Touring the Cheapest Apartment in Central London

[@nancyblackett8777]

Maintenance charges will be unregulated and unreasonable.

[@ds1868]

Yep it will be leasehold not freehold and probably only 49 years lease. Ground rent and other charges will be high. Totally mad.

[@gillie-monger3394]

Regulated but extortionate.

[@ds1868]

​@@gillie-monger3394nothing is regulated, everything is open to extortion. Have you not learnt the myth of decency in this rapidly declining country?

[@tsarstepan]

You're quite right. Maintenance charges in a luxury building like this would make the "cheapest apartment in Central London" claim completely moot.

[@alaadin009]

Haha I lived here

[@dannyh9290]

Price: £295,000. Service charge: £12k a year*. Length of Lease: 65 years* * = probably

[@josieyearall7498]

Not tgat cheap then but for London and the area pretty good

[@hamburglar83]

Are you saying you don’t own your property once you buy????

[@dannyh9290]

@hamburglar83 once the lease runs out, yes. The freeholder revokes your right to live in that property. They now own it. Even if you finish paying the mortgage.

[@missmo3451]

Wtf? Who the heck is the "freeholder"?

[@alisonmorley8362]

It is called greed! Disgusting!

[@lesleyrobertson5465]

@@alisonmorley8362 inequality

[@muhammadfezanamjad9836]

​@@lesleyrobertson5465 Because most of us cannot afford. Do not be jealous. Does any one love this coutrny

[@traceyjordan9284]

Agree

[@annaaboltina7335]

Here’s me, a Londoner, thinking that’s suspiciously cheap.

[@Michael-rj1jb]

Not greed, supply and demand.

[@thebestofnations]

The spare closet is the kitchen. And the flat is more like the on-site facility workers place. The entrance hall is about 10 times bigger than the place. It’s like a mouse hole in a mansion.

[@nataliebutler]

That's a pretty decent rental studio in London these days.

[@marcelboogaard3809]

Park West is a shithole. I used to do the maintenance there and it was hell.

[@sararichardson737]

It’s an annexe of the Middle East as well.

[@Crazgamet2947]

@@sararichardson737ok but what does that have to do with anything?

[@sararichardson737]

@@Crazgamet2947 it’s a ghetto

[@TheLsd76]

300k to sleep in a wardrobe must be a dream. The nightmare-ish side of a dream 😂

[@honeysuckle4537]

MY MATE HAD A PLACE HERE BUT ONE BEDROOM ON THE EDGWARE ROAD, THE PLACE CAME ALIVE AT NIGHT WIF COCKROACHES, LOADS OF WORKING GIRLS USING FLATS NICE BUNCH ❤❤

[@thenewbeester]

Local discount ? 😂....

[@bernadettekavanagh9984]

Yuck! I'd have to be paid to live there.

[@Damian-g7b6h]

Working girls … that’s better than an on site gym

[@revol148]

@honeysuckle4537 nothing wrong with working girls - the only problem is that in London (inevitably) they charge way too much for their pussies !

[@d734-wy8kx]

@@bernadettekavanagh9984That’s what the working girls said. You’re not a…‘working girl’ are you?!

[@ronnieparkerscott6223]

That price gives me what I've got now, a modern 3 bedroom, kitchen, living room, 2 bathrooms, utility room and 2 terraces plus garage. With views of sea, mountains on highest point in village. With 80k spare to live on. That's London for you. Much happier here. 😊

[@SR-zh9kp]

Where is this...sounds great

[@vonder7]

@@SR-zh9kpprobably like Scotland where it rains all day all night

[@kuperdee]

That money could get me a 4 bedroom semi detached house in Northamptonshire, i wouldn't pay setvice charges and less than 2 hours drive to London.

[@DigitalSamTV]

So you need to drive 2 hours each way, that's 4 hours per day to get to work? If you worked around the corner from this building and needed to be there on a daily basis... Lol

[@edvinaspetrauskas7594]

@@DigitalSamTV People do 12 hours shifts anyway this means if you do 8 hours shift and travel 4 hours per day you end up with 12 hours shift noting crazy and as well with your own garden own land on top no ground rend or service charge that two charges cover yours train travel per year and you can sleep during that time do what you want.

