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Marylebone’s ‘crash pad’, which is the size of two parking spaces, sells for £295,000

One of London’s smallest apartments sells for top dollar! Marylebone’s top-of-the-line ‘crash pad’, which is the size of two parking spaces, sells for £295,000

  • A 14 square meter flat on York Street in Marylebone has sold for £295,000
  • The property offers just enough space for a sofa bed, a kitchen and a bathroom
  • York Estates marketed the house to commuters looking for a London ‘crash pad’

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A tiny ‘crash pad’ sold for £295,000 despite being one of the smallest apartments in London.

The Marylebone property is just 14 square meters and is the barley of two parking spaces.

The Georgian townhouse, located on York Street, offers just enough space for a sofa bed, a kitchen and a bathroom.

York Estates marketed the tiny house as a ‘crash pad’ for those traveling to the capital.

The estate agency says the cost of living crisis has fueled a “growing demand” for tiny homes.

A tiny ‘crash pad’ in Marylebone has sold for £295,000 despite being one of London’s smallest flats

The Georgian townhouse, located on York Street, offers just enough space for a sofa bed, a kitchen and a bathroom

The Georgian townhouse, located on York Street, offers just enough space for a sofa bed, a kitchen and a bathroom

The Marylebone property measures just 14 square meters and is barley the area of ​​two parking spaces

The Marylebone property measures just 14 square meters and is barley the area of ​​two parking spaces

York Estates has sold the flat, which includes an en-suite shower room and open-plan kitchen, to a buyer who plans to use it as a part-time base in London.

The new owner also plans to offer the property on AirBnb when not in use.

Julia Lilley, owner and founder of York Estates, says rising rents, mortgages and energy prices are pushing Britons to buy so-called tiny homes.

“After the pandemic, we are seeing an increasing number of clients looking for a small flat in London as a base to base themselves during the working week,” she told The Times.

Earlier this year a seven square meter flat in Clapton sold for £90,000 and won bids from ‘all over the world’.

York Estates has marketed the tiny house as a 'crash pad' for those traveling to the capital

York Estates has marketed the tiny house as a ‘crash pad’ for those traveling to the capital

The flat has been sold to a buyer who plans to use it as a part-time base in London

The flat has been sold to a buyer who plans to use it as a part-time base in London

The new owner also plans to offer the property on AirBnb when not in use.

The new owner also plans to offer the property on AirBnb when not in use.

It has an en-suite shower room and an open plan kitchen

It has an en-suite shower room and an open plan kitchen

The sale of the Marylebone property comes amid Britain’s housing crisis which has seen property prices soar.

Inquiries from potential new home buyers have fallen for a fifth consecutive month, the Royal Institution of Chartered Surveyors (RICS) monthly survey has found.

However, UK house prices have risen at the slowest pace since the start of the pandemic, with expectations for the year ahead suggesting a slight decline in prices.

The RICS house price balance – measuring the difference between the percentage of surveyors reporting price rises and those seeing a fall – fell sharply to +32 in September from +51 in August, signaling a slowdown in price growth .

September’s reading was the weakest since July 2020, and a separate balance for sales volumes was the most negative since May 2020, the figures showed.

Experts pointed to rising interest rates and an uncertain financial situation as having weighed on the housing market, as well as the expected rise in mortgage rates over the next six months.

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John Smith

The author John Smith