First time buyer spends £285k on tiny flat same size as tube carriage
First time buyer, 32, spends £285,000 on a tiny 344sq ft ‘micro-flat’ which is the same size as a caravan
- Lissa Cardell says her tiny Croydon flat is her only chance at home ownership
- At 344sq ft it falls short of government requirements but has a fitted kitchen
- She saved £13,000 for the deposit and was given a £114,000 help-to-buy loan
A first-time buyer has forked out £285,000 on a micro-flat the size of a caravan in a bid to get on theLondon property ladder.
Lissa Cardell, 32, bought her minuscule apartment in Croydon just over a year ago and says she is happy to compromise on space because it is ‘completely her own’.
The one-bedroom flat measures just 344 square feet, falling two short of government planning requirements.
But developer Inspired Homes was given the green light to build the block of 82 mini living spaces on the promise they would include high-spec features like a smart heating and a state-of-the-art kitchen.
Lissa’s new home costs £30,000 less than the average property in south London because of its reduced space.
It boasts an open plan kitchen, living room, bedroom, bathroom and even its own balcony, as well as being a short distance from the nearest train station.
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Lissa Cardell, 32 (pictured right with ex-flatmate Sophie Kennedy left who also bought a micro-flat in the same block) bought her minuscule apartment in Croydon just over a year ago and says she is happy to compromise on space because it is ‘completely her own’
A floor plan shows her one-bedroom flat measures just 344 square feet, falling two short of government planning requirements
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Lissa, who works in cinema sponsorship, told The Sun: ‘People gasp when they come into the flat for the first time, when they see how small it really is.
‘When I looked around it in May that year, I’d prepared myself that it was going to be small but I was shocked when I saw it. It’s tiny.’
But she says despite having to adapt to a ‘streamlined lifestyle’, she prefers it to spending £750 a month on rent in nearby Streatham, south London.
She rented her old flat with her friend Sophie Kennedy and was worried about telling her she was moving out.
But when she broke the news, it wasn’t long before Sophie had reserved a similar flat in the same block.
Lissa bought a micro-flat in the same block (other apartment pictured) as her friend and ex-flatmate Sophie Kennedy
Lissa’s flat in Croydon, south London, is smaller than government planning requirements but has been allowed on the basis of its high spec features
Inspired Homes: Lissa’s flat is in a development in Croydon, south London, where 82 homes office spaces have been converted into micro-homes
Lissa, originally from Dorset, saved £13,000 for the deposit and was helped out by a £114,000 government help-to-buy loan.
Her home is one of 7,800 converted office spaces made into homes across the UK to help councils and the Mayor of London reach their steep housing targets.
Insider Homes says of the teeny living spaces on its websites: ‘Offering micro-living for a macro lifestyle, we’ve created an intelligent high-spec, high-tech and ultra high quality compact living space that will leave you fulfilled.
‘Designed with first-time buyers and young professionals in mind, our innovative and lifestyle-led approach to layout makes the most of every inch of space to offer some of the best-value living in town.
‘Lots of natural light, engineered hardwood floors, designer kitchens, granite worktops, beautiful bathrooms, Smart thermostats and superfast internet connectivity all come as standard.
The 32-year-old’s (pictured) new home costs £30,000 less than the average property in south London because of its reduced space
‘As a micro-apartment specialist, our philosophy is that if you need to cut something to save money, it’s better to cut size rather than the specification.
‘With fewer possessions and music and film collections stored in the Cloud, we think that having the UK’s fastest broadband is more important than extra shelf space.
‘One-bedroom apartments are typically 30 sq m – 37 sq m (323 sq ft – 398 sq ft), with two-bedroom apartments averaging at 45 sq m (484 sq ft).
‘With hallway-free design, uniform open-plan living areas and often the addition of balconies, the apartments look and feel more spacious than the square footage suggests, while bedrooms easily accommodate a 4ft 6in double bed. Good things can come in small packages.’
Lissa said she had to go through a month of ‘aggressively’ throwing away things she didn’t need, but is now feeling right at home.
She added: ‘It’s a great option for people looking to buy on their own and it’s really sociable because everyone else living in the block is around the same age.’
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