Renters in Kensington and Chelsea are paying a whopping £6,080 upfront every time they move residences.

According to the latest statistics released by the Labour party , it equals to eight weeks of a residents pay.

Across London, the average moving cost is £3,735, with fees now almost reaching £400.

On top of this, letting agents are asking for a deposit equivalent to six weeks of rent and at least one month’s rent in advance.

With the average monthly rent in Kensington and Chelsea now £2,383, tenants are having to pay a staggering £6,080 upfront on average every time they move.

Labour Mayoral candidate Sadiq Khan, said: "Millions of Londoners already struggling to find somewhere affordable to rent are also facing exorbitant and rip-off letting fees.

"People often have to move through no fault of their own, but because their rents are suddenly put up or they’re kicked out by their landlord."

He added: "People in Kensington and Chelsea are even having to take out loans or go into debt just to pay the huge initial costs."

An investigation carried out by This is Money website in 2014 found agents were even charging movers for leaving furniture out of place.

A spokesperson for This is Money said: "Letting agents are stinging tenants with expensive and often unclear fees."

Administration fees are said to cover the cost of drawing up contracts and running credit checks before tenancies can be put in place.

Online estate agents released a map to show the average house prices at each Underground stop in the capital, with figures having a bearing on how much renters might have to shell out in the area if they're moving.