If you were in any doubt as to whether London property prices had reached absurd levels, then the latest Highgate property to go on sale could silence those doubts forever. From the outside it looks like a nondescript garage.
However, it is on the market as a £250,000 studio flat.
AttractionsThe former garage is on the market with estate agency Winkworth. It has its plus-points. It has been converted into studio flat, and is situated on a highly desirable mews off Highgate High Street, so could prove handy urban living for someone.
It's also a snip for any property in Highgate. Three bedroom houses in the village tend to cost between £800,000 and £1.5 million, while two bedroom flats cost between £500,000 and £800,000. It starts to make the garage seem like good value.
NegativesHowever, it has its downsides. As a former garage, it only has one small window, the garage door remains in place, and the living space could hardly be described as generous.
The fixtures and fittings feature a single kitchen unit, complete with a hob and sink, and a toilet and shower cubicle. For a property that costs exactly the same as the average home in the UK, it's hardly sumptuous.
Strangest?However, there's little doubt that the booming market in London will find a buyer for it. Let's not forget that London has been home to some of the most absurd property, most of which has been snapped up by willing buyers.
In 2009 there was a house just 1.8 metres wide, squeezed in between two terraced properties in Goldhawk Road, Shepherd's Bush, which was on sale for £550,000.
We recently reported on a similar property which an enterprising soul had constructed from plywood in Leyton, East London, which was unlikely to stand the test of time, as it was build on the site of a ramshackle shed, with no planning permission.
In 2007, a Chelsea flat requiring complete refurbishment went on the market for £170,000 - despite the fact it was the same size as a snooker table - 11ft by 5.5ft.
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In September last year a rival for the title of the smallest flat in London emerged. The Knightsbridge studio - measuring 10ft by 8ft, went on the market for £90,000. The flat was actually a former cupboard.
Then of course there was the converted water tower in south London which we reported on last week, which is on sale for £4.75 million, despite being arranged over seven floors.
And if all else fails, you could always convert it back into a garage - this property is £25,000 cheaper than a garage that went on sale in Knightsbridge in April this year.