Property News · October 9, 2014

£100,000 tiny London flat snapped up after price cut


‘Bijou’ Streatham studio flat was originally on market for £130,000 – but there are some drawbacks to minuscule property• Britain’s smallest £1m flat up for saleThink you can’t buy a flat in London for under £100,000? Think again. This pad in Streatham, south London, has just been reduced to £99,950 – or less than the cost of an underground parking space in Kensington.In recent months average prices in the capital have hit more than £500,000, and affordable properties have become thin on the ground. However, some experts have claimed the tide is turning, with Rightmove reporting falling asking prices in the capital and the CEBR suggesting, across the UK, that prices could drop by 0.8% in 2015. In the meantime, however, auction properties aside, this is currently the only home costing below the £100k mark with a London postcode listed on the main property websites. Continue reading…

Source : theguardian.com
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