The ‘town flats’ are designed to be affordable for people who may otherwise be priced out of living in Zones 1 and 2.
At least half will meet the criteria for the Mayor’s London Living Rents, affordable for people making between £30,000 and £60,000.
Developers U+I plans to build them in blocks with a communal living space, with [B]each flat between 19m squared and 24m squared in floor area.
‘Compact Living is a proven solution in bustling cities such as Tokyo, New York and Paris – places that are less densely populated that London,’ U+I said.