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Flat overlooking Harrods goes on the market for just £150,000


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Thangam Debbonaire, Labour s shadow housing secretary, told the Daily Telegraph: This outrageous advert is evidence of a broken housing market and shows why we need more truly affordable homes.
Regulations introduced in 2011 prevent property developers building new homes that are smaller than 400sqft (37sqm).
But as the flat was first leased in 1976, it is not technically breaching current laws, despite the blank canvas single-room not even featuring a toilet. 
The flat in Princes Court is going to auction on March 31 with a guiding price of £150,000. The building itself is currently undergoing major renovation work.
For the same price, a homebuyer could get a two-bedroom house with a garden in Portsmouth, Chorley or Loughborough.  ....

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Yours for £150,000 - the zero bedroom flat overlooking Harrods


Yours for £150,000 – the zero bedroom flat overlooking Harrods  
Estate agent Knight Frank describes the 89 sq ft Knightsbridge apartment as a blank canvas for a buyer to make their own
13 March 2021 • 11:08am
Savvy property investors are believed to be scouring London s most prestigious postcodes for pandemic bargains. But even the most opportunistic real estate hunters will be surprised to find an apartment overlooking Harrods and Hyde Park for just £150,000.
There is one catch, however: the zero bedroom flat measures barely 8 square metres, or 89 sq ft in old money.
Regulations prevent developers from building homes smaller than 37 sq m, more than four times the size of this Knightsbridge property.   ....

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