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@TheBrick(Tommy)
I pay 300 but live with my girlfriend in her flat, I would not live where I am if it was not for my girlfriend.
Brockley which is zone 2 s.e I think there was a room advertised on here not long ago going that way that was 330 - 350 ish including council tax in a sheared house. I would try to keep within zone 2 if you can especially if you're new to London, much better for your social life / meeting people plus will make it possible to get a job on the other side of London with out having a mammoth commute. If I suddenly got offered a job in Hamersmith for instance it would be 15 -16 miles each way for me and I would have to give myself 1 hr 15 min to get there reliably every day so I would not have to race every morning.
You'll hear a million opinions of people telling you to live north / south /east / west and it'll be difficult to work out where to go. Try and work out what you want in an area as far as amenities what kind of atmosphere you would like e.t.c Don't stretch your self too thin financially though, a flat mate of a work colleague is having a terrible time because he will not except that he can't afford to live in Highgate. He is working all hours and still having to live on baked beans but is too much of a snob to except it and move out of the area.
Where are you moving from?