UK Property

Studio apartment goes on market for just £5,000 but you’ve got to dig it out yourself




A ‘studio apartment’ in London is on the market for just £5,000, but potential buyers would need to burrow under the ground ‘like a mole’ to dig it out themselves.

The bizarre Rightmove listing claims a buyer would need to ‘excavate’ the basement to create a ‘self-contained flat’.

Plans are also ‘subject to relevant consents’, suggesting local residents or the council could oppose to plans. 

People have taken to social media to joke about the listing, with one user calling it the ‘funniest listing they’ve ever seen’.

A ‘studio apartment’ in London is on the market for just £5,000, but potential buyers would need to burrow under the ground ‘like a mole’ to dig it out themselves
The Rightmove listing claims a buyer would need to ‘excavate’ the basement to create a ‘self-contained flat’
The listing refers to it as a ‘residential development opportunity’ which is ‘subject to obtaining all necessary consents’

Another said: ”Perfect for first time burrowers and couples about to start a mole family.’ 

”Subject to obtaining all relevant consents’ – I am assuming when it comes to get planning permission the first objection will be from the current owners living in the flat,’ another added.

Auction House London, who are managing the sale of the ‘development opportunity’, say the ‘property’ will go under the hammer on May 21.

 The person selling the basement has recently acquired the land, but it is unclear if the people living in the south east London home above are the sellers or if they’re tenants. 

A London Auction House agent said: ‘The current owner acquired the land and is now looking to sell the basement at auction.

‘It would suit someone looking to develop it and then sell on or potentially rent it out.

‘I’m not sure who occupies the internal spaces above as we’re only selling the basement.’



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