The Cost Of Storage In London

If you’re planning to store your belongings in London or the UK, whether for a short or long term, it’s essential to understand the storage costs in London before reaching out for quotes. While reputable removal companies often provide free quotes, knowing the key factors that influence storage pricing can help you make well-informed choices.

In this guide, we’ll explore the different types of storage options, the factors that impact storage cost in London, and practical tips to help you save money while finding the right solution for your needs.

Self or Container Storage

The most important factor in the overall cost of storing is whether you need self or container storage. Both should keep your belongings safe and secure, but there are a few key differences that could save you a lot of money depending on your needs. 

Largely due to 24/7 accessibility and location, self storage is significantly more expensive than the container one. If you don’t need 24 hour access to your things, you might want to consider the container solution. 

One of the biggest advantages of container storage is the cost. Since it doesn’t provide 24/7 access and can store your items in bulk and in secure designated facilities, they are the cheapest storage option in London. The cost is often half the price of similar sized self storage units.

How Much Does a Storage Unit Cost?

The amount and volume of items you have to store will determine the size of the storage unit you will need. The larger the space, the higher the cost. For that reason make sure that you are only storing items that you truly value.

Below is a rough estimate of the price, per week, of different square footage options. Remember that a professional company will help you decide on the best plan for you.  A general estimate is 25 square feet of storage for every room of furniture you’d like to store.

Location

Your location in London will determine your rates. That’s why long term facilities, often outside city centres, can save you money. If you don’t need constant access to your things, steer clear of pricey self storage companies in the city centre where rent, and other overhead costs are higher. It is worth getting at least three different quotes. This will help you find a company with rates that are competitive with other companies in the area. 

Pre-Pay Discounts

Most storage companies can offer you additional discounts if you pay upfront for the entire storage period. In fact, this option can be very convenient for you as you won’t have to worry about having to pay the fees every month. Pre-paying is usually for extended periods of time and you won’t be able to claim a refund for early termination of the contract. This is ideal for long term rentals but less so for short term or for those that need more flexibility.

Additional Costs/Things to Consider

How much does insurance cost?

First, most companies will require proof of insurance. Without it, and in the unfortunate event of damage or theft, you could be left with the bill. While storage companies will have their own insurance coverage, this does not normally include insuring your belongings. The amount you will need to pay will depend on the overall value of your things. You may have temporary storage coverage with your home insurance but be careful, this is often only temporary and can have a limit (up to £1,000 for example). 

To purchase an insurance you have a few options to consider. One, you can check with an outside storage unit insurance provider. Two, check with your storing company about what insurance they offer. Bundling services can often save you money. For more information on insurance read: Storage Insurance – Everything you need to know. 

Removal costs  

You can save money by enlisting numerous services from the same company. If you are looking for a storage solution because you are moving house, make sure to do some research into companies that offer a variety of services such as storage, insurance, and removal and packing services.

Deposit Cost

With all facilities, you can expect to pay a deposit, equal to a half months’ or full months’ rent, depending on the company. For offices, commercial units, and bespoke requirements, you may need to pay more. Make sure to check with your storage provider and don’t forget to read the fine print before signing anything. 

Length of rental 

In general, the longer your rental agreement, the lower your monthly rate. If you don’t know how long you are going to need storage for, make sure you check to see what the company policy is regarding minimum rental length, and notice required to end the contract.  

Amenities / special deals or discounts 

Some facilities might offer discounts for military, college students, or seniors. It’s also worth it to evaluate what amenities are being offered versus what amenities you actually need. Make sure to have a clear list of the items you will be storing before talking to a storage company. They will be able to tell you if you need a climate controlled unit or not and this factor alone can save you big bucks. 

We hope you found this article helpful and now have a clearer understanding of the general storage cost in London when renting a storage unit. Take your time to compare options and shop around to ensure you secure the best deal for your storage needs.

Store In London offers the cheapest rate on storage throughout North, East, South, West and Central London. We provide FREE professional packing, pick-up, and secure delivery to our storage facility, ensuring your belongings are kept safe at all times. When you’re ready, we’ll deliver your items back to you with ease and convenience.

Contact us today for more information or get a quote directly on our website.