A recent poll of over 3,000 21 to 35-year-olds has revealed that the annual travel costs for renters are 59% lower than those who are homeowners, with almost half (49%) agreeing they would pay more to live in a central location as this would reduce their commuting costs. London renters Cameron Bourne (25) and Katie Boughton (24) did just that. Having recently moved to Folio London’s award-winning Porters Edge at Water Yards, in the well-connected setting of Canada Water, they successfully managed to reduce their daily commute whilst enjoying a thriving Zone 2 location overlooking a freshwater lake in the heart of the capital.
Investment Analyst Cameron explains: “We had both been renting with friends separately, in Westferry and Barnes. Having been together eight years we decided to rent jointly and actually see if we could live together! I work in the City at The Gherkin and Katie works in Old Street, we didn’t want to be too far away from work or spend a lot of time commuting, so we narrowed our search area down to south-east London around Wapping, Canada Water and Rotherhithe.”
Gym Studio Manager Katie continues: “From the start we were pretty open-minded and happy to consider our options. We began looking on spareroom.co.uk, we viewed a few places but nothing we both liked. We then found out about Porters Edge via Rightmove. We honestly hadn’t ever considered a build-to-rent property, we naively assumed it would be quite difficult to be accepted for a property like this, and also probably out of our price range. We made a few enquiries and arranged to view. Once we had seen the development, we both knew it was what we wanted. We have some fantastic amenities included and we loved the fact that it was brand new and no one else had lived in it before us – something we thought you couldn’t have when you rent. Our apartment is ten times better than anything else we had looked at – it definitely exceeded all our expectations!”
Katie continues: “Both our commutes have vastly improved now we are living at Porters Edge. My journey to work has been more than halved, and now I am travelling from Zone 2 instead of 3, meaning I am also saving money – which is amazing! I now only need to use the overground and it’s just one journey to get to work, I don’t have to negotiate changing from underground to overground anymore. For Cam, it’s just two stops on the Jubilee Line, and then a nice walk across London Bridge – so easy and straightforward.”
Cameron explains: “When we were considering where we wanted to live, it was a really important factor that we both didn’t end up spending a lot of our time commuting. The transport links at Porters Edge are excellent and it became a deciding factor. It’s great knowing that we don’t have to get up that extra bit earlier, or get home that much later just because of where we live. The amount of time you spend travelling around town really does impact your day. Even when we go to see our families down in Kent, we can jump on the Jubilee Line to London Bridge and then onwards to Kent – really couldn’t be any easier.”
Katie continues: “We have a one-bedroom apartment on the fourth floor and our rent is
£1,835pcm. Porters Edge is at the top of our monthly budget but we really love the development, and when you take into account what we have included, as well as being in such a central location – we wouldn’t have found anything else like this within budget. We have floor to ceiling height windows with some great views over Canada Water. The flat I used to live in was quite small and dark and felt very enclosed, our apartment here feels so much more spacious and brighter and we absolutely love our kitchen. We also have a furniture pack included with our apartment. When you leave a rented property you often come away with very little to initially fill your new home, so it could have worked out really expensive for us to have to buy important items such as a new bed, sofa, chairs and table – so this was a great saving too.”
Cameron continues: “The whole build has been done very well, its very smart. The amenities we have at Porters Edge are great – we have a coffee shop downstairs, a resident’s lounge with free Wi-Fi and a gym – which we have both signed up to and done our inductions, so we don’t have the added expense or hassle of going to a gym elsewhere. One of the really great things which we have never ever had before, is a concierge service! It’s brilliant knowing that you have someone who can help anytime of the day or night, and take delivery of parcels when you’re not home - it’s first class. We love the roof top gardens, unfortunately we just missed the lovely summer weather when we moved in so haven’t quite made full use of it yet. There is also a sports facility and football pitch above the Decathlon sports store next door which we can rent out – once the warmer weather comes around again we will definitely be making use of that.”
Katie explains: “We haven’t managed to explore very much yet, but from what we have seen there are some really lovely places nearby. Southwark Park is close by which is really nice. There are some lovely little coffee shops to go to and we also love Leadbelly’s! It’s a nice bar that serves some great food and is just a few seconds walk away. More importantly though, there are all kinds of different people living here, from people like us, young couples and also families – it’s really nice to see.”
Speaking of their future plans, Cameron says: “We will definitely be staying here atleast a few years so that we can take some time to consider what we would like to do next. We would eventually like to buy somewhere but we are in no rush to leave Porters Edge and I see us staying here until we are both ready to take the next step.
Renting here offers us the convenience and flexibility that we need at the moment and it suits our lifestyles. The Folio London team have been fantastic. They have kept in contact with us throughout the whole process and anytime we have had a query, they were always very quick to respond and it was very reassuring to know they were working hard on our behalf. We will definitely be recommending Folio to our friends and family.”
Folio London is the private rental arm of Notting Hill Housing Group, a not-for-profit organisation which has been providing homes for Londoners for over 50 years. Members of ARLA and CIH, Folio London owns and manages apartments and houses across the capital, helping renters find a home that’s right for them.
Prices for one-bedroom apartment at Porters Edge at Water Yards start from £1,750 per month, and two-bedroom apartments start from £2,250 per month. For more information on these or any of the other developments currently on offer to rent from Folio London, visit www.foliolondon.co.uk or call 020 3815 0484.