'Cheapest flat' in London sells for £79,000

[LIFTED]'s sake people.

I'll have 2

See? There's a quarter of it paid off already

I bet around 800 a month


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There was some discussion when it was put on the market - conclusion was you can't rent it out. It's too small to comply with the minimum legal requirements for a rental property, and there are also rules about being able to rent part of a building you don't have guaranteed access to (and as someone else owns the stairs...) If the buyer has actually done it with those intentions, more fool them.

Put it this way - if renting it out was that easy and that profitable, why was the previous owner selling it?

I didn't know there was a legal min requirement
Also the previous owner may have just needed the cash

The min requirements are set per borough/ council. It's about 30sqm in tower hamlet. This is tiny! ( I bet they can still air bnb though, like a strange hotel where different owners own each room)

One born every minute.