Search

Camden affordable homes crisis sparks ‘brain drain’ of teachers and young talent in borough

06:00 10 July 2014

Teacher Elizabeth Lumb and her boyfriend Jack D

Teacher Elizabeth Lumb and her boyfriend Jack D'arc,y a couple who feel they will never to be able to buy a home in Camden due to lack of affordable property. Picture: Nigel Sutton

© Nigel Sutton email pictures@nigelsuttonphotography.com

Teachers and young professionals have warned they are being forced out of Camden as stark new figures reveal there are no affordable homes for sale in the borough – leading to a “brain drain” of young talent.

Over-inflation of the housing market and Camden’s desirability as a prime inner London borough have put ownership of properties beyond the reach of those earning an average wage.

A report by homeless charity Shelter has shown that a single person in Camden earning the average income of £29,000, or a couple with a combined income of £61,000, would be drastically priced out of the borough.

The research has come as no surprise to those living in rental properties who have spoken of the pressure to move out of Camden when the time comes to buy their first home.

Teacher Elizabeth Lumb, who works at Eleanor Palmer Primary School in Tufnell Park, and her boyfriend Jack D’Arcy, 23, who works at a music agency, both earn healthy salaries and have stable careers.

They live in Torriano Avenue but in a few years will have to leave behind the treasured village feel of their community and move out of London altogether to buy their first home.

Miss Lumb, 23, said: “We never considered Camden as a realistic option. For young teachers it’s an almost impossible situation. I looked at prices on our road and for a one-bedroom flat, you’re looking at £500,000.

“As a teacher and someone who starts early and finishes late, I want to live close to the school in which I work.

“It would be such a shame to make Camden a place where only the most wealthy can buy. What we love about Kentish Town and Tufnell Park is that it very much feels like a village.”

James Jones, 37, a TV researcher, tried for four years to get on the property ladder while he was living in Burghley Road, Tufnell Park.

“There’s nowhere in Camden,” he said. “I looked at my budget and the numbers don’t stack up there.”

Shelter’s survey showed there are no one-bedroom homes in Camden for sale at £122,000 or less, the price a single person earning £29,000 could afford.

Likewise, there are no two-bedroom properties for sale valued at £256,000, the budget for a couple with a combined income of £61,000.

Natalie Bennett, national leader of the Green Party and parliamentary candidate for Holborn and St Pancras, has issued a stark warning that young professionals such as teachers and police officers will be “pushed out” of Camden.

“We are making it impossible for anyone to live in the community they work in,” she said. “We need to get away from thinking of housing as a financial asset and start thinking of them as homes.”

A 2008 Camden Council report stated a need for an additional 4,787 affordable homes each year but between 2006 and September 2013 only 1,789 new units of affordable housing were built.

Since 2011, the government has made it harder for local councils to build housing, with Camden’s grant for affordable housing development reduced to 50 per cent of the grant for the previous four-year period.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Hampstead Highgate Express visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Hampstead Highgate Express staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Hampstead Highgate Express account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Hampstead & Highgate News Stories

Fri, 12:58
Nurul Islam celebrates at his Belsize Park kiosk with customers and Ham&High reporter Emily Banks, right.       Picture: Polly Hancock

The vendor who runs the Belsize Park newspaper kiosk today thanked his customers for pressuring Camden Council into doing a u-turn over the rent hike which threatened his business.

Fri, 11:17
Gabriella with mum Nazanin on her first birthday

A distraught father whose daughter faces her second birthday detained in Iran without her parents has urged children around the world to send her a birthday card.

Fri, 10:56
Victor in Delhi

A ‘smart and popular’ 22-year-old who died in a motorbike crash has been remembered at his former school.

Thu, 18:09
A pole will be located at the end of Nassington  Road by the entrance to Hampstead Heath

New plans for an Orthodox Jewish boundary across Camden have been submitted.

Thu, 15:34
The mystery girl was found wandering in  the evening in Daleham Gardens

Police are trying to trace an 11-year-old girl who was discovered wandering in the street in her pyjamas saying she had run away from home.

Thu, 15:31
Service users at the Highgate Day Centre were left feeling

Service users at a mental health day centre in Camden were “heartbroken” after hundreds of pieces of artwork produced during therapeutic art classes were thrown out with the rubbish.

Thu, 12:39
Neighbours are

Neighbours in Gospel Oak say they are “still friends” after publicly airing their difference of opinion over the Brexit question.

Thu, 12:05
An artist's impression of the cycling superhighway in Avenue Road

Camden Council has called on Transport for London (TfL) to conduct further traffic modelling for the propsed Cycle-Superhighway (CS11) scheme to take account of the likely impact of High Speed Rail (HS2).

PROMOTED CONTENT

There are no rules when it comes to buying studio pottery beyond choosing what you love

With The Great Pottery Throwdown captivating viewers across the nation, pottery courses at capacity, and hipsters snapping up vintage studio pieces to display their succulents in and post on Instagram, studio pottery and ceramics are definitely having a moment.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Most read Hampstead & Highgate news

HOT JOBS

Show Job Lists

Property Newsletter Sign-up

Get the latest North London property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

Competitions

Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe