London’s smallest microflat sells for 80% above asking price
The Guardian says A 7-square-metre microflat, cramming in a bed, toilet, shower, sink and a microwave tucked under the pillow, has sold for 80% above its minimum listing price at £90,000.
The microflat, located in a Victorian conversion in Lower Clapton, east London, is believed to be the capital’s smallest-ever property, marking a turn towards tiny homes driven by the UK’s housing crisis of soaring rent and property prices.
The apartment had a minimum price at auction of £50,000, but sold at 80% higher at £90,000. After its listing it was described on social media as a “posh cell”.
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