Alya Mooro | Contributing Writer | Thursday, 21 January 2016

Behold, This Is The Cheapest Flat In London

Behold, This Is The Cheapest Flat In London

The Debrief: Maybe we should all just call London quits right now...

Every day, it seems, there's a new panic of the how-the-hell and are-we-even-ever-going-t0-manage variety, when it comes to getting on the property ladder. Indeed, even David Cameron, yup, the prime minister himself, is worried his kids are never going to be able to afford to buy a house. Yeah, the situation has gotten that dire.

But never fear! The cheapest flat in London has just sold for 79,000 pounds which really isn't that bad,  if you think about it. The trick, it appears, is maybe just not to think about it too much. Or even look at it.

Described as 'an exceptionally rare opportunity for a first-time buyer, landlord or commuter seeking a bolthole to purchase a property in a desirable part of London for the same price as a high-end family car,' the Clapton based property is, at 75 square feet, potentially the smallest thing we've ever seen in our lives.

With a single bed, sink and desk piled into a tiny room (we assume there's a shower, toilet and some sort of kitchen unit elsewhere), the flat received nine offers, and was finally sold at above asking price. In cash, because it's legally not large enough for building societies or banks to lend money for purchase. 

Perhaps further indication to just how horrific the situation has gotten, some of us at The Debrief HQ didn't even think the flat was that bad.

Like this? You may be interested in...

Housing Trends In 2016: We're All Moving To Margate

Even David Cameron Is Worried His Kids Will Never Be Able To Buy A House

The Reality Of Trying To Rent In London

Follow Alya on Twitter @moorizZLA

Tags: Housing Woes