Donate SIGN UP

affordable?

Avatar Image
samt1985 | 12:10 Fri 26th Sep 2008 | Property
4 Answers
I'm looking into renting a house with my partner, its a 2 bedroom in the norwich area, rent is �550 a month excluding bills. We have a joint income of around �1900 on average a month. Honestly, will we be able to afford this move? thinking about monthly bills etc. also anyone got any rough ideas on average monthly bills (i know it depends on the household and the individual) any help would be great! thanks!
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by samt1985. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Is the �1900 after all stoppages?

Council tax �100
Gas/ Electric �80
Water Rates �30
Phone/internet �25
Contents insurance �20
Tv licence = �12
That makes 'essential bills' to be in the region of �250 per month - this is very approximate, but a lot you can find out beforehand, such as council tax and water rates.

So your monthly spend is now �800, plus other essentials: travel costs and food and personal spending on clothes and so on.



not sure what the council take is where youre looking but in swaffham its approx �100 a month.
what sort of heating has it got, economy 7 can be expensive and if an older property without double glazing could cost more to heat.

Yes I would say you would be fine, judged on myself and other friends who have similar incomes and mortgages/rent!

Estimating your bills at �250 per month, plus your rent gives you �800 so you'll still have over �1000 each month to spend on food petrol and any other outgoings!
Question Author
1900 is after stoppages. we're looking in the dussindale area and it has gas central heating with double glazed windows and doors.

1 to 4 of 4rss feed

Do you know the answer?

affordable?

Answer Question >>