Property in London: Tiny Notting Hill apartment with dining area away from toilet on the market for £2,170 a month
Londoners might think twice about living in the capital, as the average rent is now around £2,200 per calendar month. A Notting Hill studio has come on the market for just under that price and the space, or lack thereof, would make you think twice the price of property in the capital. The studio is located within walking distance of Hyde Park, Portobello Market and many other central London locations, but would you compromise on location over living space?
The studio in question has a double bed, toilet, cooking facilities and a television placed on the wall. Surprisingly, the dining room is within touching distance of the toilets and located right next to the toilets. The oven opens to the bed and there doesn’t seem to be much space between the oven door and the bedposts when the oven is fully open. The property is advertised by Zoopla and has an asking price of over £2,170 per calendar month.
In the advert for the one bed and one room property it is marketed as having parquet flooring, a tiled shower room and a fully fitted kitchen. It is let fully furnished for £2,170 per month through ESON2 letting agents. Zoopla’s Daniel Copley told the Daily Mail: “This contemporary studio has an enviable location in the heart of London. The pretty streets of Notting Hill and Portobello Market are located a stone’s throw away.”
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Although the price seems high for a studio apartment, according to Rightmove the average rent in London now stands at £2,193 per month, up 14.3% from £1,919 last year. Steadily rising prices mean Londoners now have to make a trade-off between space in their property and location. Property experts believe the London house market will see prices rise at a disproportionate rate to the space you live in.
Argen Ahli, 31, of Foxton Estate Agents, said: “The price is high for this studio, but not uncommon. London has seen a property price boom and now landlords are getting less space for their money. When you think about the property, you have to prioritize whether you want a better location or more space, something the renter hasn’t had to do until recently.”
It’s not the only property that has raised Londoners’ eyebrows and in east London a refurbished ‘shed’ is selling for £380,000. The house was recently reduced by £50,000 and remains on the market. Londoners’ distaste for the current property market meant that when first listed the price was branded ‘absurd’ and ‘crazy’.
The Notting Hill property has yet to receive any reviews, good or bad, and is still for rent after being listed on April 12. You can view the property here.
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