One-bed home: yours for £3.75 million

You might think of a one-bedroom house as the perfect starter home - but few first-time buyers will be able to afford this place.

The small mews house known as 'Tutti Frutti' has now gone on the market for a hefty £3.75 million.

Located in London's smart Knightsbridge, the house is described by agents Jeremy Davidson Property Consultants as the perfect pied-a-terre.

"Clabon Mews is regarded as one of the premier mews in Knightsbridge, being situated within a short walk of both Harrods and Sloane Street, and with the bespoke shops and restaurants of Walton Street also close at hand," they say.

The house is being sold with furnishings and fittings, which may not be to everyone's taste. Designed by interior decorator Federica Palacios, it boasts a garage painted entirely in purple, and the kitchen is striped purple and pink.

At 1,200 square feet, it's admittedly on the large side for a one-bedder, and has a large double garage, bedroom, bath and shower rooms, utility, kitchen and reception room spread over three floors. Outside, there's a 19-foot roof terrace.

But with the smallish kitchen and utility on the floor below the only reception room, the layout isn't all that convenient.

As for the cost, the house is nearly ten times the price of the already-expensive average London home. And even nearby, there are several two-bedroom properties available for less.

But the house is likely to prove a good investment. Over the first quarter of this year, homes in prime central London rose in value much faster than the city as a whole, according to estate agent Marsh & Parsons' latest London Property Monitor.

And, says chief executive officer Peter Rollings, "We believe this trend is set to continue in the next 12 months, with prime central areas outperforming outer prime areas for the first time in more than two years."

And, apart from the number of bedrooms, Tutti Frutti isn't particularly expensive as central London properties go. We recently reported on plans for the Knightsbridge mansion where John F Kennedy lived and worked as a young man, which are likely to leave it worth a jaw-dropping £287 million. It makes Tutti Frutti look cheap at the price...

Read more on AOL Money:

The most expensive places to live in Britain

Would you pay £25 million for a London flat?

Scottish island estate for sale for less than the price of a London house