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.

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”.

https://www.theguardian.com/uk-news/2022/feb/23/londons-smallest-microflat-sells-for-80-above-asking-price

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