Close proximity to work is often cited as a key determining factor for tenants in selecting rental accommodation. A study taken in 2018 revealed that almost 70% of tenants live within 10 miles of their workplace, with an average of 30% living within two miles.
This however does appear to be region specific; only 23% of London tenants live less than two miles from work whereas in Yorkshire and the Humber a whopping 37% live less than two miles away from the office.
On the flipside, improvements in technology and an increased ability and tendency to work from home have opened up new opportunities. As companies allow more of their employees to work remotely for all or part of the week, commuters can live in the area they’ve always wanted and journey into the office only a couple of days a week. Indeed, 10% of tenants live more than 50 miles from work and 4.9% of tenants live a staggering 200 miles away from their place of work!
If a short commute is a priority and you don’t want to be 200 miles away from your desk, check out the best properties that are close to the City below.
London City Island
London City Island is a fabulous new neighbourhood, nicknamed ‘Mini Manhattan’, comprising 12 acres of mixed use development including homes, offices, restaurants, boutique shops, pedestrian and cycle routes, waterside parks, arts and cultural spaces. Just take a quick walk across the purpose-built bridge and you’ll find yourself at Canning Town station, which offers a six-minute commute to Canary Wharf and a 24-minute journey to Bond Street.
Designed by world-renowned architects Foster + Partners, Principal Tower adds another iconic landmark to Central London. Located in between Liverpool Street and Shoreditch High Street stations, it not only offers fast links into the city but also further afield.
Sailmakers, located a stones’ throw from the centre of Canary Wharf, offers high-quality rental properties with exceptional onsite amenities and services. South Quay station is a two minute walk away and Canary Wharf station is less than a 10 minute walk away.
The Residence is a luxurious new development in Nine Elms, with one, two and three bedroom homes on offer. Many of these have views of either the river, public spaces, parks or even the new US Embassy. Alongside amazing facilities, the development is less than a 15 minute walk to Vauxhall underground and overground station, and just across the river to Chelsea and Pimlico.
21 Wapping Lane
21 Wapping Lane is the first new development to be built in the area in a decade. Complementing the area whilst adding a modern touch, the homes available have views looking across to the famous Tobacco Dock and beyond. Plus it’s only a short walk to Shadwell and Wapping stations, offering a 12-minute commute into Canary Wharf and only a four-minute DLR train to Bank.
Do you prioritise being close to work when renting? Or would you rather live further out and spend a bit longer on the trains? Let us know on Twitter!