Anorak News | The £3million One Bedroom London Flat

The £3million One Bedroom London Flat

by | 5th, June 2007

THE most expensive one bedroom flat ever to go on the market in London is set to fetch over £3million, according to the Daily Mail.

The bizarre price tag put on the Belgravia apartment is, according to property experts, proof that the capital has now become detached from the rest of the country’s housing market because of the massive influx of foreign wealth and spiralling City bonuses.

Despite recent interest rate hikes, property prices went up in London by 2.3 per cent last month while year-on-year, prices have jumped by a huge 15.6 per cent.

So what do you get for your £3million? Well, there’s a large drawing room, a good-sized kitchen and that one solitary bedroom, with en suite bathroom, of course.

What about the neighbours? There’s Liz Hurley, Roman Abramovich and Roger Moore. And David Blunkett’s abode is within walking distance.

Even with only one bedroom, the Eaton Place apartment does boast a floor size of 1,400 square feet, about the average size of a four bedroom flat elsewhere.

Alex Stroud of Savills is non-plussed at the £3million price tag. Says he: “Personally, I would rather buy a wonderful one-bedroom flat than a mediocre two-bedroom flat of the same size. After all, who wants guests to stay?”

Friends? He’s an estate agent…

Posted: 5th, June 2007 | In: Money Comment (1) | TrackBack | Permalink