If any further proof is needed how utterly daft house prices are in London, take a look at this tiny 200 ft sq home that just went for £275,000 ($440,000). A staggering 220,000 people viewed the advert for the property in the three weeks before it sold.
The shoebox sized home in Islington, north London, is a fifth the size of an average new build in Britain but it does at least come with a bedroom, bathroom, living area and an open plan kitchen.
Hamish Allan, from estate agency Winkworth, said: ‘We had lots of interest from a broad range of potential buyers.
‘There were first-time buyers, enquiries from people who wanted an extra or spare room and someone else who looked at buying it and putting it on AirBNB. It was only on for three weeks and we had a number of offers. The home is unique, there is no other way to describe it.
‘It used to be a flower shop until the conversion. It is a really cleverly designed home and there is another bed which comes out but we can’t call it a two-bed home.
‘The typical properties we sell range between 1,400sq.ft and 2,200sq.ft and we have sold another one-bed which was 600sq.ft.
‘But we’ve never sold anything this small. It has been a pleasure.’
This particular area of London is an especially expensive place to live as it’s on the highly sought-after Richmond Avenue. This is just one street away from Tony Blair’s former house, which he sold for £615,000 ($985,000) in 1997 but is now worth more than £3million ($4.8 million)