• Alternative London homes

  • By Simone Baird

  • Don’t have six figures to shell out? Try these…

    Alternative London homes

    £40,000 will buy you a narrowboat to live on in London

  • Riverboats
    Demand for moorings outstrips supply, but find one and £40,000 will buy you a narrowboat to live on – an improvement on £2million for a Thames-side apartment in Butler’s Wharf.
    (www.britishwaterways.co.uk).


    Eel Pie Island
    Live the island life… in London. Accessed by footbridge (or boat), this Twickenham island has 120 residents who live in picket-fenced homes.

    YMCA hostels

    There are around a dozen YMCAs in London; most offer long-stay accommodation. Expect to pay £170 per week for your first four weeks at the City YMCA; rates drop thereafter.
    (www.ymca.net).


    Ikea homes
    The Swedish store plans to roll readymade flats through locations across the south-east. They cost £100,000, but you do get an Ikea kitchen for free.
    (www.boklok.com)


    Garages
    Just as stables were converted into mews houses, garages are now becoming residences: you can pick up a freestanding number from £20,000.
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