[@DigitalSamTV]

@@edvinaspetrauskas7594 what complete nonsense logic. U are still wasting 4 hours of your time per day

[@anshumansharma4509]

Isn't that main reason for such a size and price? "Location" I didn't like it either but all over the world, a house will be smaller and costlier in the main city and cheaper on the outskirts.

[@Jakeylicious7891]

What a poor person's answer.

[@revol148]

as if living in London wasn't miserable enough !

[@Obatala_Vibez]

😂

[@jamsheadaziz3999]

Best thing about London???? Sign reading M1 THE NORTH. 😅😅😅

[@revol148]

@@jamsheadaziz3999 what part of the north do you like ? Sheffield, Leeds, Manchester, Newcastle ? I think anywhere between Oxford and Carlisle needs to be avoided - especially the shite-hole cities !

[@ambroseomoigiawi]

WELL SAID SIR🤣🤣🤣

[@revol148]

@@ambroseomoigiawi always here to help !

[@luckyboy4766]

Pointless saying price is £295k but not saying how long the lease is and how much service charge?

[@skypez22]

Good point. 295k is cheap, the lease probably has 40 years

[@ballyhigh11]

First thing I thought of when I heard the price. I'd say the lease is well under 30 years.

[@rebeccaradbourne5651]

Would be a mortgage not a lease​@@ballyhigh11

[@rosyapplekitchen635]

Literally that is so cheap for central london!

[@rosyapplekitchen635]

Actually i just found it online 170 years lease for £350,000 for a studio in that building

[@karlronan]

The world is eating itself out of pure greed

[@misterpizzaman3581]

There should be a law with a minimum space of 50 sqm

[@mrsandman1416]

There is now but not existing

[@k.j.hulander2204]

Way to make housing even more unaffordable… more regulation only drives up the cost.

[@pabo-qv3nx]

Even 95k is too much

[@MrWilliam-lh3ky]

It’s actually a good investment and a great location…….tragic that this is how life is. I could buy a detached 4 bed possibly with pool and a couple of acres for that in France

[@jillymouseful]

People have lost their minds. We are now like the nursery rhyme " the was an old woman who lived in a shoe "

[@Nobodynowhereneverever]

I must have been in London too long. Looks like a good place. Amazing location. Of course it wouldn’t be your only home!

[@tomsmith6882]

It’s not supposed to be bought as a home, it’s a financially efficient/investment way for someone to stay in London when working there rather than having to pay for hotels + live out of a suitcase

[@johnmitchell2269]

Most of these apartments remain empty yet still owned. Land banking.

[@heidirobinson8734]

And just how many nights in town do you think you'll get f £300,000? We all know regular people can get amazing deals n last minute cheaper rooms! It's not an investment - it's a suckers foolish gamble! ....unless of course he/ she wants t have adult company without spouse finding out! Cheaper than a divorce,I suppose!😂😂😂

[@paxundpeace9970]

Why would you waste 300 quid on it. If you really able to afford you would get some bigger or something to rent for your self. This is a unit you gone rent out to students for probably 2400 -2800 pounds a months ​@@johnmitchell2269

[@superman_69703]

@@heidirobinson8734you keep it for 5 years and stay there as much as you want and then sell it for 400k. In theory. So the nights you spend there cost you nothing. And you can get a mortgage against it any time you need some money

[@heidirobinson8734]

@@superman_69703 if you pay that much/ mortgage nights there costing you far more than nothing! N a risky gamble coz assuming such property value will rise n relatively few buyers at that level to other markets! Only " worth the risk" if you can afford t lose about £0.5m

[@heleh9889]

The problem is that many people pay that and it's a trap and what happens is that it puts a kitchen in the cupboard space that you can't even move around in, obviously there won't be any natural light because it's London, there probably won't be much ventilation and the bills aside, and the council tax, plus other extra payments make it even more surreal.

[@rosiebottom3870]

Billionaire Aristotel Onassis said if you're ambitious, it's better to rent a small room in an affluent area than a mansion in a mediocre town.

[@Bestbeachesincalifornia]

And if youre just vibing you could rent a cabin in the Woods for cheap 😋

[@trudilm3864]

Aristotel Onassis would not live in that apartment.

[@rosiebottom3870]

@@trudilm3864 he lived in worse than that when he was trying to make it. Living in the right area meant that he made good contacts with people who could help him up the ladder - that's what he meant about choosing the area over the size of house.

[@Vsaus223]

@@rosiebottom3870 you are crazy

[@lindamckim9595]

​@@rosiebottom3870location location location

[@Signal11th]

lol 300 grand plus service charges to live like a hamster. I imagine it's ok for a city worker who wants to spend a night or two there but to live no way.

[@ShanaeBeautiful]

😂😂😂 IKR they should throw in a treadmill atleast

[@peterclarke7006]

@@ShanaeBeautiful where would they put it?

[@OneLessCar]

I think that's the point of this studio.

[@mejsjalv]

If you're living alone it's not a bad place. Now, if you're used to a big family home in a smaller town, this type of living can be a shock at first. Also it's not a bad investment if you rent it.

[@Liitebulb]

Wow! A separate kitchen! What a luxury!!

[@williamcarlisle5619]

What an absolute joke

[@DeeL-u1c]

This saddens me.

[@Damian-g7b6h]

Pulled down bed ?? … the only thing that’s getting pulled down is people’s pants !!!

[@sarahlund-nt3kw]

😂😂😂😂

[@2222quinny]

This is absolutely ridiculous. A fool and his money is quickly parted😂😂

[@danw918]

If you're making passive money each year on capital gains, how foolish are you really? I bought a tiny expensive flat near croydon, rented it out while I travelled the world, then sold it for enough profit to buy a house in Bristol where i now live mortgage free. All because I bought a flat that didn't look worth the money to people, but in reality absolutely paid 👍

[@2222quinny]

@@danw918 I'm really happy it worked out that way for you. As an investment great! The person who rented it or bought it to live there was the fool.

[@danw918]

@@2222quinny yeah, I'd concur 👍

[@garolstipock]

I'm impressed at the way we he tried to make the flat, the location, the "amenities" and the price look appealing. To me it just looked like a plain 'ol nackered flat still doing all it can to hold on to its glory, which was likely in the 1960's. Only true upgrade it likely has that I would appreciate is that you no longer have to use a paraffin heater to warm it up 8-months out of the year.

[@jodiekohut9443]

Cheap isn’t always good

[@thewrongquestion7032]

I love it. Looks really nice and I’d love to stay there if I was in London.

[@YonOtto]

And I got my house with 2 bedrooms, huge kitchen, huge garden, driveway for 60k here in peaceful Cumbria back in 2014. Feels good.

[@sarahlund-nt3kw]

Nice 😊

[@tamarahiggins646]

What a joke- the whole real estate industry - criminals

[@mejsjalv]

Makes sense for a company to own something like this if they get people visiting often. In my country you can get a VERY NICE 3-4 bedroom house for that money. A similar small apartment would be about a third of what this costs.

[@gambaridup]

Handy and convenience for fornication during lunch hour and after office hours

[@geoffsullivan4063]

That whole flat was probably made out of what used to be one room.

[@colonelcrackerz2320]

Almost 300k and you dont get a bedroom. I genuinely dont understand why people live in London

[@joline2730]

Colonel: it's for the address and kudos

[@BeautifulDelights951]

That price can buy you a 3 bedroom house in the Midlands, what a rip off.

[@marigold9736]

Looks like old style prison/ hospital / mental health army recovery..😊😊

[@sarahlund-nt3kw]

Yeah. It doesn't look homely . 😮

[@rugbydazz2264]

Who of you remember around 1987 when a broom cupboard was put ip for £37,000. It caused outrage.

[@christopherdean1326]

A year or two ago, I saw a parking space in Canary Wharf, literally an 8' by 16' piece of concrete with a number painted on it, for sale for £86,000....

[@mosuilleabhain]

Bedsit now is a Studio, who knew?

[@heartstrummer]

A dump within a grand facade

[@sofdff]

3 years left on lease

[@mrsandman1416]

Plus 100k for another 50 years

[@rosyapplekitchen635]

Actually I found some studios in that block listed on zoopla, £3000 service charge and 170 years on lease. That is a long lease for london and service charges are usually up to £5,000 a year so it is not relatively bad

[@sarahlund-nt3kw]

​@@mrsandman1416Not worth it.

[@mermanfiasco]

That's not a kitchen, it's a closet.

[@coolchameleon21]

$300000 for a pull out bed??? wtf 😂

[@sarahlund-nt3kw]

😂

[@VidaVidaVida80]

You can get 3x houses for the same money in Yorkshire

[@islandpersuasion4690]

Don’t tell them that, we don’t want anymore pretentious people up here.

[@revol148]

@VidaVidaVida80 the only problem is that you have to live in Yorkshire !

[@mrsandman1416]

I think the issue is it's Yorkshire and not London

[@halfbakedproductions7887]

Not just Yorkshire, even in Suffolk you can get a three bed detached with a driveway for £295k and that's closer to London.

[@walboyfredo6025]

You could get 6 house in the valleys in Wales for that.

[@2010Dilys]

good for airbnb rental you'd make minimum £200 per night and would always be booked

[@heidirobinson8734]

£300,000 F a cupboard? Some folk have more money than sense! When will folk learn that anything is only worth what you prepared t pay....not what price the seller puts on it! The communal entrance hall is about 8times bigger! That is just the " bit left over" coz architect was lazy!

[@Lindsey-bm1mt]

Can buy a decent 3 bed in the midlands for that. Much as I like Art Deco. It's not worth it for a £295k rabbit hutch.

[@BeautifulDelights951]

I said the exact same thing. And I thought the house prices in the Midlands were crazy. I feel appreciative of the Midlands prices after seeing this.

[@sarahlund-nt3kw]

It's too claustrophobic, that flat. Not enough breathing space.

[@aidanwalsh1001]

Expensive and it’s called a studio, cheap and it’s called a bedsit 😂😂😂

[@peterparker7738]

You keep saying studio when you really mean room. You say entrance hall when that wouldn't even pass as a passage. You say kitchen when you mean broom closet. I really hope no one buys this.

[@nomzp8655]

Good for students. I lived in something similar in Glasgow city centre and I enjoyed my time there

[@abeliever7029]

Not much room to swing a cat.excuse the pun. You would be lucky to do a 360 degree angle in that kitchen. Run the other way!!!!😅😂😅😂

[@sarahlund-nt3kw]

It looks like it would only be fit to be used as student accommodation. What a complete rip off.

[@rach5516]

When nearl a third of a million pounds buys you a box, we know society has gone desperately wrong.

[@anndargan7259]

Its enough to make me vomit , the shree greed of it .

[@Ksatriya]

Crazy, you pay to trigger your Claustrophobia.

[@MarkWadsworth-c7n]

This must be a joke...how has society got to this stage where you pay telephone numbers for a rabbit hutch and you are supposed to be grateful!! 😂

[@poppaleggansquat3640]

My jail cell was bigger

[@sarahlund-nt3kw]

Bet it was.

[@mkkravist11]

What absolute muppet would pay 300 large for that!!! 😂😂😂

[@simonrobson2293]

Lived around the corner,lots of brasses in the atea to be honest its a dump

[@thenewbeester]

So an "up and coming" area with easy access to local "amenities" ?! 😂

[@physicalfitness7807]

You basically buying a hotel room

[@sarahlund-nt3kw]

And not a very nice one.

[@p.1019]

I'm single and love small studio flats, so this sounds perfect to me. And to top it all, the location. If I got something like this, I'd be living the dream in London.

[@mroosie7488]

fucking hell I bought a four bedroom semidetached in a nice area of South Wales (15 minutes from Cardiff by train )for £190,000. London is absolutely absurd

[@johnboy1042]

You couldn't even swing a cat around in there

[@moniquegordon1052]

£295k for that changing room. Ya'll are crazy and greedy

[@VivieneMara]

Service charge will be around 5k

[@Jason-ke2nj]

Awful people...exploiting people's needs.

[@KayleeANNAytbe]

For this price you can buy a house with 3 bedrooms in many places...

[@Hoosentraagel]

£295000 for shoebox in crappy London

[@davidserlin8097]

If I were retired and wanted to spend time in London but didn’t want to move to the UK full-time, this would be a GREAT apartment to have. £295K and £200 monthly fees would make this very easy to enjoy.

[@rkhan7070]

Service charge 10k per year 😂

[@Zedrick1986]

The entrance is like 5 times the size of the apartment.

[@carlito3859]

Service charges will probably be 10k a year on top of any mortgage 💸

[@penj2]

Fuck that! Lol. No way

[@tonyukkola5341]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@luvthabeatz]

Located just off Edgeware road so is literally like living in Baghdad or Beirut. No thanks....

