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The 10-story building may look like a hotel, but it is thought to be the world's biggest large-scale house-share, offering modest rooms and upscale services for hundreds of young adults caught in London's housing crisis.Ed Thomas, who manages the property for The Collective, offers a tour of the 546-room building and its facilities.Some have a tiny en-suite bathroom, with a small washbasin placed almost over the toilet, and a kitchenette.The majority of the Old Oak's current tenants are young people aged 22 to 35 earning an average of 30,000 pounds a year ($40,000) – who might otherwise be sharing a cramped house with strangers.According to Knight Frank, a typical room in shared accommodation costs 1,602 pounds per month in central London and 954 pounds in areas farther out.One is close to the Olympic Park in Stratford and the other in Canary Wharf, the business district of the British capital. They are expected to open in 2019, with a combined total of 1,000 rooms up for rent.
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