Yahoo Finance Yours for £150,000 – the zero bedroom flat overlooking Harrods
Savvy property investors are believed to be scouring London's most prestigious postcodes for pandemic bargains. But even the most opportunistic real estate hunters will be surprised to find an apartment overlooking Harrods and Hyde Park for just £150,000.
There is one catch, however: the "zero bedroom flat" measures barely 8 square metres, or 89 sq ft in old money.
Regulations prevent developers from building homes smaller than 37 sq m, more than four times the size of this Knightsbridge property.
Estate agent Knight Frank describes the apartment as a "blank canvas" for a potential buyer to make their own.
A Knight Frank spokesman said: “The minimum space standards are only relevant to planning permissions in London for newbuild residential developments and converted properties constructed after 2011...
"The property at Princes Court on Brompton Road was originally leased in 1976 and has been used as residential accommodation prior to the minimum space standards coming into effect. Knight Frank can confirm that the property complies with all relevant regulations.”
Heating and hot water are included in the service charge, the agency added.
Thangam Debbonaire, Labour's shadow housing secretary, said: “This outrageous advert is evidence of a broken housing market and shows why we need more truly affordable homes."
