London- Canary Wharf

First, let me apologize if I posted this in the wrong thread..

I start a full-time position in Canary Wharf, London in September and I am looking for a place to live. Having virtually no experience in London, I am just starting to search for a flat.

I dont want to commute more than 30 minutes to the office every day, but I am open to any options for the right price..

So how much I am looking to spend per month and which areas would be well-suited for me?

 

Hey skeipas, I'm moving to London in October -- Canary Wharf as well. PM me I'll give you some great suggestions. I'm looking at Isle of Dogs and Canada Water -- not TOO close to Canary Wharf as social life shuts down after 9, but quick enough for a 5-10 min folding bike ride.

You're looking at 400-600 pounds for a 1 bedroom share, and the price goes up from there. Many roommates--female--available too. If your firm has an alumni or Facebook group for your class, they can definitely help you.

I chose not to live anywhere near Central London b/c I'm always late, and if clients need to meet, it's at a moment's notice.

 
wolfy:
but quick enough for a 5-10 min folding bike ride.

.

Oh good God, have some self respect...

But yea, get as far West as you can, or, shock horror, go south of the river on the Jubilee line. North isn't a bad shout either, but you'll need to do some serious DD to find somewhere good.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Best Response

DO NOT LIVE IN CANARY WHARF

That is my main advice. Don't do it. Just don't. My commute door to door is 32 minutes now, luckily for me I work in the city now, and live very far west (think barons court).

When I used to work in Canary wharf it was 37 minutes from South Kensington. And 30 minutes from Baker Street. In other words: 30 minute commute is not a lot. I work in market and have to wake up super early anyways, so beat rush hour. A few of my old flatmates worked in M&A, they just took cabs back home in the evening, so 30+ does not matter, and in the morning they would sleep in the tube.

So count for more than 30 minutes. A few pointers - Don't live south of the river (some places are nice, but you are new to London so don't bother) - Live in zone 1 - Be weary of the east - Marylebone area is good for interns and first year analysts. Good flatshares. Use smallworld.net for it. If you are not a member, get one of your mate to invite you on it; best way to find an existing flatshare. - Live in a flatshare - Expect to spend anywhere between 600 (if you are lucky) to 950

Good luck, the property market is shit in London.

 

I don't know where you come from, but do not plan on cycling to work, or on a bus route. The Jubilee and Northern Lines are a joke at that hour and buses are ridiculous. Personally, find a place on the central line and commute in across that, preferably west. Alternatively (my preference being this), is to find a walking distance apartment. A friend of mine lives in Marylebone, and walks to work in Mayfair.

Also, dont forget Greenwich, you can take a boat to work quite cheaply, and it's pretty fun.

T

 
trazer985:
I don't know where you come from, but do not plan on cycling to work, or on a bus route. The Jubilee and Northern Lines are a joke at that hour and buses are ridiculous. Personally, find a place on the central line and commute in across that, preferably west. Alternatively (my preference being this), is to find a walking distance apartment. A friend of mine lives in Marylebone, and walks to work in Mayfair.

Also, dont forget Greenwich, you can take a boat to work quite cheaply, and it's pretty fun.

T

You can't moan about Jubilee Northern and then suggest Central, at least J and N have air con., Central is horrific in the muggy summer.

p.s. jealous of your mate in Marylebone

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

If you want to live nearby, then I'd suggest anywhere near the Jubilee (enjoy the heat) or DLR lines. Theres a couple of nice new buildings near Blackwall called Ontario Tower and New Providence Wharf which are either a 2 minute walk to Blackwall (then ~10 minutes on DLR to Canary Wharf) or a 15 minute walk to Canada Square itself. You WILL be paying a lot though.

I would avoid places like Southwark, London Bridge or near Waterloo even though they are near the Jubliee Line; only area south of the river to consider would be Greenwich or Canada Water.

I can also recommend Bow. Some of it is a bit dodgy (where isn't in London!) but theres a lot of new developments going up and its got fantastic access to Canary Wharf. Trains are every 10 minutes and take less than that to go from Bow DLR station into Canary Wharf. Watch out for prices due to the Olympics though, get somewhere at late notice (i.e. early September / late August).

