A “unique” (read: impossibly cramped) “one-bedroom terraced house” located on fashionable Richmond Ave. in the North London neighborhood of Barnsbury recently hit the market for £275,000 — that's nearly $450,000 in U.S. dollars. When you consider the total square footage of living space involved (a mere 188-square-feet), the flat will set you back a criminal $2,400 per square foot.

The home is being billed as “possibly the smallest house in the world,” which it is not. But I’m guessing it is indeed the smallest house with the largest price tag in London, which is saying something. It’s also not technically a one-bedroom affair — one room would be a more accurate descriptor considering that the sleeping area is, as The Guardian puts it, a “shelf” in the living area; a shelf — the listing calls it a mezzanine — that’s elevated above the front door and that you have to mount the kitchen counter to access.

The bathroom, thank goodness, is a separate room even though it’s closet-sized. But, alas, the commode is in the shower. Nevermind, the bathroom is the shower.

inside of tiny house in Barnsbury neighborhood, London

The configuration of this stamp-sized abode is actually rather clever despite the ripe possibilities for claustrophobic freak-outs. I like the looks of it. It’s sleek and makes the best use out of an extreme dearth of square footage with clever built-ins and more. While not the best space for entertaining, it would make for a nice crash pad for a single person without much stuff. Realistically, it could certainly work.

 
It’s just the price tag that’s unrealistic.
 
Or is it?
 
As the Guardian points out, like the rest of bubble-troubled London, home prices in Islington are off the charts with flats on Richmond Ave. hovering around an average of £1.8 million. In November of last year, a modest, “standard-sized” one-bedroom flat sold in the area for  £665,000 — more than twice as much than the shoebox in question. But nearly a half-million for a home that’s smaller than the average two-car garage? Who would fork over that kind of cash even if the home in question is in an up-and-coming neighborhood stuffed to the gills with bars and boutiques?
inside of tiny house in London

The property’s agent is confident that it will find the right owner in no time:

"It's just been developed and put on the market,” the agent explains. “I think it will probably sell to an investor who'll let it as a short-let on Airbnb. It's a great crash pad for the area. It's got everything a house would have and the space is cleverly used. There's storage under the raised part of the living area, a patio out the front and a window. I've been to the property and it's a really sweet house — it works.”

You may recall that earlier this year, London's narrowest house — a 99-inch-wide one-bedroom townhouse in Denmark Hill — was snatched up for £450,000 just several days after it hit the market. 

Via [The Guardian]

Related on MNN:

Matt Hickman ( @mattyhick ) writes about design, architecture and the intersection between the natural world and the built environment.