Based on our income and point of life - mid 20s and no where near ready to settle down. Would you move to the more expensive rental? Trying to plan the next couple of years. We need to move flats.
Year 1: Take home is £7k a month.
Year 2: Take home is £12k a month.
Year 1: Rent would be £2,000 a month for a one bed. £2,750 a month for a two bed.
Year 2: Rent would be £2,100 a month for one bed and £2,750 a month for two bed.
One bed flat is too small for a proper desk. The two bed flat has a much shorter commute.
Would you move to a one bed or two bed in Year 1? or would you rent the one bed accepting you'd have to move again in a year.
The two bed would be big enough not to have to move for several years.