How Much Does Self Storage Cost in London in 2024?

Last Updated:
March 16, 2024

The average self storage cost in London in 2024 is approximately £40 per week. Self storage has recently become important to many people in London when they are relocating, downsizing, or simply looking for extra storage space. So if you just typed to learn about the self storage costs in London, you have come to the right place. Whatever your reasons may be, here you will find out everything about the costs associated with self storage and a guide that answers all your related queries.

What are the main Factors affecting Self Storage Costs ?

Before we can talk about how much the costs of self storage in london are, we need to first understand the factors that affect these costs. The factors include the distance of the facility, duration of storage, amount of storage space requested, and some other amenities if taken. Let's review these in detail:

Location of the Storage Facility

The area in which the self storage facility is located plays a very important role in determining your  storage costs. It has been seen that the locations in central london and those located in high demand areas generally cost more than those in the suburbs or outskirts of London. This is mainly because the cost of land in central London is higher than outer london areas.

Size of Storage Unit

The size of storage also has a direct relation with the amount you will pay for the storage facility. The relation is direct meaning you will pay more if you need more space. Various sizes are available as per the requirement from a locker that fits some boxes to large facilities that can accommodate furniture or even vehicles.

Duration of Storage

The duration of storage also has a direct link with the cost you will pay for self storage. Most self storage facilities offer various rental terms. Both long term and short term. Most renters agree that they have been offered more discounts compared with short term renting. Therefore it's best to look around and check and get different quotes from different self storage facilities before you decide what works for you.

Additional Amenities

Some storage facilities in London also offer additional services or amenities such as:

Based on these different types of amenities be prepared to pay extra. The more services you choose the more you will pay.

What is the Average Cost of Self Storage Units in London in 2024

s mentioned before the basic cost of self-storage in London varies depending on the factors mentioned above. Here is all you need to know about self storage prices near me in London. As a general guideline:

  • Small storage units in london (around 25 sq ft) may range from £20 to £50 per week.
  • Medium units (around 50 sq ft) typically cost between £50 and £100 per week.
  • Large units (around 100 square feet or more) can range from £100 to £200 or more per week.

These prices are estimates and can go up and down based on location, demand, and other factors. It's always advisable to contact specific storage facilities for accurate pricing information that best fits your individual needs.

Self Storage Costs in Different Locations in London

Our research concluded that that renting a storage unit becomes cheaper as you move out from Central London to Suburban London:

  • Central London
    • Small unit (25 square feet): £50-£100 per week
    • Medium unit (50 square feet): £100-£200 per week
    • Large unit (100 square feet or more): £200-£400+ per week
  • Inner London (boroughs like Camden, Westminster, Kensington and Chelsea):
    • Small unit (25 square feet): £40-£80 per week
    • Medium unit (50 square feet): £80-£160 per week
    • Large unit (100 square feet or more): £160-£320+ per week
  • Outer London (boroughs like Richmond, Bromley, Redbridge):
    • Small unit (25 square feet): £30-£60 per week
    • Medium unit (50 square feet): £60-£120 per week
    • Large unit (100 square feet or more): £120-£240+ per week
  • Suburban London (boroughs like Barnet, Brent, Middlesex):
    • Small unit (25 square feet): £20-£40 per week
    • Medium unit (50 square feet): £40-£80 per week
    • Large unit (100 square feet or more): £80-£160+ per week

How To Reduce your Storage costs ?

To pay less money for self storage facility here are some tips you can follow:

  • Make sure that you know exactly what goes in the storage facility by accurately assessing your needs you will be aware of how much you are going to pay.
  • Compare quotes from different self storage facilities so that you know which facility fits your budget the most.
  • Make sure that you check which facilities are offering discounts or offers that you can avail. Remember that in order to find the cheapest long term storage, you need to ask around. Most long term facilities offer discounts.
  • Try to hire those facilities that are not located in Central London or high demand areas.
  • Utilise the space in self storage efficiently by stacking and packing things on top of one another.

Storage FAQs

How Is Storage Calculated?

Storage is usually calculated based on factors like unit size, location, amenities, and duration of rental.

Why Storage Is So Expensive?

Storage costs can be expensive because of high demand, and the amenities you are getting alongside.

What Is the 3-2-1 Storage Rule?

The 3-2-1 storage rule tells you to keep three copies of your data, stored in two different formats, with one copy stored off-site. This helps to ensure protection against data loss in case of hardware failure, theft, or disasters like fire or flood.

Are storage units cheaper outside London?

Yes, the storage units outside London may cost less. For example, the price in the UK averages from £10.5 per week and in London from £17.50 per week.

Do you pay monthly storage?

Yes in London it is typical for renters to pay for storage on a monthly basis with the costs varying from the type and size of storage you are paying from and where it is located.

Why is storage so expensive in London?

Storage may seem a little more expensive in London than in the outskirts since the demand for it is quite high in the bustling city.

Is paying for storage worth it?

Yes for short-term usage, storage is ideal if you are relocating, downsizing or even renovating. For extreme long term usage, the value of the storage may surpass that of the items. So choose wisely.

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