$335,000 for London home the size of a closet
By Anthony Longo 24 01 2007
In one of the most expensive cities to live in the world…you can be sure to find some of the smallest units too!
Location, location, location. Almost anywhere else, the tiny dilapidated studio wouldn’t attract much more than mice. But this is London and the 77-square-foot former storage room — slightly bigger than a prison cell and without electricity — is going for $335,000.
The closet-size space in the exclusive Knightsbridge neighborhood may be only about the size of a ship’s galley, said real-estate agent Andrew Scott, who’s handling the sale. “But it’s permanently anchored to one of the wealthiest neighborhoods in the world.”
At more than $4,340 a square foot, the mortgage buys a spot within walking distance of tony stores like Harrods and London’s iconic Hyde Park. Originally conceived as a maid’s room, the apartment at 18 Cadogan Place hasn’t been used in years and is littered with trash bags and crumbling paint. Continued…
Soucre: Seattle Times, by way of Curbed SF by way of Zillow
Inside Sccop by condoDomain - Scrape together Cash for a unit like this in the States….because you cant finance a unit that small! Usually mortgage companies and secondary markets look for a minimum of 400 sq/ft.
[...] When you compare the price per square foot in the Central Virginia region to here, we are downright affordable! (or here!) A modest mean price per square foot in the Charlottesville are is about $150 per square foot, give or take $50-$75 dollars. [...]