London's smallest apartment has sold for $529k

A tiny studio flat in London, that comes without a bed, has sold for a staggering price.

Listed by York Estates and on Rightmove, the ground floor abode in a Georgian building in fashionable Marylebone, traded hands for £295,000 ($529,521.06).

Occupying just 14 square metres, the agents for the listing downplayed just how small the flat is, describing it as the “ideal pied-a-terre” on the listing.

A pied-a-terre is often described as a small unit that isn’t the owner’s main residence.

The newly refurbished flat consists of just a narrow room with a kitchen bench in a tiny corner next to the main door.

There is hardly any space between the kitchen benchtop and a second door, that leads to what’s described as the “ensuite with shower room”.

The most important part of any studio flat, the bed, is missing, with just an L-seater couch occupying the majority of the space.

A small table has also been propped up against a side wall, and a large TV has been placed on the floor.

The property sold as a leasehold, meaning the buyer owns the property for a fixed period of time.

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