Once again, we're here to remind you all how completely and utterly bonkers the London property market is. A mere 3.4 x 3.5m balcony has gone on sale - for £50,000 🙃 The space has been called a 'perfect for business opportunities.'
A balcony is up for sale in Kensington for a staggering £50,000.The balcony in question is located on the third floor of a building in the prestigious Stanhope Gardens, close to Gloucester Road tube station.
In terms of features, the astroturfed terrace covers 3.4m x 3.5m, is surrounded by metal railing, and overlooks a neighbouring mews street. Rather than being part of a flat, the terrace is registered as a separate property with its own title and 110-year lease. ‘It’s a standalone terrace area – you come up some stairs, there’s a door to access it and there’s literally just a terrace there,’ says agent Glenn Jacobs at Next Home Ltd.The current owner, based in east London, bought it as an investment and is looking to sell it on.