The Answer To London’s Expensive Rents? Very Small ‘Micro Flats’ (Say Property Developers)

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Affordable ‘micro flats’ are being introduced in the capital, to entice more people into the ever more expensive worlds of Zone 1 & 2.

Good news (sort of) for all us renters out here (everyone in London) – there could be the chance that we could actually comfortably, if compactly, afford to live in central.

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The developer behind the scheme, U&I, has proposed the designs as one way to bring some residential activity back to the heart of London, so that those other than the super-rich might be able to have a pad in Clerkenwell, Paddington or Waterloo.

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The micro-flats will only be on offer for those below a certain income bracket, and they are exclusively rent-only, so no selling on for profit. (Although, presumably, it will be them collecting the rent.) The catch, of course, is that these admittedly-slick apartments offer as little as 19 metres squared of floor space. (Though the big ones have 24!)

The suggested rent costs range from £700 to £1,200 per month, with 50% of them achieving the London Living Rent price, with plans for all of them to reach that point in the future.

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Okay, they are pretty small, but if you don’t mind sleeping in the same place where you’ve just heated up your lasagna, then you’ll find these super-cute.

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We definitely wouldn’t mind these cosy settings, we’ve got to say they look magnificently modern.

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All images courtesy of U&I.

You can find out more on the U&I website and view their report here.

Other London housing news:

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