Pocket Living, creators of micro-homes in London, could be one property developer to watch this year.
Set up to help young first-time buyers get a foot on the property ladder, they provide compact homes at (at least) 20% less than the local market.
Pocket Living says the homes are built exclusively to help ‘City Makers’ (those who live and work in London) buy their first home.
What a micro-home looks like
Forget sofas that become beds, or tables that fold away like ironing boards. Pocket Living uses space wisely to create ‘one bedroom homes’ that feel like homes.
Each property has three rooms – kitchen/living space, bedroom and wet room with large shower area. A compact hallway joins the rooms and offers a utility cupboard for essential household storage.
These smart, quality homes at scale are compliant to a standard one bedroom home (38sqm) and provide all the necessary features for city living.
Clever, space-maximising features include high ceilings, a single floor finish throughout, zoned lighting within living room to create separate spaces, and floor-to-ceiling windows letting in lots natural light.
Pocket Living is hot on the exterior design too. It works with leading, award-winning architects. According to the website, it believes “each building or development should relate to its surroundings and no two buildings should ever be the same. We are huge advocates of the city.”
The benefits of making modular micro-homes
Pocket Living’s compact one bedroom home is a standardised design ideal for modular construction.
By using this modular system across London, the overall programme is 40% shorter and the onsite waste is reduced by up to 75%. This benefits local residents and buyers alike.
Micro-homes beyond London
Pocket Living homes are currently in 22 locations across London, with properties in Redbridge, Croydon and Barking coming soon. All are in prime spots for commuters.
To add to this success, according to The Telegraph, Pocket Living is in talks with potential partners over funding which will allow it to expand beyond London too.
There are plenty more first-time buyers in need of homes in or around London. The developer is now looking to the commuter belt, including Oxford, Cambridge, Maidenhead and Winchester.