For some London residents, the local canals are proving to be fine real estate. Turning to this somewhat transient existence can spell adventure, romance, and a return to the bohemian lifestyle that many young professionals find alluring. It’s easy to see why.
Houseboat by MAA Architects
1. Waterfront Living
Imagine waking up each morning to the lapping of the river below your bed and a view of sunlight glinting off the ripples outside your window. Some 10,000 Londoners are experiencing exactly this, as more and more seek to escape the high costs of traditional city living.
Floathome proposal by Floating Homes Ltd & BAKA Architects
2. More Affordable
Though overall cost efficiency is debatable, there’s no question the price of a houseboat is much less than the cost of residing on land. Floating homes range from £10,000 to £200,000, while the average standalone house in London costs almost £500,000. UK-based design companies are also considering permanent floating houses along the waterways as a more affordable option for a space that’s currently under-utilized.
Floathome by EcoFloat
3. Unique Housing
Residing on the water requires a fresh mindset. From the minimalism required to live in a space of fewer than 100 square feet, to the wide variety of home styles ranging from ramshackle to resplendent, this is no cookie cutter neighbourhood. And due to two-week restrictions on some moorings, the landscape is ever-changing.
Floathome proposal by Floating Homes Ltd & BAKA Architects
4. Stay in the City
The rising housing costs in London give some residents little choice: they either head to the suburbs or surrounding towns, far from the bustle and excitement of the city centre, or explore alternatives to old-fashioned home ownership. Mooring your home to the central waterways means remaining in the cultural capital, close to entertainment, career, and community.
Photo via Bert’s Barges
5. A Warm Welcome
The thousands of people living along the 160 kilometres of canals and more than 60 kilometres of the River Thames make up a vibrant and friendly community. “People look after our boat when we’re away and there are barbecues or bonfires every night,” says Jenny Kendall to The Telegraph. River living may not be for everyone, but it’s certainly where many Londoners want to be.
