Real estate agent Andrew Scott poses for the photographers inside an apartment for sale, in central London, Monday Jan. 22, 2007. A six-meter (77 foot)-square former storage room slightly bigger than a prison cell in the heart of the city's exclusive Knightsbridge neighborhood is now on sale for 170,000 pounds (258,000), and that's before the cost of renovations. (AP Photo/Lefteris Pitarakis)
Tiny London apartment on sale for $335K
http://news.yahoo.com/s/ap/tiny_apartmentLONDON - Location, location, location. Almost anywhere else, the tiny dilapidated studio wouldn't attract much more than mice. But this is London and the 77-square-foot former storage room — slightly bigger than a prison cell and without electricity — is going for $335,000.
At more than $4,340 a square foot, the mortgage buys a spot within walking distance of tony stores like Harrods and London's iconic Hyde Park. Originally conceived as a maid's room, the apartment at 18 Cadogan Place hasn't been used for years and is littered with trash bags and crumbling paint.
A coffin-sized shower is en suite, and storage is provided by a shallow closet and 10-inch-deep shelves cut into the wall. Two hot plates and a small sink make up the kitchen. Two dirty windows allow light to filter into the basement room, and the fire escape could conceivably double as a shared patio.
With no electricity or heating, Scott said it would cost an additional $59,000 to make the room habitable.