Which would you prefer? One room in Knightsbridge for a punchy payment of £3 million or a detached 16th century cottage for the paltry price of £1 in the West Midlands?
In April 2017, an apartment at 199 Knightsbridge – a ritzy residence formed of 205 flats, penthouses and mews house opposite the Hyde Park Barracks that houses the Household Cavalry – sold for an astonishing sum of £90 million ($109 million, €104 million or درهم400 million).
Now, whilst Harrods Estates currently offer a 4-bedroom, 4-bathroom lateral unit that extends to 3,145 square foot in the building for £13.95 million ($16.9 million, €16.2 million or درهم61.9 million), someone on a lower budget could get just one room there for £3 million ($3.6 million, €3.5 million or درهم13.3 million). A veritable bargain or yet another indication of ‘Bonkers Britain’?
Marketed for a somewhat punchy £4,769 per square foot ($5,766, €5,537 or درهم21,177 per square foot) at asking price, a first-floor space offered by agents The Cloister is formed of a 25-foot by 22-foot living room that forms the only bedroom also. There is also a kitchen and bathroom – the former being just 5-foot wide and just 10-foot long – and frankly one is left realising this is actually a ‘home’ where only the multi-millionaire capable of buying it will clearly have “barely enough room to swing a cat.”
Providing a stark contrast at the opposite end of the market, yet apparently something far more idyllic in its setting, Birmingham based auctioneers Bond Wolfe will be hoping to hammer down what they describe as “a vacant freehold Grade II* listed cottage in disrepair constructed in the 1530s by Bishop Vesey” in the “rural part of Sutton Coldfield” in the West Midlands next month.
They offer the three-storey stone-built structure with a paltry guide price of just £1 ($1.21, €1.16 or درهم4.44) and will sell the detached building on 14th December by public auction.
Editor’s Note – Unlike as is the case in many publications, this article was NOT sponsored or supported by a third-party.
‘The Punchy’ and ‘The Paltry’ – Five properties at both ends of the price spectrum…
The Punchy – More images of the first-floor studio apartment in The Knightsbridge, 199 Knightsbridge, London, SW7 1RH offered for the outrageous sum of £3 million…
Described on the official website of what they somewhat lavishly laud as ‘The Residence,’ one room boxes in this building are somewhat laughably shouted instead as “executive studios” that are “perfect pied-à-terres.”
The Paltry – More images of the £1 cottage, High Heath Cottage (AKA ‘Mutton’s Castle’), Withy Hill Road, Sutton Coldfield, West Midlands, B75 6JR…
Whilst this stone-built cottage might be cheap and off-the-beaten-track, it certainly will require a lot of work. Undoubtedly, however, the £1 price tag will encourage many to dig deeper – so do anticipate a bidding war on 14th December that will actually take the ultimate sale price of this property far, far higher.
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.
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