News and Blog
Hackney micro studio smaller than a parking space sells at auction for £40,000 above guide price
Friday 4th March 2022
https://www.standard.co.uk/homesandproperty/property-news/hackney-micro-studio-sold-auction-b984240.html
A
Hackney microflat smaller than the average parking space has sold at online auction for £90,000.
The 75sq ft (7sq m) flat on Saratoga Road in Clapton was originally listed for £50,000 through My Auction.
After immense media interest the seller increased the guide price to £75,000 on Monday, February 21.
Bidding started yesterday and following an intense six-way bid in the final minutes of the auction the tiny studio sold for £90,000, which works out at £1,200 per square foot.