Is 990/month rent too high?

[sjd1995]

Hi there, just wanting some opinions with no judgement please.

Currently earning £28k salary, wanting to rent my first apartment as my mum doesn’t work so paying a lot of bills and food etc.

The 1 bed apartment I’m in love with is in Leeds centre and comes with a lot of perks:

• free Yorkshire travel pass
• on-site free gym
• fully furnished but freedom to decorate
• weekly cleaner (I could do without)
• free super fast broadband
• common areas, study areas & rooftop terrace

I don’t have any significant debts (less than £1000) and currently have just shy of £10k for a house deposit so I wouldn't need to save huge amounts every month.

I don’t have a car (and wouldn’t need one), I don’t plan on having children and hopefully getting a raise to £31k in the next 12-18 months.

When I say the decor and finish on the apartment is absolutely stunning and I’m obsessed. I feel like I deserve it but just not sure about price and income! Please be gentle, TIA.

@MonkeyPuddle

www.rightmove.co.uk/properties/112118333#/?channel=RES_LET This one is nice, part furnished, bang in town.

Agree this is worth a look as it would leave you with a bit extra

I wouldn’t go for this.

I think it’s too expensive in terms if your income, plus you are saving for a deposit and want to max the savings, which means looking for lower rent. It doesn’t matter that you’ve already saved a good chunk (well done) but instead, that you put yourself in a position to save as much as you can as quickly as possible……within reason of course.

I can see you want to move out. No problem. Get beyond this ‘I deserve the swanky apartment’…..this is meaningless and an advertising line designed to lure us to things we cannot afford. There is no ‘deserve’ about it…we have to live where we can afford. There will be lots of perfectly nice and decent places for far less than this.

All the ‘added extras’ are things you are paying for in the rent, and paying more than you’d pay if you bought individually. A property like like isn’t really for someone saving for a first home and squirrelling away the deposit money. This doesn’t mean you have to live in a dump, but no need for champagne lifestyle at the moment. To be honest it’s not affordable.

Moving out is a great idea. You definitely need to.
Leeds city centre is the best place I have lived. But my recommend is keep the rent down a bit more so you can both save plenty and also enjoy city life.

I have never regretted living in tiny flats in my renting years, it enabled me to buy far sooner.

Every young person should splurge on something stupid to get it out of their system.
With that in mind I suggest you take the flat. See how you like having 50% of your income go to living costs alone.
This is not sarcasm btw it’s genuine. You have enough money to cover the cost of moving In and out again. As the flat’s furnished you won’t have much to move anyway.

Go on, do it. You’re only young once :)

*also to add I don’t mean something stupid btw I meant something that’s not entirely sensible but you really, really want it.

i spent my entire Christmas bonus on a dance pole 😇

As long as you’re not in danger of losing your job or locked into anything long term… nothing bad will actually happen