Posts with tag: studio flat London

Room for Rent in Old Street at £1,083 Per Month

Published On: October 11, 2015 at 3:18 pm


Categories: Property News

Tags: ,,,

This property may be marketed as a studio flat, but really, it is no more than a single bed in a kitchen. It has recently been let for £1,083 per month.

The advertisement for the home on described it as brilliantly furnished, despite having just a desk and wardrobe squeezed in between the sink and bed.

The positive is that the flat is located on Old Street within a three-minute walk of Farringdon Station, one of the new Crossrail hotspots. The building also has an on-site gym.

As flatsharing rents have risen by around 15% in the past three years and six people fight for each double bedroom, young Londoners are increasingly being pushed out of central London or must make huge sacrifices in their housing options.

Recently, we discovered this Harry Potter style cupboard under the stairs being advertised in Clapham for £500 a month: /harry-potter-style-cupboard-under-the-stairs-to-rent-for-500-a-month/


Flat is Less Than 9 Foot Wide but Costs £46,000 a Year

Published On: September 11, 2015 at 2:58 pm


Categories: Finance News

Tags: ,,,

It has just enough space for a single bed and the kitchen is concealed behind a mirror, but this flat does not come with a reasonable price tag.

The apartment on Brompton Road, in Knightsbridge, London, is believed to be Britain’s smallest. With just 72 sq. ft. of space, the flat is around a twelfth of the size of the average new home in England.

Behind a mirrored wall is the flat’s kitchen, featuring a microwave, sink, hob and fridge.

There is just about enough room for a single bed and there is one separate room, housing the shower and toilet. Renters are entertained with a mounted television on the wall.

The flat is in Princes Court, a mansion block considered one of central London’s most desirable places to live, and opposite Harrods. A three-bedroom flat in the complex costs £2.5m.

The studio apartment may be the smallest property on the rental market, but it is far from being the most affordable. At £895 per week, the tenant will pay £3,878 a month or £46,540 over the year.

This is two-and-a-half times the average rent in London and the same price as a seven-bed Grade I Listed country home in Somerset, once owned by Henry VIII.

The letting agent, Harrods Estate, says the “clever design” of the flat means it has everything a tenant could want.

Lettings Director at Harrods Estates, Ed Woolgar, says: “This delightful apartment is situated in the heart of London’s most desirable address, a short walk to Harrods and Hyde Park.

“It’s compact but clever design means that the tenant has everything they need including a hidden kitchen, complete with fridge, microwave, hob and sink, along with a bathroom with shower, basin and WC.

“There is enough space for a single bed and the TV is perfectly positioned for relaxing evenings in.”1