Neighbours mock £525k price tag on converted London one-bedroom 'shed'

The 'beautifully renovated' one-bedroom spot has gone viral aft TikTok idiosyncratic Charlotte Moran misread the spot listing and thought it was a three-bedroom home

Locals person lashed retired astatine the "ridiculous" asking terms for a converted one-bedroom 'shed' going for £525k.

The 545sq ft redesigned store became an instant online deed aft TikTok idiosyncratic Charlotte Moran recovered the listing connected Rightmove, confusing it initially with the neighbouring three-bedroom spot for sale.

In the look of London's progressively exorbitant lodging market, societal media users suggest that the terms is expected fixed Hackney’s existent mean spot outgo of £710k, arsenic reported by Rightmove. Hidden adjacent to a townhouse conversion connected Kenninghall Road, adjacent to Clapton station, this compact residence boasts a bedroom, bathroom, kitchen/dining abstraction and has a plot with a patio.

Marketed by Winkworth property agents arsenic a "beautifully renovated" abstraction combining functionality with ocular appeal, the spot has nevertheless been vacant for a twelvemonth according to 1 MyLondon informant, who opted to enactment unnamed and reminisced astir a "beautiful garden" that was erstwhile there. "It's ridiculous," they disclosed, dismayed by some the terms and size.

"The location looks truthful unusual and it's frankly not worthy that much. A three-bedroom level connected the aforesaid thoroughfare conscionable sold for £535k. The level tin hardly acceptable 2 radical successful it, I'm not definite who would privation it", they added.

Another section nonmigratory expressed akin scepticism astir the flat's hefty terms tag, but conceded it's "typical" for specified tiny spaces to bid precocious prices successful today's London spot market. Back successful 2004, Hackney Council granted readying support to the owners of the neighbouring spot to alteration a store oregon retention country into a one-bedroom home, reports MyLondon.

However, this July, 2 decades later, proposals to adhd an other level level to location a bedroom, en-suite bath and retention country were turned down. The readying serviceman deemed it an intrusive and incompatible improvement that would negatively interaction the area.

George Papanastasiou, a Kenninghall Road resident, suspects the landlord hiked up the terms owed to Clapton's entreaty to spot seekers. "It's truly bully here. The country is truly casual to commute from and there's loads to do."

He added, "The landlord was trying to capitalise connected this. It happens with tons of properties successful this portion of Hackney."