Britain’s smallest million-pound home has been put on the market with the tiny flat boasting less space than a train carriage.
Most people looking to splash out on a seven-figure home might expect an eight-bed townhouse or a large country property.
But life is different in Mayfair, London, with one estate agent putting this pint-sized pied-a-terre on the market for £1million.
The basic home has one bedroom, a little kitchen, bathroom and living room and is spread across just 461 sq/ft.
This makes it the equivalent size of a large LIVING ROOM in a typical family home and smaller than a tube carriage on the London underground.
Anyone interested will have to stump up a £3,000-a-year service charge but they do get a 24-hour porter with the flat.
The property, on the market with Wetherell Estates, has attracted its eye-watering price-tag because of its location.
Nobu, the world famous restaurant, is a few doors down while the Ritz is at the end of the road.
It is half the size of a typical new home but, at £1 million, the flat is six times the price of the average home property sold in England and Wales.
Despite the asking price, the flat is expected to get a lot of interest from customers wanting to live in the desirable London location.
Peter Wetherell, who is managing the sale, said: “A few years ago you could find a property like this for £250,000 but an entry-level one-bedroom flat in Mayfair is now £1 million.
“You have some wonderful neighbours with this flat. You turn left and it is the Ritz and go right and you’ll find Berkeley Square with London’s oldest trees. You’re right in the heart of Mayfair.
“It could be a very nice pied-a-terre but I think someone will actually live there. It is the first rung on the ladder for the Mayfair experience.”
The property, on Berkeley Street, demonstrates the incredible position of the London house market, with prices going through the roof.
A number of MPs recently conceded they wouldn’t be able to buy a home in their London constituency if they were house-hunting.
And in some areas prices are going one way, with Wetherell Estates recently claiming the price of property in Mayfair could double again over the next decade.
