The cheapest one-bedroom flats in the development – which is across the street from parliament and has views of the Thames – are on sale for £1.75m.
Studio apartments (estate agents’ new term for bedsits) that are significantly smaller than Agyekum’s one-bedroom flat are advertised to rent for more than £3,600 a month.
Agyekum’s rent is £862.42 a month. That’s because his flat is one of 13 “affordable homes” that Westminster city council required the developer, Berkeley Group, to provide for working Londoners under a section 106 agreement as condition of granting the planning application. There are nearly 200 apartments in total at the scheme.
Entirely, wholly, absolutely, fucking insane.
Even if you’re going to ding the developers for the cheap housing this is still insane. Sell the one bed for £1.75 million and buy 5 one beds 5 miles away. 5 times the housing, see?