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Anorak | After Grenfell Tower: let’s envy the ‘victims’ in their luxury flats

After Grenfell Tower: let’s envy the ‘victims’ in their luxury flats

by | 22nd, June 2017

Kensington Row grenfell tower

 

After Grenfell Tower, news that displaced residents will be rehoused in “Posh New £5m Flats” (Star)  at a new-build complex called Kensington Row located around a mile and a half from the disaster. The development has 68 flats, where the three-bed and four-bed flats are worth “around £5m” each.  These bigger flats, says the paper, are where “a majority of the survivors” will live.

Over in the Express  there’s news that only “some of the victims” will be rehoused in the new flats. I’d say none of the victims will be. They’re dead at least 79 of them. It’s the survivors who are being rehoused because their last home was a toxic time-bomb.

The flats, secured by the City of London Corporation, are worth even more in the Express . Now homes on the plot are worth up to £8.5m. Residents have access to a “gym, swimming pool, spa, private cinema and 24-hour concierge”. Are we supposed to envy them, or just marvel at the insane London property market which keeps so many people off the property ladder?

 

Kensington Row grenfell tower

 

And then we learn that the City of London Corp paid around £10m (source: The Sun) for the 68 flats. That’s not £5m each is it even if Diane Abbott is doing the maths. The majority of survivors are not living in £5m flats. It’s just under £150,000 for each, on average. Yes, I know that’s not the asking price, but the base price. The developers have “sold the properties at

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Posted: 22nd, June 2017 | In: Google News, Money, Tabloids, The Consumer Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink