‘Smallest Flat in London’ Goes on Sale for £50,000

Bidding for a flat believed to be the smallest in London will begin on Tuesday, which is up for sale for £50,000 despite extending to just 75 square feet.

The first-floor flat in Clapton, Hackney consists of a studio room and a separate wet room, and despite its jail cell size it is considered cheap for a property in London.

House prices remain red hot amid robust demand for properties, and to put the £50,000 asking price into context, this is less than the average first-time buyer deposit, which is currently £53,935, Halifax says. 

In comparison, the average asking price for a house in Methil, Fife in 2021 was £89,726. 

Competition for the property is expected to be fierce with bidding set to open at 12:00 on Tuesday 15 February and close at 16:00 on Wednesday 16 February. 

The flat is being auctioned through MyAuction, which notes that due to its size limitations, “it is our understanding that buyers will not be able to obtain a mortgage on the studio.”

Stuart Collar-Brown, a director of My Auction, believes it is the smallest flat on the market in London. 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.” 

What’s Included in the Flat?

It’s equipped with a single bed, television, shelves and space for a microwave, small fridge and fold-out table. And the separate wet room includes a toilet, sink, shower and towel rail. 

But if you can accept that you won’t be hosting many house parties, then the location is very acceptable - it’s within walking distance of plenty of bars and restaurants. Plus the flat is part of a period conversion which looks perfectly pleasant from the outside. 

Any potential buyers should also be aware that there’s a payment of £400 to pay on ground rent and an annual £500 service charge. 

Take a tour of the flat on MyAuction.