London landlord lets room for £1 a month

Despite London rental prices racing ahead of the rest of the UK, one Stratford-based landlord is bucking the trend and offering a room for a pittance.

So, what’s the catch?

Posted online on Easy Roomate, the offer is only available to IT/business graduates, willing to help the landlord with his web/mobile development skills. In return for their tutoring they’ll receive a room in a five-bedroom house, which also boasts two bathrooms as well as a garden.

Typically a room within the area costs around £7,200 a year, so the appeal of the offer is obvious to anyone that meets the strict credentials.

A growing trend

According to Easy Roomate this isn’t the first offer of its kind either. Speaking on the advert a spokesperson said “there is an increasing trend whereby landlords are offering a significantly reduced rent in exchange for a service they need. Services can range from doing the house chores, giving language lessons to looking after the house dog.”

However, despite the potential for massive savings Easy Roomate have been eager to highlight the dangers, stating: “Although this kind of advert seems like a once-in-a-lifetime opportunity, we advise you to proceed with caution. Some landlords like to take advantage of desperate room seekers and expect more than you are willing to bring to the table”.

With rogue landlords apparently on the rise perhaps their caution is correct, although equally what’s to say such arrangements can’t be successful? Some landlords and tenants end up pals after all

Are you a landlord that offers similar deals, or a tenant living in a similar arrangement? Let us know how it works for you in the comments section below.

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