Inside Londons smallest flat on the market for just £50k on posh street

A tiny flat in London has been put on the market for £50,000 — and it's so small that even cupboard-dwelling Harry Potter would find it a tight squeeze.

The studio flat in Clapton, Hackney, takes up only 75 square feet but manages to pack in a single-bed, cupboard, shelves, microwave, space for a small fridge, fold-out table and a sink.

A separate wet room can also be found with a toilet, sink, shower and towel rail, reports MyLondon.

The extraordinarily cosy residence — thought by the estate agent selling it to be the smallest in the entire city — goes on sale at auction next Tuesday (February 15) and starts at £50,000.

Despite the lack of space, the flat's novelty factor and unusually low price for East London means it is expected to attract a lot of attention before bidding ends at 4pm the next day.

The average house price in Clapton was £649,070 in 2021, according to data from Rightmove.

Stuart Collar-Brown, a director of My Auction, the online property company that is selling the studio, gave an insight into the unique home.

He said: “The flat is small — but then again, you also can’t buy a long-leasehold property in central London for £50,000 so it’s a great opportunity for someone to get on the ladder.”

The property has 994 years remaining on the lease and is on the first floor of a period conversion, within walking distance from the cafes, bars and restaurants on Chatsworth Road and Lower Clapton Road.

Because of the size of the flat a buyer would not qualify for any kind of loan, but the auctioneer believes that’s the reason it will attack interest from investors.

“It’s hardly surprising when the average rental yield in London is sub-5 per cent,” he said.

“And if bought at the guide price of £50,000 this flat will produce just north of 19%, which means in just over five years’ time you’ll have made your money back.”

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