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.
Mr Miliband lives in a four-storey Victorian town house worth £2.7million.
Comes after he faced ridicule over revelations that he had two kitchens.
The downstairs kitchen is used by the family's live-in nanny.