With its breathtaking river views , neo-Gothic period features and world class location in the heart of London , the Palace of Westminster is the ultimate dream home . And if housing campaign group Generation Rent gets its way , this could become a reality for hundreds of Londoners , as well as saving the Government £120million over five years . The organisation has come up with a plan to transform the World Heritage site into 364 affordable flats in a bid to save taxpayers money and relocate Parliament to - Hull . As part of the stunt to raise awareness about the lack of social housing , the group said the move would create 500 jobs in a northern town and save millions in staffing costs . Housing campaign group Generation rent has proposed moving Parliament to Hull and converting the empty buildings into 364 flats . Flats would be available in the historic building for £258 per week for a one-bedroom flat ( £1,118 per month ) , £299 for a two-bedroom ( £1,297 per month ) and £350 for a three-bedroom ( £1,520 ) under the fantasy scheme . Architect Jay Morton has made the most of the high ceilings in the plans as these would be split to make room for three-bedroom maisonettes for families . Corridors will be transformed into one and two-bedroom flats with windows on both sides . The iconic debating chambers on the ground floor of the Grade I-listed building would be turned into a swimming pool and a library as the ground floor has been deemed a flood risk . Ms Morton , who drew up the plans , said : 'This redevelopment would provide a unique opportunity to renovate the existing fabric of the building and provide much needed accommodation for those who live and work in the city , while re-injecting a community back into the heart of the borough . ' The Palace of Westminster 's high ceiling would be split to make room for three-bedroom maisonettes for families . The numerous courtyards within the Parliamentary estate allow many of the homes to be dual aspect . The campaign group is aiming to raise awareness about the lack of social housing and suggest cost-saving measures for the Government . It suggests relocating MPs and Lords to Hull which boasts the cheapest rent in England with £325 per month for a one-bedroom home . 'This is an idea that will save taxpayers money , help build houses in London and give a disadvantaged northern economy a welcome boost , ' according to the plans . The proposal pointed out that 335 MPs rent second homes and claim expenses , costing the taxpayer £5.21million in 2013 . Generation Rent also hopes it would create 5,000 badly needed jobs in the disadvantaged northern city . Corridors in the iconic building would be transformed into one and two-bedroom flats with windows on both sides . The flats in the World Heritage site would be available from just £258 per week for a one-bedroom flat . The iconic chambers on the ground floor of the Grade I-listed building would be turned into a swimming pool and a library . 'It also costs more to employ people in London . If Parliament were located in a cheaper part of the country , there would be annual savings of £20million in reduced employment costs , and the creation of 5,000 badly needed jobs , ' said the plans . Selling 'the prestigious riverfront offices ' of Portcullis House , currently home to MP 's offices , could also provide a tax windfall of up to half a billion pounds . Alex Hilton , director of Generation Rent ( the operating name of the National Private Tenants Organisation ) , said it would effectively illustrate the rent crisis in the capital to MPs . 'Renters are being crushed by high rents , poor conditions and almost no security of tenure . 'With their generous rent allowances from the taxpayer , MPs are cocooned from the housing crisis so they 're largely indifferent to the plight of renters . The proposal suggested relocating MPs and Lords to Hull which boasts the cheapest rent in England of £325 per month for a one-bedroom home . There is no set site for Parliament to be held in Hull , but the campaign group suggested a derelict site near the station . 'One way our politicians could bear their share of austerity is if we relocated Parliament to the least expensive part of the country . We hope our proposal gives MPs a sense of humility and some urgency to ending the housing crisis . ' The idea provoked a mixed reaction with some upset only that it will never happen in reality . Dan Bryant ‏tweeted : 'The idea of moving Parliament to Hull is just brilliant on so many levels . ' Alan Smith , a member of Otley and Yeadon Labour party , said : ' I think face-to-face discussion is important . But I 'd definitely vote for parliament moving to Hull . Referendum ? ' Sue Brown tweeted : 'Not sure if we want all the MPs to come here to be honest . ' Tom Coles said : 'Unfortunately do n't think this would ever happen . '
Campaign group proposed to move Parliament to Hull and convert building . Palace of Westminster would be transformed into 364 affordable flats . One-bedroom flat in iconic building would be available for £258 per week . Swimming pool would be built in iconic debating chambers . Generation Rent suggested relocating MPs and Lords to Hull , Yorkshire . Housing campaign group believes this would save £120m over five years . Some 335 MPs rent homes and claim expenses , costing £5.21m in 2013 .