What £150,000 buys you in Kensington: a cupboard with a loo

Updated: 

A property on London's highly-desirable Kensington High Street goes under the hammer today, with a guide price of just £150,000. The catch? Well, it's a toilet.

Advertised by agents Allsops as a 'store room with WC and wash basin', it's a tiny room squeezed into the half-landing between the first and second floors of a narrow red-brick building. The money doesn't even get the buyer the freehold, with the tiny room having 107 years on the lease.



"Local shops and amenities are readily available along fashionable Kensington High Street and Kensington Church Street to include numerous restaurants, boutique shops and antique shops," promise the agents - although there's not much room in the property for antiques. There might just be room to squeeze a small mattress in, although it's unlikely that the door could be opened.

More likely, the property will be purchased purely as an address-with-a-desk for a business keen to impress. Other tiny converted cupboards have sold in the past as pieds-a-terre.

The sale is a symptom of the feverish London property market, where prices have gone through the roof in recent months. Indeed, asking prices have risen by more than ten percent in October alone, according to figures from estate agent Rightmove. The average asking price in the capital is now a whacking £544,232, making the toilet look almost cheap at the price.

The tiny room is even smaller than a Mayfair flat which sold last year for over £120,000. Measuring just ten feet by eight, it still managed to squeeze in a sofa-bed, shower and kitchenette. In 2006, a converted cupboard measuring ten feet by five and a half in the same Brompton Road building sold for £120,000. At least there the purchasers got a view of Harrods.