Flat overlooking Harrods goes on the market for just £150,000

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One-room 89-foot square flat overlooking Harrods goes on sale for £150,000 - without a bedroom OR a bathroom

A tiny one-room apartment has been listed for £150,000 in west London Homebuyers could afford a two-bedroom house in Chorley or Portsmouth Flat is in Knightsbridge, London, where average homes sell for £3.3million

By Joe Davies For Mailonline

Published: 15:58 GMT, 13 March 2021 | Updated: 21:32 GMT, 13 March 2021

MPs have slammed the UK's broken housing market after a flat with no bedrooms or bathrooms was put on the market for £150,000.  

The apartment is in Knightsbridge, one of the poshest areas of London where homes sell for an average of £3.3million.

It overlooks the capital's prestigious Harrods department store and Hyde Park, but there is a catch — the pad is only 89sqft (8.3sqm). 

Politicians have blasted the 'outrageous' listing, saying it is demonstrates the need for more affordable homes in the capital.

A flat overlooking London's prestigious Harrods department store and Hyde Park is on the market for just £150,000, but there is a catch — the 89sqft (8.3sqm) pad does not come with a bedroom or bathroom 

 The the zero bedroom flat Princes Court is described as a 'blank canvas' by estate agent Knight Frank

Thangam Debbonaire, Labour's shadow housing secretary, told the Daily Telegraph: 'This outrageous advert is evidence of a broken housing market and shows why we need more truly affordable homes.'

Regulations introduced in 2011 prevent property developers building new homes that are smaller than 400sqft (37sqm).

But as the flat was first leased in 1976, it is not technically breaching current laws, despite the 'blank canvas' single-room not even featuring a toilet. 

The flat in Princes Court is going to auction on March 31 with a guiding price of £150,000. The building itself is currently undergoing major renovation work.

For the same price, a homebuyer could get a two-bedroom house with a garden in Portsmouth, Chorley or Loughborough. 

Regulations prevent property developers building new homes that are smaller than 400sqft (37sqm) but as the flat was first leased in 1976, the flat is not technically breaching current laws

Knight Frank, selling the house, said the flat complies with 'all relevant regulations' and added it comes with heating and hot water included in the service charge.

A spokesman said: 'The minimum space standards are only relevant to planning permissions in London for newbuild residential developments and converted properties constructed after 2011.

'The property at Princes Court on Brompton Road was originally leased in 1976 and has been used as residential accommodation prior to the minimum space standards coming into effect.' 

 It comes after Chancellor Rishi Sunak earlier this month announced the Government will maintain the temporary increase in the 'nil rate' stamp duty band at £500,000 in England and Northern Ireland until June 30.

From July 1, the nil rate band will reduce to £250,000, until September 30.

An additional 300,000 transactions in England could benefit from the stamp duty extension announced in the Budget, according to estimates. 

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