Almost 900 studio flats are on the market costing more than the average home – we pick three… including a £1m version
- The majority of the 900 expensive studios identified by Zoopla are in London
- We pick three studio flats for sale to see what you can get for your money
- Our selection of high-priced studios include one costing more than £1million
Almost 900 studios currently for sale cost more than the average price of a home in Britain, it has been revealed.
The flats vary in size, but all share one common feature – and that’s they have typically have just one room in which the living area, dining area and bedroom are combined.
The majority of the 900 expensive studios identified by Zoopla are in London, where house prices tend to be higher than the rest of the country.
This studio flat costs £395,000 and is in the heart of London’s Chelsea (scroll down for more details)
We picked a couple of examples in the capital, including one in the Battersea Power station development with an asking price of more than £1million.
The average price of a home in Britain stands at £325,037, which is around half of the £649,941 value for London, according to Zoopla.
The property website revealed there are 878 studios for sale that cost more than the £325,000 national average house price.
One of few expensive ones outside of London include a studio in Cambridge, and it is up for grabs for £395,000.
Daniel Copley, of Zoopla, said: ‘Living in a studio can have several perks including a cosy and cute interior, reduced electricity bills, while they can also be easier to clean, furnish and maintain.
‘To make the most of your space, ensure you maximise the natural light and storage space. It’s also worth considering using accessories like mirrors to make the space seem larger.’
Three expensive studio flats for sale…
1. Studio, Chelsea, London, £395,000
This £395,000 studio in the capital’s Stewarts Grove in Chelsea has a colourful exterior
This studio flat costs £395,000 and is in the heart of London’s Chelsea on Stewarts Grove.
It is between the trendy King’s Road and Fulham Road, with South Kensington within walking distance.
The website listing only shows photos of the property’s colourful exterior, which could potentially be a magnet for Instagram users.
It does reveal the interior floor area, which extends to 243 sq ft – or 22.6 sq m. The studio is being sold via Dexters estate agents.
2. Studio, London, £1,075,000
This studio flat for sale is part of the iconic Battersea Power Station, and is available to buy off-plan for £1,075,000 via estate agents MCB Real Estate
The leasehold flat in Battersea extends across 592 sq ft, which is the equivalent of 54.9 sq m
This studio is on the second floor of Switch House East in the iconic Battersea Power Station, and covers 592 sq ft, the equivalent of 54.9 sq m.
The development includes residence facilities such as a swimming pool, gym, and meeting rooms.
The leasehold flat is available to buy off-plan for £1,075,000 via estate agents MCB Real Estate.
3. Studio, Cambridge, £395,000
The studio flat is on Coldhams Lane in Cambridge, part of a development with electric gates
The leasehold property is for sale for £395,000 via estate agents Bidwells New Homes
This flat is on Coldhams Lane in Cambridge, in a development with electric gates.
It extends across 562 sq ft, the equivalent of 52.2 sq m. The leasehold property is for sale for £395,000 via estate agents Bidwells New Homes.