[@benrichards1]

This should be illegal.

[@paulwild3676]

It will have a short lease on it. No way would a flat that size, be that price in Central London.

[@Lee-b8d8z]

It’s a catch. The flat will be cheaper to buy but the ground rent and leasehold charges will be astronomical. Biggest con I’d say when estate agents won’t advertise the hidden costs but will only highlight the sale price and the central London location to woo buyers until they realise I can’t afford this but it’s too late when you sign on the dotted line and you can’t sell it either because you later realise it’s too expensive to pay a solicitor to extend the lease. When it comes to leasehold properties serious reform is needed in this country because management companies and their freeholders are fleecing leaseholders and getting away with it.

[@thegrumpyscotsman1986]

F*ck that. People are crazy.

[@EvanKilos]

That kitchen is everything I love a small kitchen❤❤❤ excellent please excellent

[@Random-xw1fg]

I love small kitchens but this is too small even for me.

[@EvanKilos]

@@Random-xw1fg I agree

[@Random-xw1fg]

@@EvanKilos I wonder why we love small kitchens, don't you?

[@lillybart-s9i]

why do you like small kitchens? in the US, we love huge kitchens even in middle class housing.

[@EvanKilos]

@@lillybart-s9i I live here in the United States and I know what you're talking about I just feel it's a waste of space

[@WXLFGXNG]

Whaaaaaat???!!!!!! I don’t care about location that’s highway robbery!!!!!! There is opportunity everywhere not just in London and you can enjoy yourself in most places not just in London what is it the night life??? The fact that a lot of ppl i know travel within London and some journeys can take up to an hour and a half why not just commute from somewhere outside of London??? A train from Birmingham is like 1hr20. I think I value space and living quality more than what “London” has to offer plus most ppl are rude and overly weary so they aren’t friendly. I don’t blame them because if I had to live in a place where knife crime is so frequent i would become a sceptical person too.

[@SS-go4wi]

Get more space in a jail cell.

[@Marcho978]

295k. But tell me what service charge, ground rent and other section 21 notice charges will be?

[@anhidric1]

Im still looking for the Art Deco style there XD

[@user-tt5xj5ib1e]

People would often have a small apartment in town for work and then head out to the main family house further out of London on the weekend. This looks fine if you just want a work crash pad in central London.

[@MikeJM08]

One of many things that's wrong with this world.

[@muddyshoesgardener]

Seems like a fun location!

[@dikembeafrika8918]

The entrance looks like one of those British movies was filmed. The one that starts off in some French war and an adopted son ends up with his real blood relatives. Cannot remember the name of the movie. But great movie. Unbelievable movie. There was a scene also in Hyde park.

[@Po3tfx]

No way in hell....

[@pensatoreseneca]

Not bad , cheaper than Paris

[@sopimazlan]

IVE LIVED THERE!! Its edgware road. I love it its not bad as you guys think!

[@johnking5174]

Utterly disgusting that price

[@global001]

Lol. 300k for a studio smaller than the buildings entrance 😂

[@captainsparrow8435]

Did anyone see the cooker? I didn't.

[@kk-xi8li]

Small spaces like that in Toronto can be anywhere from 400-600k

[@user-yb6tk1ru6x]

This looks like a great investment opportunity. I'd do a smart refurb then Airbnb it or rent it out to city workers.

[@paulgilson2347]

That's an absolute piss take.

[@DMCM84]

That mini fridge is comical 🥴

[@pamelabough2008]

A Murphy bed is always the best thing in a small space.

[@KwakaRallye88]

Park West always been a dump. Like Beruit in there and the Freeholders are the worst

[@ioi_96]

Nice! I would buy that.

[@ManicTrainWindow]

£300,000 Take your average London salary, take the average rent needed out, take the taxes out, take the extortionate train fares out. It would probably take the average person a good 5 years to afford the deposits on this.

[@News.happenings.updates]

This while Apartment was where Airline crew used to stay back in the 80s if I am not mistaken.

[@cmarq817]

I think I recognise this building from the Poirot series

[@cmarq817]

@@Jacks_here that one is gorgeous. I looked it up when I wrote the comment. I remember in particular the red decor in the apartment. I love art deco ❤️

[@kiwibones007]

I’m surprised it hasn’t got an Islamic flag out the front