How would a person use this minuscule London flat?
Discussion
https://www.rightmove.co.uk/properties/156968444
9m² and no planning permission for residential use for £65k. Is it purely to get a parking permit?
9m² and no planning permission for residential use for £65k. Is it purely to get a parking permit?
essayer said:
Money laundering?
Guess it could be a crash pad for someone working in town who commutes in from outside, but for £1500 you’d be able to get a double en suite in a house share.. I assume?!
You could rent a normal studio flat for sub £1500 in Pimlico I would think. Guess it could be a crash pad for someone working in town who commutes in from outside, but for £1500 you’d be able to get a double en suite in a house share.. I assume?!
Does seem peculiar.
okgo said:
You could rent a normal studio flat for sub £1500 in Pimlico I would think.
Does seem peculiar.
Don't know about a "normal" studio flat, but there is this nearby for £1,300/month:Does seem peculiar.
https://www.rightmove.co.uk/properties/157116473#/...
You have to share a bathroom with 2 other flats, but looking at positives the rent includes a microwave, 15" TV & the benefit of not having to get out of bed to put the kettle on.
Agent taking the p1ss with this description:
"The flat boasts a large sleeping area with a comfortable double bed and ample storage space, a fully fitted kitchen with neutral decor"
£15K/year in exchange for nowhere to sit other than on your bed & have to walk down a corridor when you need the loo.
Depressing beyond belief.
Edited by OzzyR1 on Friday 31st January 23:59
K50 DEL said:
Why is there a door in the far side of the shower room???
Where does it go, that's my first thought. The listing doesn't mention the shower being shared but nothing would surprise me!
It looks quite bright, so an external door?Where does it go, that's my first thought. The listing doesn't mention the shower being shared but nothing would surprise me!
Presumably if this doesn’t have planning permission for residential use then nobody can live there, but in practice if you wanted to sleep overnight a couple of days a week then there’s no comeback.
It’s unlikely to depreciate so it’s basically free accommodation.
The weirdest aspect, to be honest, is that it is being traded on the open market.
There are tonnes of these illegal hovels in London. If you include West London slave sheds in gardens there are tens of thousands but they don't normally trade hands on the open market.
This one looks kitted out for Airbnb rather than storing slaves but it's still an odd thing to publicly list?
There are tonnes of these illegal hovels in London. If you include West London slave sheds in gardens there are tens of thousands but they don't normally trade hands on the open market.
This one looks kitted out for Airbnb rather than storing slaves but it's still an odd thing to publicly list?
Google the address and it failed to sell back in June via Savills, then again in October via Barnard Marcus. It's now with a firm I know in Hampstead which suggests to me they're hoping to find an overseas buyer as that's the core bread and butter of AHL, along with repos.
The fact that you'd never normally sell this type of thing openly and that it started with Savills and then on to BM and AHL makes me think that it is a lender selling it? So is it a repo? Part of an asset seizure etc?
It's going to have a value but not entirely sure to whom. If you own a home in the building then for the right price it's a guest apartment or stripped out for storage. For an overseas person wanting a London address for various reasons there must be more sensible and secure ways to achieve that. Now it's on the public radar can it be Airbnb's or rented securely?
It's certainly an enigma wrapped in a conundrum.
The fact that you'd never normally sell this type of thing openly and that it started with Savills and then on to BM and AHL makes me think that it is a lender selling it? So is it a repo? Part of an asset seizure etc?
It's going to have a value but not entirely sure to whom. If you own a home in the building then for the right price it's a guest apartment or stripped out for storage. For an overseas person wanting a London address for various reasons there must be more sensible and secure ways to achieve that. Now it's on the public radar can it be Airbnb's or rented securely?
It's certainly an enigma wrapped in a conundrum.
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