cost of maintaining a flat in westminster, london

2 Apr

 

london

Strange, i wrote the post but it disappeared when i posted it.So here goes again.

this is for my own reference though it might interest those curious to know how much it actually costs to live in london in a 2bdroom flat on first floor in borough of westminster, london.

Council tax for westminster for 2014-2015 £676.74

Service charge for my block and estate. £1200 a year (I pay 4% of my block charges, 0.25% of the estate charges). We dont have lifts thank goodness. 

bbc tv license £145 a year. everyone pays this if they have a colour tv.

water bill £308 a year. we share a communal water tank, so cannot instal individual water meters.

Telephone £120 a year line rental £50 a year broadbandpackage, total £170. 

Total fixed costs £2499.74 or £208.25 a month.

Not bad really considering i am living in central london in a spacious flat.

I have not included electricity charges , food bill etc, as they are variable and under each person’s control. 

Added. For really a comprehensive cost analysis, i should add the 10 yrly requirement to repair/repaint the exterior of the block of flats and that comes to about £70 a month spread out over 10yrs; (£7000 which was the cost last time it was done 2yrs ago).

added.23.4.14 the reason that prompted this post is because this month, april, i was suddenly lumped with a huge bill for these costs. the half yearly water bill, the half yearly service charge bill, the first of the monthly direct debits for the council tax bill. it totaled about £800 for this month. i can see how such sudden jump in costs can derail a person’s budget and throw them into deep debt if they are not the kind of people who save. fortunately i always save so this did not cripple me. not for the first time i am glad i am frugal and save money even if at the time there dont seem any reason for it.instead of spending it because i thought i got lots of money i am glad i did not … now i reap the reward of my frugality. 

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