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Huge co-living space is an alternative to unaffordable London

Work & Lifestyle

Old Oak residents will have a private bedroom, bathroom and kitchenette, but will share masses of amenity spaces with hundreds of flatmates.

London is in the midst of a housing crisis, with rising rents making once affordable areas of the city completely out of reach for young professionals. Hoping to provide a solution, property startup The Collective is set to launch its Old Oak property in May 2016. The 12,000 square feet of shared living space, in a converted, abandoned office building, is a huge experiment in co-living. Residents will have a private bedroom, bathroom and kitchenette, but will share many of the amenity spaces with hundreds of flatmates: the idea is to strike a balance between private space and a sense of community.

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The property initiative aims to provide an alternative to ever-shrinking flats and rooms in the city, especially in illegally converted houses. Residents will have access to shared spaces, including a secret garden, kitchens, a cinema room, a spa and gym, and a games room. There are also dining rooms, which residents can rent out for when they want to entertain. Residents pay an all-inclusive monthly rent starting from GBP 1000, which includes bills, wifi, weekly room clean and linen change.

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How else can developers rethink conventional living spaces, to adapt to rising rents and overpopulation?

Email: living@thecollective.co.uk

Website: www.thecollective.co.uk

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