Labour leader Ed Miliband has insisted he does not live in a 'mansion ' – despite admitting it is worth 'between £2million and £3million ' . Mr Miliband said he would have to pay the proposed £250 a month 'mansion tax ' on homes worth more than £2million but claimed this did not mean he actually lived in one . The claim comes despite revelations that his four-storey Victorian town house has two kitchens – including one for the family 's live-in nanny . Scroll down for video . Labour leader Ed Miliband - with members of staff on the Oncology ward during a visit to Addenbrooke 's Hospital in Cambridge - has insisted he does not live in a 'mansion ' Mr Miliband faced ridicule earlier this month after appearing to play down the size of his north London home . The Labour leader was pictured with his wife Justine in their 'functional kitchenette ' instead of the much larger family kitchen downstairs . Mr Miliband , speaking on Radio 2 's Jeremy Vine show this afternoon , insisted his home was not a mansion . After confirming that he would be liable to pay the 'mansion tax ' he was asked whether he felt like he lived in a mansion . 'No , but look , that 's just the term that 's used . ' Asked how he would pay for the £250 a month levy , Mr Miliband said : ' I 'll get it from my income – myself and Justine . ' And he declined to set out how much people with homes worth more than £3m would be paying as part of the levy . 'There are about 100,000 homes we think in this area , that will be above £2m and the Treasury has estimated that £1.2bn is a reasonable assumption to make from this . 'We 've set out what the band will be between £2m and £3m - £250 a month , which is broadly speaking the top level of the council tax so in other words that 's the same again . 'The precise figures above £3m will have to wait for when we get into government , precisely because we 've got to establish how many properties are in each band . ' Mr Miliband said he would have to pay the proposed £250 a month 'mansion tax ' on homes worth more than £2million but claimed this did not mean he actually lived in one . Daniel , Miliband 's eldest son , tells the camera the family spartan kitchen is the ‘ best ’ in the £2.7million home . Kitchen sink dramas : Ed Miliband and his family in the kitchen that has caused so much controversy . According to the property website Zoopla , Mr Miliband owns the most expensive home of any of the political leaders . His home in north London home value at £2.73million , up by more than £1million since 2010 . By contrast Mr Cameron 's house in West London home would narrowly escape the mansion tax , being valued at £1.971million . Mr Clegg , who lives in Putney in south west London , would also escape with his home valued at £1.89million . Ukip leader Mr Farage is said to have a house in Kent worth a more modest £550,000 – still twice as expensive as the average home in the UK . Under Labour 's plan , people trapped in expensive homes who have no access to savings will be protected from the charge aimed at properties worth £2million or more . Shadow chancellor Ed Balls has promised to hike the levy for homes with over £10million , to ensure they make a 'significantly bigger contribution ' . The £2million limit will rise in line with property prices , instead of inflation 'to ensure that more modest properties are not brought into the scope of the tax ' . Labour has joined the Liberal Democrats in promising an extra charge on expensive properties , to target rich homeowners – especially wealthy foreigners who buy up properties in London . There will also be protection for people who do not have large savings or higher earnings , but who live in an expensive home . The Lib Dems used to argue in favour of a 1 per cent charge on the value of any home worth more than £2million , but there are concerns it would be difficult to implement .
Ed Miliband said he would have to pay Labour 's proposed 'mansion tax ' But the Labour leader insisted that did not mean he lived in a mansion . The Prime Minister has been accused of hypocrisy after it emerged his wife Samantha had paid £25,000 for an apartment at 10 Downing Street - but claimed she was only entitled to rent out her home as Comes after he faced ridicule over revelations that he had two kitchens . The downstairs kitchen is used by the family 's live-in nanny .