The surest sign yet London's ultra-high-end homes are losing their sparkle?

The Waterloo & City line running between Waterloo and Bank was deemed completely unaffordable. So was the Picadilly Line which includes Knightsbridge, Covent Garden and Russell Square.

Another 171 stations were termed "difficult" to rent in, with just 15 being "affordable".

"Of the 270 stations on London’s Underground network only 15 are in areas where private renting can be considered genuinely affordable.

A Shelter spokeswoman said: “We created our Tube map of affordability because it’s becoming increasingly unaffordable to rent in London."

Read more: How much you need to earn to live in every London postcode

“The idea behind this map is to highlight the scale of the problem by closing stations in areas no longer affordable to the average renter."

“Of the 270 stations on London’s Underground network only 15 are in areas where private renting can be considered genuinely affordable."

“With more than one in four people in London now private renting, this can't go on. And it's why, ahead of the mayoral election on May 5, we're asking Londoners to join us in ensuring the new Mayor commits to fixing renting in the city because they will be in a position to make change.”

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