London’s Expensive Property Market Advertises Cheapest Flat for about £75,000

London’s Expensive Property Market Advertises Cheapest Flat for about £75,000London has one of the costliest property markets in the world and its cheapest flat could come for something more than £75,000.

Advertised on Zoopla, the British property website covering the residential property market, the cheapest flat of London comes for that price. The studio apartment is a significant 84sq foot property and is being offered in the market.

Located in Saratoga Road, London E5, the studio flat is described to be on the first floor of a handsome period building.

The advertisement for the flat says it's a "well presented" studio flat providing "bright accommodation including a sleeping area with compact kitchenette meaning a mini fridge & microwave also included. It has a wet room with shower and W. C separately. Compact, as it is described as could be the operative word as it seems one could just reach out for anything in the flat lying down on the bed.

The so called "London's cheapest flat" might just be like a small dog box making just any other house seem like a big space to live in.

It's being promoted as an "exceptionally rare opportunity for a first-time buyer, landlord or commuter seeking a bolt hole." But, the mini flat in London's property market has also been criticized as "depressing".