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At £40k a pop I don't think so!
"Single people in need of a home are the least likely to be prioritised by local authorities. But could one-person micro-homes be an answer - or is expecting people to live in a box, and be grateful about it, a step too far?
Nearly a quarter of a million single people have experienced homelessness in the past 12 months.
These include the most visible sector of homeless people, the rough sleepers; as well as those living in temporary accommodation, like shelters or hostels, provided by the voluntary homelessness sector. Then we have the "hidden homeless" who stay on the floor of friends and family, the "sofa surfers" and the squatters.
Perhaps communities of micro-homes such as one recently granted planning permission in Worcester - where each unit has a floor space of just 17.25 sq metres - could offer a solution.
According to the British Property Federation, micro-homes can be defined as "not conforming to current minimum space standards".
But the charity Homeless Link says "the main aspiration of people who are homeless is to have a home of their own".
So should we start to think inside the box?....."
Mr O'Donnell says the units would not be used to house the "street homeless", but would be for those moving on from supported living or "trapped in an HMO [home of multiple occupation]". The iKozie would provide transition accommodation for someone before they moved into the open market.
Now that extends the definition of homeless!
About same size as Uni Halls of Residence rooms - worth giving a try if people are truly homeless eg sofa surfing etc.
I think its the way to go as a temporary solution
These are 17 sq m some of my studios are only 27 sq m and they cost 100K
They provide self contained privacy from the outside world and a bit of dignity
Its a place to rebuild often shattered or dysfunctional lives
So these are much better and safer than a park bench in the depth of winter
A safe haven also maybe for those escaping domestic violence / family break ups etc etc
If the council supply the land and the hook up I would buy a fair few
At 16% yield in my area its a good ROI and would ease the homelessness situation
Pay off the purchase price within 6 years and the next 19 years is profit in a 25 yr plan
Capital growth is probably very limited so factor that in maybe as a depreciating asset
Jonathan Clarke. http://www.buytoletmk.com
If the council are providing the plot and the services I'd have a go at BTR, and I have no building experience. At around £1k per square meter it would be a lot more economical than these units at £2350 per square meter, plus they would last longer.
£40k per unit is steep. How long they will last for before being refurbed/disposed of is anyones guess.
I wonder how many actual habitable homes £40k are currently available to buy in the UK?
I think the only thing wrong with this is the price.
10k rather than 40k and it would become a serious suggestion.