Friday 17 March 2017

Tiny London house sells in Chelsea for £700,000 - £100,000 more than expected

Outside of the tiny house in Chelsea

A tiny house in London has sold for £100,000 more than the asking price.
The cottage in Britten Street in Chelsea sold for £713,823, despite going on the market for "only" £600,000 in February.
Estate agents say the home was subject to a last-minute bidding war, even though the building is in need of complete renovation.
Despite being 23 square metres (250 sq ft), the property includes a bedroom, bathroom, kitchen and reception.
The bedroom of the house.
Image caption"A terrific opportunity to re-fit" - or to put it another way, needs a lot of work doing to it
Douglas & Gordon, which looked after the sale, say more than 100 people viewed the house.
It was eventually bought by Robin Swailes, who called it a "small but beautiful" property.
The downstairs interior of the house.
Image captionThe bathroom is hidden away next to the kitchen area
Sales manager Ed McCulloch described the house as "totally unique, a one-off" and said it was the smallest freehold property he had ever seen in Chelsea.
He also suggested Mr Swailes had made a wise move.
"When fully refurbished, the value of this proper Chelsea gem will almost certainly increase.
"Properties this unique are extremely rare, and the person who owns it can be safe in the knowledge that no-one else lives in a house quite like them."
St Luke's Gardens
Image captionSt Luke's Gardens in Chelsea - not bad as a substitute for a garden
Compared to the rest of the area, the property's a bargain - the average house price in the Kensington and Chelsea area is more than £1.9m, according to Rightmove.
An estate agent claimed the house could be worth £1m once it's done up.
There's no garden, but the house is right next to St Luke's Gardens, a local park.