Londons smallest house

perfect for someone with no belongings that never plans to have any.

I have a 1 bed flat with 2 storage cupboards and a pantry cupboard and I still wish I had more storage.
 
Location is pretty good, near to where I lived when I first moved to London... its basically a 'studio' rather than a house... though for a studio you'd generally expect more like 300 sq ft or more... not 180...

Maybe it would be OK for a student or recent graduate - can't see it being something someone would buy to live in but could easily see someone who's just landed a job wanting to rent something like that.

Plenty of places in London to rent which essentially consist of a bedroom with a small kitchen unit... just wouldn't want to stay in one unless it was a temporary solution.
 
£275,000 for a shed?

i can get a 4/5 bedroom detached house with a huge front/back garden for that around here
 
The cooking smells and grease would end up in your bed - and photos always make things look bigger in property photos, so definitely not for me. For 275k even around a London you can find a lot more.
 
Judging by the neighbouring buildings, there is potential to build extra storeys on top. Could be a shrewd purchase if so!
 
Barely a shack or a shed :S

I don't require that much but I'd go crazy if I had to spend any length of time living without atleast twice that amount of space.
 
I'm assuming some of the surprised posts in here are because its been labelled a 'house' - its basically a standalone bedsit/studio and in that context its slightly on the small side but not exactly anything massively out of the ordinary.

Price simply reflects the area - its a pretty nice area of London... you can easily spend a couple of million upwards for a typical terrace house round there... actual flats often go north of 600k so a small bedsit/studio is probably correctly priced at 275k....
 
MrMoonX said:
Just a depressing reality check for the property market, there going to be a big big crash someday
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how is that going to happen, given the illiquid nature of the market and continuing demand for houses.... Its in a well developed prime location... while more homes can be built elsewhere if people want to live in that area, in zone 1... there is limited choice, high demand and plenty of people willing to pay...

big big crash is very unlikely... a bit of a drop and some stagnation is possible, a gradual decline is possible... I just don't think the nature of the market allows for huge crashes - if people can't afford to move or see the equity in their homes wiped out then they just won't sell and each drop in prices simply allows people still wanting to get on the ladder to do so
 
dowie said:
big big crash is very unlikely... a bit of a drop and some stagnation is possible, a gradual decline is possible... I just don't think the nature of the market allows for huge crashes - if people can't afford to move or see the equity in their homes wiped out then they just won't sell and each drop in prices simply allows people still wanting to get on the ladder to do so
Click to expand...
Outside of a recession / economic shock the only thing that will shift the market now is a rise in interest rates. Salaries are already far below where house prices make any sense.
 
Wouldn't be too bad if there were small homes like it available for people who don't mind and maybe prefer it outside of London. I'd much rather buy a tiny home for 40-50k than rent a scabby flat paying someones BTL mortgage off.
 
We really are in the mire in this country regarding housing.

Prices are going up and properties are getting smaller.

We have a housing shortage and then the government implement a crazy help to buy scheme.

Can it continue?
 
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