Could you live on a houseboat?
Is it possible to live in London and not pay extortionate rents? Do you want to live in London but also feel close to nature? Maybe you should think about living on a boat?
How to avoid paying excessive rent in London?
Living in London is quickly becoming a dream rather than reality. Rents and property prices are still spiralling upwards. With expensive transport costs and high costs, more and more people are being pushed out of the central areas and into the suburbs. Whilst many more are being forced out of London altogether.
But is there a way to bypass London's crippling rents and property prices?
There might be.
It's estimated that 10,000 people are choosing to live in houseboats in the 100+ miles of canals in London where they can escape cramped living conditions and an exhausting fast paced lifestyle.
So how different is it to live on a houseboat than a flat or home? Are houseboats suitable for everyone, or just for those who are willing to embrace an alternative lifestyle?
The Residential Boat Owners Association advises that if the sole reason for deciding to live on a house boat is to save money then it might not be a viable option. Living on a houseboat is a very different way of life, not everyone will enjoy it.
How much does it cost to live in a houseboat?
The price of buying a house boat can vary from a few thousand pounds right up to a million, but fortunately unlike cars and other motors, the value of a house boat does not depreciate quickly with time. A house boat can provide a lot of living space ranging from the size of a one bedroom flat and upwards. It's a much cheaper alternative than buying a flat but do bear in mind that banks and other mortgage providers aren't keen on loans for houseboat purchases.
Another factor to consider is whether to live on a permanently moored houseboat or one that can cruise. If you decide on a permanently moored boat you'll have to pay for your mooring which, depending on location, can cost as much as £500 a month but would still be considerably less cheaper than renting in that area. Though it is possible to purchase a mooring permanently or through a lease.
Getting a permanent mooring will be especially important if you need a fixed residence for work and school. Unfortunately in London permanent moorings can be hard to find in London.
If you choose to be a continuous cruiser you will need a license from the local waterways authority, a Boat Safety Certificate and insurance. You'll also need to know how to drive a boat! You can stay in some areas for up to two weeks before having to move on. If you do choose to cruise you're not just restricted to London but can travel throughout the UK'S various waterways.
The pros of living on a houseboat in London
- Escaping the hustle and bustle of London
- Feeling more connected with nature
- The freedom to roam
- Houseboats are smaller than house so there will be lower energy bills, some boats may be able to produce electricity
The cons of living on a houseboat in London
- Not necessarily cheaper than renting a flat/home in London
- A lack of permenant moorings in London
- Hard to get a mortgage for purchasing a houseboat
Further information
Residential Boat Owners Association
