The £250m project on the banks of the River Aire utilises air tightness, tripe glazing, MVHR and air source heat pumps to create homes that will be powered by 100% renewable energy, car parking spaces are £15,000 per year.
Nicely shot video. The UK median salary is £35,000 so each one of these is 15.7 times the median salary. Assuming a mark-up of 25%, the building cost would be around £410k. So even if the homes were sold at cost, that is still 11.8 times the median salary. Given that affordability is when house price is around 4 times salary, I think it shows how difficult it is for people to buy houses nowadays.
@@Nookie94 True, and I can't see any space for back gardens either but maybe it's there. Somehow, the cost of building (incl profit) is going to have to come down to get places like these into affordable territory but I don't know how.
I thought the same when I walked around and then when I was told about the car parking space at 15,000 per year to rent I just rolled my eyes and said who is paying these prices.
Yeh this is wild, it's got to be institutional investors or the developer building this to secure massive subsidies based on their 'environmental friendliness' and thus making larger profit margins - I can't see average/actual people actually buying these to live in. They don't look like they'll actually last for decades (structurally) for 550k you can easily buy a nice detached house in the countryside or a nicer city/town and probably get a free parking spot too. By the way more to the point of your channel, awesome tour/flying.@@PropertyFPVDroneToursUK
That's amazing re the car parking space alright. £1,250 per month is more than many people's mortgages. Maybe they want to deter cars as it's a low carbon area, which is fair enough but some people, e.g. emergency workers or people with disabled family members need cars so it prices a lot of them out. Great video by the way. I like how the drone has no problem roaming through the house.
