Do you live in a household that earns an average of £150,000 a year? Do you want to buy an average house in Kensington? Sorry mate, you’re too poor…
The wonderful, hardworking people at Shelter have released their latest Housing League Table, and yup, you’ve guessed it, Kensington has ranked as one of the worst for affordable housing in London. No surprise there, but some of the figures are eye watering!
You would have to earn £158,400 per year in order to afford to buy an average-priced house in the Royal Borough of Kensington & Chelsea area.
There are 6,687 households on the waiting list for affordable housing in Kensington – at current letting rates this will take 11.20 years to clear.
Independent experts say your area needs to build 3,663 homes per year. The Royal Borough of Kensington & Chelsea planned for 85 new affordable homes to be provided in your area last year.
Thank you Shelter for exposing the Council’s complete and utter failure in providing affordable housing.