UK Markets closed

79sq ft studio for sale in Notting Hill - and it can’t be lived in full time or let out

·1-min read
 (Rightmove)
(Rightmove)

A flat is on the market in an end-of-terrace period townhouse in Kensington & Chelsea – London’s most expensive borough – for £150,000.

In “the heart of Notting Hill” according to the listing, it is close to some of London’s loveliest garden squares and best bars and restaurants.

It is almost a third cheaper than the average studio in central London, costing £424,000. However, there is a catch.

The leasehold studio is available to cash buyers only so cannot be bought with a mortgage.

 (Rightmove)
(Rightmove)

Despite having had its asking price reduced in June, at just 79sq ft, the “London bolt-hole” works out at £1,899 per sq ft. The average for the W11 postcode is £1,453 according to Lon Res.

Listing photos of the tiny property show a shower next to a freestanding kitchen cabinet with sink and two-ring hob, with a single bed on the other side. A corner cupboard next to the TV is actually the loo.

The studio also can’t be used as a main residence, so couldn’t be lived in full time, and also can’t be let out.

A prospective buyer will also have to fork out for some serious renovation work. As the listing notes the property “needs complete modernising throughout”.

Read More

Stamp duty holiday end: where London first-time buyers can still avoid property tax

Affordable housing in London: how a group of friends plans to buy a converted pub in Peckham to get cheap rent

London leavers: ‘We swapped a rented two-bed in Bounds Green for a house by the sea in Devon’

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting