LONDON -- A new real estate trend has people talking across the pond -- tiny apartments.
A 10’x4’ flat in the heart of London is fetching huge offers from real estate investors. The apartment is actually a converted bathroom and closet.
With no kitchen and barely any room for furniture, the little listing already got an offer well over its asking price. The original asking price was $145,000. The current top offer is believed to be around $280,000.
Realtors call the unit an interesting marketing opportunity. With high ceilings, natural light and the apartment’s proximity to famed department store Harrod’s, they say it’s worth every penny.