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Jan
22
£170,000 for a Closet? - Well, Almost
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£170,000 for a Closet - Well, Almost

A recent BBC NEWS article reported on what is possibly the smallest property to ever go on sale in the UK. At 11ft x 7ft, its total surface area is roughly 77 sq. ft. With the exchange rate at $2.34 CAD for £1.00, the price of this apartment (if one could call it that), is an astonishing $397,800 CAD. This comes out to about $5,166 / sq. ft.

The property is located in the posh area of London known as Chelsea, and Kensington where average property prices hover around £1,145,791 (roughly $2,681,150 CAD). However, more astonishing than the price is the minuscule size of the property, only 77 sq. ft. Toronto has some small dwellings, particularly the bachelor apartments that are in the 400 sq. ft. range. However, none are quite this small.

As you can see in the video, it is quite a dreary space. Plus, you would need an estimated £30,000 ($70,200 CAD) in repairs to make it inhabitable.



Information Improvisation:

There are so many offers given as cheap insurance online insurance agents also serve for this purpose. The home business is a vast term used to urge unemployed people to start working and earning at homes. There are lots of banks that provide loans to the people to give them an initiative. A creditcard can be issued for people to make purchases anytime. It is issued by authorized organizations only. You can make a home insurance claim by giving an immediate notice to the company. For this you have to call your agent. The home mortgage consultant is quick. They immediately consult you within the next business day.

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    3 Comments »

    Comment by Ian
    2007-01-23 09:10:26

    Ha ha, I saw this on the news, tis just daft!

     
    2007-01-23 10:52:45

    […] Original link from Radu’s Real Estate Blog. […]

     
    Comment by radu
    2007-01-23 13:54:24

    And the funny thing is, it still needs tons of work.

    Amazing.

     
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