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Interesting. Here, when conversions happen to make cellars into self-contained units, I'd argue they are frequently only suitable for short term lets, on the basis that no-one should have to live like that. In converting properties whose lower ground floors were never meant to be used for residential purposes into housing, we get stuff like this.
Rental Opportunity of the Week: A Remodelled Crypt, for Goths Your own windowless basement in London Bridge, for just £2,000 a month.
https://www.vice.com/en/article/akz9ze/rental-opportunity-london-bridge-basement
It's brutal but what if you have a choice of that or being homeless?
Now if that's being used as a hotel and your only choice left is to be homeless?
There's so many more problems then just airbnb but it's not helping either.
It goes for £2000 a month ($2500) and is in Zone 1, a 25 minute stroll from the London Stock Exchange. You aren't going homeless if you have £2000 a month to spend on rent, and Zone 2 is one stop away on the Jubilee line. You're moving to Zone 2/3, or moving into a flatshare. Or out of London.
Given the location, pricing and finish I suspect it's more likely to be used as a pied a terre -- a second (weekday) home -- for someone in the City.
Is that a house you live in during the week so you don't have to commute from your primary house?
Correct. Well, not all the work week. One person will sleep in it Monday-Thursday. Maybe Friday if it's a heavy one.
ETA: Rest of the family will be living in a separate house outside the Home Counties where the schools are better.