Nick Millican: Your Chance to Own a Bedroomed Flat in London

Real estate expert Nick Millican shares information concerning the UK´s current housing trends. An Earlsfield flat on the market for only £150k seems too good to be true until you learn it is one of the smallest houses currently being sold in London. 

The immaculate studio has 22.6m floor space available for the lucky buyer to use to his or her desire. The studio flat is 4.34m at its longest point. This length does not meet government guidelines stipulating a minimum floor space of 37m, but this rule does not apply to existing properties. And this is where real estate agent Nick Millican comes in. 

Cash in Hand

If you want this flat, you will likely need the full asking price of the home in cash readily available. Mortgage lenders are unlikely to loan money on this kind of property, according to Nick Millican, London real estate investor.

Advantages of Buying a Small Home

Small is better for some buyers. It works well as a small office space or even as a living space for a single person or a couple. There is no bedroom, however, and the small space is unlikely large enough to hold one. Do not allow the small space to deter you from looking into this property. There are endless ways to get more than your money out of this home. Contact the expert real estate agent Nick Millican for the proper advice when buying or selling your home.