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Politics: Y:Cube: Is this London's £30,000 house of the future?

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  1.  
    • CommentAuthorTriassic
    • CommentTimeMay 14th 2014
     
    A new housing unit developed by the YMCA may offer one solution to the lack of affordable housing in London and other UK cities.

    The Y:Cube is a 280-sq-ft (26-sq-m) studio-like apartment made for single occupancy. It can stand alone, or be stacked into bigger housing blocks.

    The units are constructed in a factory and arrive on site ready-made, with water, heating and electricity incorporated into the unit and ready to be connected to local facilities.

    The YMCA plans to open its first Y:Cube Housing scheme with 36 of the units in the London borough of Merton by the end of 2014.

    A unit costs £30,000 ($50,000) to build, and the one-bedroom homes will be let for £140 ($235) per week - around 65% of the usual market rent.

    http://www.bbc.co.uk/news/magazine-27381656

    Check out the video.....
    •  
      CommentAuthorSteamyTea
    • CommentTimeMay 14th 2014
     
    Posted By: Triassicand the one-bedroom homes will be let for £140 ($235) per week - around 65% of the usual market rent.

    So unsuitable for a single young man on benefits then, as that is capped at £265/4 weeks.
    • CommentAuthorTriassic
    • CommentTimeMay 14th 2014
     
    So unsuitable for a single young man on benefits then, as that is capped at £265/4 weeks.
    Looks like its back to the card board box then!
  4.  
    £30,000 to build, say double that for site cost (assume some stacking) = £60,000 at £7280pa which is about 12%pa when most commercial property is running at about 5%.
    Or a bit over 8 years gets your money back then..........profit

    I wish my pension fund could get a ROI that good!

    By the way what happened to the shipping containers converted to flats idea?
    • CommentAuthorTriassic
    • CommentTimeMay 14th 2014 edited
     
    How about printing your next home. A firm is China has just started http://www.technology4change.com/page.jsp?id=453
    • CommentAuthorPaulJ
    • CommentTimeMay 14th 2014
     
    • CommentAuthorEd Davies
    • CommentTimeMay 14th 2014
     
    https://en.wikipedia.org/wiki/Container_City

    Mostly artists' studios and the like but some residential as well, I believe.
    • CommentAuthorMackers
    • CommentTimeMay 14th 2014
     
    Check out wiki house
    • CommentAuthorTriassic
    • CommentTimeMay 15th 2014
     
    I had a look at wiki house and found the concept too technical. I'd rather they had a few options, stick built, mud brick, cob, etc, designs you could use based on what is available locally.
  10.  
    Posted By: Triassic
    So unsuitable for a single young man on benefits then, as that is capped at £265/4 weeks.
    Looks like its back to the card board box then!


    Looks just like Oxley Wood... same architects strangely enough !
    Some very serious quality issues there in terms of materials and detailing.

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