The rental market in Kings Cross throws up some real eye openers often of the dodgy landlords and beds in kitchens type but here for once is an apparently well appointed one bed flat and the cringe inducing, but possibly market rate of £1,343 per calendar month. If it appears a bit bigger than comparable private properties that’s because it was once thoughtfully designed by the council as social housing on the Bemerton Estate.
As I understand it to rent a similar flat on the Bemerton from the Council would be about £350 a month, indeed possibly the flat next door. Which gives a graphic illustration of the role of social housing in providing accommodation for people on lower incomes. The monthly London Living wage is roughly £1,650 per month before tax. The Bemerton Estate although greatly improved by modern management has been one of the ‘top 3% most deprived by multiple deprivation‘ super output areas in the whole country.