Tiny Knightsbridge studio on the market for the bonkers sum of £1.375 million or £3,000 per square foot will set a new record if it sells for its asking price
Priced at £3,029 per square foot ($4,221 or €3,834 per square foot), a pint-sized studio flat in Egerton Gardens, Knightsbridge has been placed on the market for the not so insubstantial sum of £1.375 million ($1.916 million, €1.741 million).
Comprising of just 454 square foot of accommodation on the first floor of a red brick block named Southwell House, the somewhat dated apartment consists of an 18’10” square room with a balcony, a tiny kitchen and an equally minute bathroom.
The apartment – which is accessed by a lift and comes with access to communal gardens – is for sale through Hobart Slater. If it achieves its asking price it will make another studio in Egerton Gardens that we featured in January 2016 seem cheap – that particular property was offered for £2,268 per square foot ($3,284 or €3,025 per square foot) or £1.175 million ($1.7 million or €1.6 million).
If ever there were a sign of an overheating market, this is it: In 1988, a broom cupboard in Knightsbridge sold for £36,500 (the equivalent of £91,789 or $127,756 or €115,952 today). Months later, the economy collapsed and studios, given their limited appeal, were the first to see their values plummet.
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