These are the most average homes in London: can you afford them?

House prices in London continue to rise far too quickly, with the effect of steadily reducing the quality of "average" housing.

House prices in Greater London jumped by an average of £50k last month, according to Rightmove, in a trend that it has called “unsustainable”.

The typical Londoner's response to this has been "yes, what else is new?" - it's not like it's a surprise to hear these things any more, even if the scale of the rise is quite astonishing. House prices have knock-on implications. Higher house prices mean higher average market rents, and that in turn drags up the pegged-at-80-percent-of-market-rents definition of “affordable housing”.

So the average matters. But what is it? Instead of relying on Rightmove, the Land Registry records every housing transaction every month. It's a little behind Rightmove - its records are updated when a property deal is completed, whereas Rightmove is talking about what houses have been listed as on its site in August - but it's comprehensive, and best of all it gives the address of each home.

It says that the average price of a property in Greater London is £359,650. What’s that going to buy you these days? 

Well, for starters, a flat in this building in Surbiton (that’s zone 6):

One of these terraced houses in Brent, with a garden that overlooks a railway depot:

A flat in this block in Battersea, which - until the Northern Line extension arrives later this decade - suffers from being in a public transport hole:

And if you’re a family wanting a home, there’s this quite nice new-build - but it’s in Biggin Hill, next to the air base there, and half an hour’s drive from any station to get you into London proper:

These homes cost £359,950 each, which is more than double the average house price for England and Wales. That's £164,654.

If you're someone who's moved to the capital recently from elsewhere in the country, and you can only afford something close to what you just sold, then it's even more depressing. Searching for properties sold for close to the England and Wales average gets you things like a flat in this building in Enfield:

Or a flat in this building in Bexley:

The things that link these properties - they're small, they're not close to the city centre, their transport links are mediocre, they're too small for families with more than one child - are all bad, and getting worse value for money with every passing month. I'd say it's a rubbish time to be a middle class Londoner, but when so much of your income is going on rent or a mortgage it's worth asking whether the middle class will be able to afford to be middle class at this rate. And as for the poor, Slough, Bradford and Leicester await.

(All screenshots taken from Google Street View.)

Ian Steadman is a staff science and technology writer at the New Statesman. He is on Twitter as @iansteadman.

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John McDonnell praises New Labour as he enters conciliatory mode

The shadow chancellor sought to build a bridge between the past and the present by crediting the 1997 government. 

Ever since Jeremy Corbyn became Labour leader, John McDonnell has been on a mission to reinvent himself as a kinder, gentler politician. He hasn’t always succeeded. In July, the shadow chancellor declared of rebel MPs: “As plotters they were fucking useless”.

But in his Labour conference speech, Corbyn’s closest ally was firmly in conciliatory mode. McDonnell thanked Owen Smith for his part in defeating the Personal Independence Payment cuts. He praised Caroline Flint, with whom he has clashed, for her amendment to the financial bill on corporate tax transparency. Jonathan Reynolds, who will soon return to the frontbench, was credited for the “patriots pay their taxes” campaign (the latter two not mentioned in the original text).

McDonnell’s ecunmenicism didn’t end here. The 1997 Labour government, against which he and Corbyn so often defined themselves, was praised for its introduction of the minimum wage (though McDonnell couldn’t quite bring himself to mention Tony Blair). Promising a “real Living Wage” of around £10 per hour, the shadow chancellor sought to build a bridge between the past and the present. Though he couldn’t resist adding some red water as he closed: “In this party you no longer have to whisper it, it's called socialism. Solidarity!”

As a rebuke to those who accuse him of seeking power in the party, not the country, McDonnell spoke relentlessly of what the next Labour “government” would do. He promised a £250bn National Investment Bank, a “Right to Own” for employees, the repeal of the Trade Union Act and declared himself “interested” in the potential of a Universal Basic Income. It was a decidedly wonkish speech, free of the attack lines and jokes that others serve up.

One of the more striking passages was on McDonnell’s personal story (a recurring feature of Labour speeches since Sadiq Khan’s mayoral victory). “I was born in the city [Liverpool], not far from here,” he recalled. “My dad was a Liverpool docker and my mum was a cleaner who then served behind the counter at British Homes Stores for 30 years. I was part of the 1960's generation.  We lived in what sociological studies have described as some of the worst housing conditions that exist within this country. We just called it home.”

In his peroration, he declared: “In the birthplace of John Lennon, it falls to us to inspire people to imagine.” Most Labour MPs believe that a government led by Corbyn and McDonnell will remain just that: imaginary. “You may say I'm a dreamer. But I'm not the only one,” the shadow chancellor could have countered. With his praise for New Labour, he began the work of forging his party’s own brotherhood of man.

George Eaton is political editor of the New Statesman.