Letting agent Anne-Marie Murphy at EA Shaw says rental flats are attracting lawyers from Lincoln’s Inn, bankers who can get into the City quickly on the Central line, and people working in the Soho film industry. “We have also seen a return of corporate lets with companies such as Shell and Deloitte taking longer-term lets for their employees coming from abroad.”
Rental levels range from about £300 a week for a one-bedroom tenement flat to over £2,000 a week for a three-bedroom flat in a new development or period conversion. Letting agent Barnard Marcus (020 7836 8427) has a one-bedroom, top-floor flat in a tenement building in Parker Mews for £315 a week, while Hudsons (020 7323 2277) is letting a three-bedroom flat with a roof terrace, concierge and underground parking in Renzo Piano-designed St Giles Court, on the northern edge of Covent Garden, for £1,900 a week.
Average prices: renting a house or flat in Covent Garden
One-bedroom flat: £2,675 a month
Two-bedroom flat: £4,321 a month
Three-bedroom flat: £5,751 a month
More on Covent Garden:
- Property area guide on Covent Garden with average property prices, current houses and flats for sale, best streets, up-and-coming areas and commuting times.
- New homes: New developments have been launched near the lively Piazza including The Russell, The Beecham, The Strand and 190 Strand.
- Local schools: Covent Garden has two state primary schools with a "good" Ofsted rating and one of the top ballet schools in the country.