A 7 m² micro-apartment put up for auction in London

There is just enough space for a single bed, a shower with toilet, a sink, a microwave oven and a few shelves, drawers and cupboards.

London's smallest apartment for sale went up for auction on Tuesday and Wednesday.

In total, it comprises only 7 square meters, reports 

Located in the east of the British capital, this micro-apartment had been acquired for 103,500 pounds (124,000 euros) in May 2017. It was rented for 800 pounds per month, or 960 euros, by a person who lived there one to two days per week.

The starting price at auction for this refurbished accommodation was 50,000 pounds (about 60,000 euros).

London's smallest microflat up for sale at £50,000 for 7 square meters https://t.co/AQQs3vpcZD pic.twitter.com/ZRRxSOcRjC

— Guardian news (@guardiannews) February 17, 2022

Access to this content has been blocked to respect your choice of consent

By clicking on "

", you accept the deposit of cookies by external services and will thus have access to third-party content

I ACCEPT

You can also modify your choices at any time via "choice of consent".

More information on the Cookie Management Policy page.

Interesting for an investor

The photos show that the bed has been placed high up to create as much storage space as possible.

The tenant can eat a meal prepared in the microwave on a folding table.

And between the bed and the wall, there seems to be almost enough space to extend both arms.

At the origin of the auction, the My Auction website specifies that the accommodation can be rented for around 10,000 pounds per year.

The organizers of the sale expect the apartment "to be bought by an investor rather than by a first-time buyer, the big banks not lending on such small surfaces".

Microflats are spreading in London, as

When they are put up for rent, they "certainly find takers as the prices of real estate for purchase and rental are high", analyzes master Gabrielle Eisenscher, lawyer in international law, interviewed by

.

Something impossible in France, where rental accommodation must have a living area of ​​at least 9 m².

Economy

Hong Kong: An apartment sold for 156,000 euros per square meter, a record

Did you see ?

United Kingdom: An igloo offered at 285,000 euros on the site of a real estate agency

• London

• Auction

• Immovable

• Auctions

• Apartment

• Did you see ?

• 0 comment

• 0 share

  • Share on Messenger

  • Share on Facebook

  • Share on Twitter

  • Share on Flipboard

  • Share on Pinterest

  • Share on Linkedin

  • Send by Mail

• To safeguard

• A fault ?

• To print