A CONDO loft that contains a single bedroom in the world’s narrowest home has been sold for £1million – but is only 5ft 5in wide.
The house, in one of the world’s most expensive housing markets, has lost some of its original appeal in the intervening 10 years.SWNS:South West News Service 1 The buyer bought the house in the most expensive market in the world at 8m, before it collapsed
The buyer first purchased the unit at 707 Kensington Close in January 2001.
However, by 2012 it was classified as a non-let property as the 44,000sq ft property was considered only suitable for a business or low-cost holiday home.
Now the one-bedroom property has returned to the market for £1.15million – but has doubled in value in ten years.
Nam Yen, head of sales at Savills, said: “Luxury flat buyers can buy such a compact unit on a new commission basis without having to take on a full mortgage – or at least one mortgage.”
The buyer of the walkable property – which cost the buyer’s budget about £180,000 – ploughed more than £200,000 into conservation schemes to improve the house, with plans to install solar panels and the Maldion of stairs to stairs and 10 separate levels.
Nam warned that sellers who do not use the building as a tax shelter will be liable to buy tax-sheltered three-bed flats at reduced rates.MOST READ IN NEWS Exclusive MCCANNS’ LIBEL HELL McCanns owe £29k libel bill to cop who accused them of killing Maddie ‘my soulmate’ Mum who drowned on a hen do is buried in wedding dress as fiance grieves Breaking BLOOD ON THE STREETS Two young girls seriously injured after being stabbed in London street Exclusive PAEDO’S CASH FEARS Paedo Adam Johnson terrified his victim will sue and leave him broke monster Alesha’s dad screams ‘f***ing scumbag’ at boy, 16, who raped & killed daughter, 6 ‘I’M A VICTIM OF STUPIDITY’ Lidl call cops after couple try to buy gin with daughters, 11 & 14 ‘I’LL LOOK IN MY SPY’ Mum reveals ‘secret agent’ tattooed on her neck is a reflection of her ex
Local historian Claudia Warland – who has had the asking price hiked by £130,000 – said: “It’s an example of the Victorian structures we see – the Maypole, Royal Drawing Room and that Maypole.
“They do look a bit odd but on the whole they are quite a picturesque house.
“I haven’t lived in the house for eight years but I saw the advert two weeks ago and it’s fantastic.“It’s a charming house with a wonderful view.”
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