A new contender for one of the smallest homes currently on the London housing market has arrived in the form of a flat in Earlsfield, Wandsworth.
The studio flat, which is up for auction with a guide price of £150,000, has a floorspace of approximately 22.6 m² according to the plans — the size of roughly three prison cells.
At 4.34 metres at the longest point, it just falls short of a regulation UK parking bay length.
Government guidelines stipulate that a new home must have a minimum floorspace of 37 m², but this doesn’t apply to existing residences. However, it is very unlikely that a mortgage provider would lend on a house this small, making it available only to cash buyers.
As it doesn’t conform to the minimum space standard, it is by definition a micro home.
If it reaches the guide price of £150,000 it will work out at £6,637 a square metre. The only cheaper properties for sale in SW18 currently are shares in shared ownership flats or a pair of garages.
Set in a period building on Garratt Lane, the angular studio flat features a built-in kitchenette.
It also has a sperate bathroom with its own window and a room for a bathtub - making it better equipped than a Knightsbridge flat marketed for £175,000 despite having no bathroom, toilet or kitchen.
The odd angles would make it hard to squeeze a bed into the kitchen/reception room, but there is a built-in cupboard space for storage.
Unlike many London flats, the Earlsfield studio is offered freehold, with no ground rent to pay, and has a new 125-year lease.
The agents noted that it “benefits from well presented decor” with white-painted walls and grey carpeting. Hooks on the back of all the doors and slim floating shelves provide more storage solutions.
Properties in Earlsfield currently have an average price of £839,467, according to Rightmove. Wandsworth is next in line to be the London Borough of Culture.
Although 22 m² is certainly compact, the flat isn’t the absolute smallest property to come onto the London market recently.
An 18 m² flat with one window in Ealing went up for auction last September for £160,000, while a 13.8 m² flat the size of two parking spaces in Marylebone sold for £295,000 in 2022.