Oh the irony: Miliband's London home would be hit by Labour's mansion tax

Ed Miliband's London mansion is pricier than the city homes of David Cameron, Nick Clegg or Nigel Farage

Labour party leader Ed Miliband delivers his keynote speech at the annual party conference on September 24, 2013 in Brighton, England. The Labour leader outlined his party's manifesto pledge to cut taxes for small businesses and to build 200,000 new homes a year by 2020
No, no, no. My house is much bigger than Cameron's. Credit: Photo: Getty Images

Ed Miliband's north London home - worth £2.7m and more than triple the area's average house price - would be subject to his own mansion tax should Labour win the general election.

Miliband would be the only party leader forced pay Labour's controversial home ownership tax - aimed at wealth householders with properties worth more than £2m and designed to pay for NHS nurses.

Both David Cameron and Nick Clegg's London homes just fail to meet the threshold for the Labour's tax, valued at £1.97m and £1.89m respectively. Ukip leader Nigel Farage's home in Downe, Kent came in at a more modest £550,000.

This new analysis from the property portal, Zoopla, comes after Mr Miliband was criticised for having a photo taken of him and his wife enjoying a cup of tea in a remarkably spartan kitchen, after it transpired they had a much bigger one in the lower ground floor.

Ed Miliband and Justine Thornton in the kitchen

The picture that Ed Miliband has come to regret. Photo: BBC

"Soulless second kitchen or not, Ed Miliband’s home is in a desirable part of London and is now worth a lot more than he paid for it before the last election. He may, however, have to put any plans for upgrading his kitchens on hold if Labour comes to power as his tax bill is likely to rise by at least £3,000 per year," said Lawrence Hall, analyst at Zoopla.

David and Samantha Cameron talk to James Landale in their kitchen

However, this analysis does not take into account the individual politician's wider property portfolio.

Ahead of tonight's televised political debates, in which housing supply and house prices are bound to appear on the agenda, new research from the property group Savills has found that house prices in luxury London have started to slip - hit by the Conservative's stamp duty reform and the fear of a mansion tax.