Would YOU swap mortar for water? Businessman fed up with London property prices buys two-bedroom luxury houseboat in the capital for just £300,000

  • Annoyed at expensive London house prices supercar dealer Alex Prindiville purchased a new two-bed houseboat
  • He spent £300,000 on a custom-built floating home docked in an area where a same-sized flat costs over £1 million
  • The boat has solid wood flooring, a log burning stove, a skylight, central heating, dishwasher and washing machine

A supercar dealer annoyed with London’s sky high property prices has swapped mortar for water by building a luxury houseboat for £300,000.

Alex Prindiville’s two-bedroom floating home boasts a log burning stove, granite worktop and power shower.

But instead of having to pay more than £1 million for a similarly-sized flat on St Katharine Dock in East London he paid less than one third of the price

 

houseboats luxury apartment

Supercar dealer Alex Prindiville swapped a home on land for a luxury, custom-built houseboat docked in St Katharine Dock, east London

 

The businessman found a master boat-builder in Sheffield who hand-made a steel boat with the space and finish to turn his dream into reality.
It was then fitted with pressure-jet central heating with ‘smart control’, full electrics, hot and cold running water, dish washer, washing machine, solid wood flooring and a skylight.

Mooring costs in the area are between £9,000 and £13,000 per year and this includes council tax. While moored, it will cost around £100 per year for electricity and heating.
Alex, 41, said: ‘I love living by the water and I love great design, but as a businessman I don’t want to pay over the odds for a flat if there is a better solution.

prindiville houseboats

Spending £300,000, Prindiville new abode was a fraction of a price of a similar-sized flat in the same area, which would cost more than £1 million

 

luxury apartment houseboat

The hand-made steel boat is kept warm in winter through central heating but it also features a wood-burning stove in the living room area

‘Why should anyone pay over £1 million for a flat they only use Monday to Friday in an over-inflated market?
‘And then I had my ‘eureka’ moment. I realised a houseboat would be perfect if I could find a way to transform it into the kind of place I would be happy living in.’
The entrepreneur isn’t the only person to balk at London property prices and choose a life on water instead.
Tory MP Johnny Mercer has opted to live on his boat when in the capital rather than waste taxpayers’ money on an expensive rental.
Alex was so pleased with his new pad he decided to start selling them under the name Prindiville Marine as a separate business to his supercar brokerage

luxury houseboats

Measuring 60ft in length and weighing 41 tonnes, the Sheffield-built boat feels surprisingly roomy due to its clearly-designed architecture

And with a £300,000 price-tag, the houseboats are considerably cheaper than some of the cars which Alex has sold in recent years. Although with 90bhp, they’re also not as powerful.

The 60ft long, 12ft 3in wide barge weighs 41 tonnes, has a Sheffield Keel hull hand crafted from new in high grade British steel.
It can be configured as a two bed apartment or one bed with an office and has a living room, galley kitchen and toilet/shower room.

prindiville houseboat

The owners said: ‘It’s perfect for a week day crash pad or a weekend or holiday retreat. It even works for parents considering buying property for their student children because it isn’t tied down to a particular location after three years is up.’

 

Alex added: ‘Half the time you forget you’re on the water – apart from when the sun comes out and you can have a drink on the deck.
‘And the sense of space is phenomenal, a real tribute to the execution of the design.
‘I love my home and believe this is the start of an urban living revolution.
‘It’s perfect for a week day crash pad or a weekend or holiday retreat. It even works for parents considering buying property for their student children because it isn’t tied down to a particular location after three years is up.’

 

as published on Dailymail