What is thought to be Britain’s smallest flat with an area of just 98 square feet has been put on the market – with a long leasehold price of £200,000.
The bijou studio flat in the trendy Victoria Park Village area of Hackney in north London has enjoyed a £60,000 make-over by Winchester-based property developer Gentian.
Inside the first floor apartment is a room containing a washing machine, sink, fridge, hob, microwave oven and deluxe sofa-bed as well as a tiny toilet/shower room.
The only window leads to views over a neighbouring roof and because it is too small for a radiator there is underfloor heating.
It is situated above an Oxfam shop and is being sold on a 999-year lease.
The sale of the pocket-sized apartment is likely to attract investors who could rent it out at £900 a month.
Agents believe it would also suit an owner who works for a few days a week in London and needs a base in the capital.
For the same £200,000 you could buy the freehold of a three bedroom detached house in Hull or a four bedroom semi in Liverpool.
Even in the Hampshire commuter-belt town of Basingstoke you can buy the freehold of a three bedroom house for the same price.
Nick Hanson, the Development Director of Gentian, said: “We have spent £500,000 transforming the block that contains this flat plus two one bed flats and extending the retail unit below.
“It is certainly the smallest home we have ever dealt with and it wouldn’t surprise me if it is the smallest flat in London.
“This area of Hackney has had a boom in recent years and is now quite trendy with good restaurants, and of course it is on the doorstep of Victoria Park.
“This flat is just two Tube stops away from Liverpool Street station so is in a good location.
“Inside we installed a specialist £3,500 Italian-designed fold-down bed that also acts as a sofa, and made as much of the space as possible.
“The kitchenette is functional and we have managed to install a toilet, sink and shower in the smaller of the two rooms, which is no bigger than a wardrobe.
“Clearly it would be more appropriate for a single person rather than a couple -and indeed a single person who is into minimalism.
“It would be ideal for a City worker who just wants to sleep a few nights of the week in London as it would work out cheaper than a hotel.
“There is a high demand for homes across the south east which is why we are confident that this will have no shortage of potential buyers.
”After all, good things come in small packages.”
The agents selling the Lauriston Road flat are Wild & Co.