Balcony with grass and view goes on sale for £50,000 – but there's a huge catch

01 August 2023 , 12:09

994     0

The 'unique' balcony has been put on the market and has surprisingly gathered interest (Image: Jam Press)

People searching for homes have been left baffled after they assumed that a property had gone on the market for £50,000 – before realising it was just the price for the balcony.

The prestigious terrace, located in "prime" South Kensington, London, boasts a luxurious exterior including huge windows, with the balcony running around the first floor. And although the viewing platform is a decent size, it's fairly small and cold to be considered a place to live.

The terrace features artificial grass and a small fenced area, overlooking crammed houses. However, the description states that the balcony is ideal for both "business opportunities and recreational purposes."

The listing sent Londoners into hysterics (Jam Press)

It reads: "Next Home Ltd presents a unique opportunity to acquire this exquisite terrace with its own private entrance via a lift, located in one of South Kensington's most coveted addresses.

"This exciting property is ideal for individuals looking to expand their property or business portfolio. Additionally, its convenient location makes it suitable for someone seeking a prestigious central London address, perfect for both business opportunities and recreational purposes."

UK house prices fall again - down 3.2% from last year peak, says Nationwide

But people on social media couldn't get over the hefty price with users jokingly branding it "alfresco" and "green living." User Jay Croucher commented: "Note no actual measurement. Best guess from Google Maps in 4x2m. A metaphor for the housing market." While user Jimmy Mack joked: "Is this designed for some criminal endeavour?"

Another person called Ian added: "You can buy a balcony in central London. Just the balcony, not the rest of the flat. Ideal for al-fresco living." Glenn Jacobs, of Next Home Ltd, recently told the Evening Standard that the unusual listing has been a hit with prospective buyers. He revealed that the listing has amassed nearly 200 enquiries - with a "mixed pot" of potential uses including the proposal of a conservatory.

He explained: "I’ve had people approach me about whether the lease would enable them to live in a tent on the terrace. It’s been really, really popular. There’s such a shortage [of housing]. I hadn’t even considered that people would look to be more creative in regards to where and how they live."

Have you found an alternative living style to call home? Share your story at [email protected].

Monica Charsley