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!
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!