London’s smallest microflat sells for 80% above asking price
by Jem Bartholomew from World news | The Guardian on (#5WEYP)
Seven-square-metre posh cell' in Lower Clapton fetches 90,000 at auction
A 7-square-metre microflat, cramming in a bed, toilet, shower, sink and a microwave tucked under the pillow, has sold for 80% above its minimum listing price at 90,000.
The microflat, located in a Victorian conversion in Lower Clapton, east London, is believed to be the capital's smallest-ever property, marking a turn towards tiny homes driven by the UK's housing crisis of soaring rent and property prices.
Continue reading...