A flat in Knightsbridge opposite Harrods is on the market for GBP175,000. But there is a catch. According to the floor plan posted alongside the listing the flat has no bathroom, toilet or kitchen. The tiny property is located on Knightsbridge’s ninth floor at Princes Court block. This area is where the average home sells in the region of GBP3.3 million. Knight Frank is marketing the property as a “shell condition” flat that can be “easily fitted out to buyers’ liking.” The property has a Westminster ‘A” parking permit, 24hr security, and a dedicated building manager. It is located on the ninth floor, away from traffic. “READ MOREHackney microstudio smaller than a parking spot sells at auction for GBP40,000 more than the guide pricePint-sized pad: Will tiny London micro-flats get more first-time buyers? A relict Victorian house in West Hampstead has been transformed into 14’micro-flats,’ which are smaller than Travelodge rooms. The flat will go up for auction with a guide cost of GBP175,00. The block has seen other mini apartments. A 1930s building is currently being renovated. A smaller, but no less intimate, room was also available on the eighth floor, which sold for GBP150,000 earlier this year. It also had no toilet or bedroom. Last year, a’micro penthouse’ in the block was sold for GBP325,000. It measured 128sq feet and cost GBP2,539/sq ft. Space-saving architects were brought in by the block to fit in a bed as well as a kitchenette. London’s sky-high property prices and scarcity of supply have accelerated the demand for tiny houses or micro-flats. A Hackney 75sq ft flat was sold at auction in February for GBP90,000. It consisted of a single room and an adjoining wet area that were carved from a Victorian corner house. The flat was originally listed at 50,000 but the seller increased the price after receiving a lot of media interest.
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