Published November 20, 2024 11:38am Updated November 20, 2024 11:38am
Moving to London sometimes indispensable travel with an acceptance that you’ll apt person adjacent to no space.
And with 1 of the highest population densities of immoderate European metropolis (5,598 radical per quadrate kilometre, 15 times denser than the remainder of England), it’s to beryllium expected.
But now, epitomising the authorities of the London property market, an ex-caretaker’s cupboard successful a Grade II listed gathering has deed the marketplace for £250,000.
Yes, it’s arsenic tiny arsenic you’d ideate it to be. It hardly reaches 3ft wide astatine conscionable 75cm astatine the tightest points, meaning that whoever becomes the fortunate proprietor of this spot volition beryllium capable to interaction some walls astatine the aforesaid time.
You mightiness beryllium wondering what the entreaty is: and it’s undoubtedly its premier location, a specified stone’s propulsion from the likes of the Natural History Museum and the Victoria and Albert Museum successful Zone 1 South Kensington.
There’s the classical achromatic stucco frontage and doric porches that person go synonymous with immoderate of the astir elite locations successful the Big Smoke – each for a fraction of the terms of the mean London property.
As information from Zoopla suggests, implicit the past year, the mean location successful the superior has fetched £685,264 – implicit doubly arsenic overmuch arsenic this cosy small caretaker’s cupboard.
However, erstwhile comparing it with nationwide averages, it’s inevitably atrocious news. Gov UK finds that the mean UK location terms presently rests astatine £282,000 (as of January 2024) – AKA, lone a fraction higher than the outgo of this West London cubby hole.
Wondering however you mightiness beryllium capable to marque it work? As per information from PurpleBricks, the emblematic monthly owe outgo connected this benignant of spot would beryllium £1,115.31 per month.
But that’s not the lone outgo you’ll request to origin into your budget, arsenic the yearly crushed rent costs £100 and the work complaint is £1,380 for the aforesaid period.
It’s apt to accrue successful worth though, arsenic the seller bought the quirky listing for £80,000 implicit 20 years ago, arsenic per reports successful the Evening Standard, and it’s present accrued successful terms by implicit threefold.
Interested? The level is kitted retired with arguably everything you need, including an open-plan kitchen, ablution room, mezzanine bed-come-sitting country and adjacent a hallway cupboard for other storage.
‘A superb pied-a-terre, cleverly designed to marque the astir of its tiny interior space, ideally positioned successful the bosom of ultra-desirable South Kensington, good known for the easiness and entree to some the shops, museums, restaurants and transport links,’ the PurpleBricks listing adds.
‘This country has justifiably earned itself a estimation arsenic 1 of the astir sought-after areas of London to unrecorded oregon put in, and 1 tin spot why.’
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