Wherever you are in London, monthly spend is going to be at LEAST £1000 for a 1 bed in decent location / condition and for anything better you are talking £1500 or more. One thing I would say is that don't worry too much about commute time. In the mornings you're usually refreshed and awake after a shower and breakfast and in the evenings you don't care because you're in a taxi.

Whatever you do, do not live in Hackney, Whitechapel or Shadwell, you will be murdered.

 
samoanboy:
Asatar:

Whatever you do, do not live in Hackney, Whitechapel or Shadwell, you will be murdered.

That's weird, I've lived in Hackney / Whitechapel / Bethnal Green for the past five years and havent been murdered, must just be lucky I suppose.

Idiot.

canada water has some very affordable stuff and you can take the bus if there is a tube issue.

 

does anyone have an invite for asmallworld.net ? Even though getting a nice place sounds nice, I wonder how much time I am actually going to spend in my flat..

I guess 800 - 1000 GBP is what i am looking at, if I want to live on my own? (and if I am lucky?)

I dont mind getting murdered, but exactly how much would I be looking to save?

 
skeipas:
does anyone have an invite for asmallworld.net ? Even though getting a nice place sounds nice, I wonder how much time I am actually going to spend in my flat..

I guess 800 - 1000 GBP is what i am looking at, if I want to live on my own? (and if I am lucky?)

I dont mind getting murdered, but exactly how much would I be looking to save?

Smallworld is best for flatshares. If you want to live on your own 1000 in a dodgie neighborhood is more than enough.

 

He prob was just curious.

To answer your question: my friend worked in Canary Wharf last summer and I believe he found his flatshare through Gumtree. Would agree that a 45min commute while doing banking hours = brutal and unnecessary. Does your firm provide housing? Some do, so you should ask about that. Do you know any other interns working in the Wharf? Good place to start.

 

Hey!

Am currently working here in London, though sadly not Canary Wharf. I have found my accomodation via www.homesforstudents.com, a friend of mine found his accomodation via gumtree.

Just be aware that there are a lot of scammers on these platforms who want to have money in advance (I was in talks with two of these).

 

Tower Hamlets/Newham is very close to the wharf and the accommodation there is fairly cheap, although I have heard that Stratford where the olympics were held is getting more and more expensive by the day. See if you can find another intern in the same boat as you?

 

www.spareroom.co.uk

That is probably the best place to start looking, you can find a room so quickly on there. Personally I think the Wharf is pretty dead/soul-less and would look at moving outside of it but then as an IBD? intern you probably want to be as close the office as you can..

P.s Expect to pay around £650-850 incl bills for double room in a flat share round the Wharf.

 

Thanks mate - will check that out.

Capital Markets. The hours are long but probably not at the all-nighter level of coverage groups. I was also considering the same, moving perhaps a little further away but just thinking of doing a 40(?) minute commute every time while paying similar/higher rents and working long hours seems a little meh.

Thanks again!

P.S. If you recommend moving out of Canary Wharf, would you have any suggestions for decent places which are not too far away? (say 40 minutes commute max)

 

You want to be as far away from Canary Wharf as possible (it is completely soul-less), whilst also making sure that your commute is as painless as possible. Spareroom is certainly the best place to start your search.

I used to have a 60 minute commute, and that was honestly hell. I have now moved to a place where I can walk to my office in 20 minutes, and despite being a huge % of my gross monthly salary, the benefits are worth it for sure.

Anywhere on the Jubilee line/DLR will be easy, but tubes are horrible, so walking will always be preferable. Also, for a cheaper option that Shoreditch/Hoxton which are both really good areas for lifestyle, have a look at Wapping/Shadwell/Whitechapel which will all be a lot cheaper and also a manageable commute.

 

Lived in LND for a couple of monthes. Best cities in the world. Canary Warf is very lovely to work in, I would def live in Waterloo. Safe, clean, and marvelous! Enjoy your time.

Greed is Good!
 

Baker Street and London Bridge should also be on your list to check out. You can potentially also do the Tube + DLR combo, which would allow you to maybe live somewhere on the Central Line and then switch at Bank. Adds 15-20 minutes though.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

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