https://www.avforums.com/attachments/screenshot_2017-07-10-17-45-12-1-png.883493/
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The headline profit figure is meaningless if you don't know what that is as a total return on investment.
I can't blame the developers, but will blame any planning department letting them get away with it.
Inside the new Battersea Power Station
Looks like the investment is £9b?
Studio flats, with no separate bedroom, start at £800k.data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
Words fail me//static.avforums.com/styles/avf/smilies/facepalm.gif
Please tell me they have their own bathroom at least data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 I hate to think what the service charge will be as well.
Also don't think the location is that great. To far west on the south bank with no great transport connections to the City. Except perhaps the river bus from Vauxhall pier.
Lol.No idea on the bathroom.
Re this quote though"
The overall development includes 636 affordable homes, just 15% of the total . None are located in the actual power station. The number is far less than is usually demanded but the local council Wandsworth agreed to a lower proportion because the development will improve the area and the developer is contributing to the tube extension. Local residents will get an average market rent discount of 40%.
Ravi Govindia, the Conservative leader of Wandsworth council, has praised the project. He said it “will deliver hundreds of new homes at prices that low and middle-income households can genuinely afford ... without a single penny of taxpayers’ subsidy”.
Intersted in how much the above are goin for though.
I'm assuming circa £100k, given the MP says that low income families can genuinley afford it.
Hmm - so the developers overpaid for the land, are funding the Northern Line Extension and are not making £1.8bn profit.. but apart from all that the story is correct.. data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
The firm building luxury homes at Battersea Power Station will make £1.8 billion profit after slashing affordable homes numbers
1.63 million. Over the same period, the UK population has increased by 4.7 million.
I created these charts:
https://www.avforums.com/attachments/houses-a-png.884530/
https://www.avforums.com/attachments/houses-ap-png.884529/
https://www.avforums.com/attachments/houses-p-png.884536/
https://www.avforums.com/attachments/houses-pp-png.884535/
https://www.avforums.com/attachments/houses-h-png.884534/
https://www.avforums.com/attachments/houses-hp-png.884533/
https://www.avforums.com/attachments/houses-l-png.884532/
https://www.avforums.com/attachments/houses-lp-png.884531/
Notes: The per inhabitant charts use a different year range. HA data not available for 2 years in the early 70s.
Data sources:
United Kingdom population mid-year estimate - Office for National Statistics
Live tables on house building: new build dwellings - GOV.UK
How the mix of new dwelling types has changed over the years:
https://www.avforums.com/attachments/percenth-png.884560/
Absolute numbers:
https://www.avforums.com/attachments/percenthn-png.884563/