This post was first published by Croydon Advertiser on 28/04/2017.
Inside the Croydon micro flats which are some of the smallest homes in town
More than 80 tiny flats with a maximum of 400 square feet of living space went onto the market last October in a bid to help first-time buyers get on the housing ladder – and the majority of them have already been sold.
Hundreds more of the miniature properties are due to be completed in the town this summer.
The flats are ideal for people who hate clutter, with the smallest measuring just 28 square metres (301 square feet), but they aren’t cheap – with the lowest priced Croydon flat costing £282,950.
Properties are hallway-free but high-spec, with each having granite worktops, full-height glazing, solid wood floors, high-speed hyperoptic broadband and smart-control heating and security.
Most of the properties also have a balcony.
A total of 82 micro-flats in South End, South Croydon, in a building called Central Cross, went up for sale – with only 30 remaining at the time of writing.
This is despite the fact that the development won’t even be finished until later this year.
The most expensive home at Central Cross which remains available is on sale for £349,950 and, with 442 square feet of space, is one of the larger micro-flats.
This follows another 119 micro-flats by the same developer – Inspired Homes – being put on the market.
All 119 of these micro-flats, at Green Dragon House, on Croydon High Street, have already sold.
The developer believes the flats’ open plan layouts make them feel far more light and roomy than is actually the case.
Shared spaces have been incorporated into all the micro-flat blocks developed by Inspired Homes.
At Green Dragon House there is a yoga and exercise room, a communal roof terrace with seating, a second-floor garden with table tennis facilities and a residents’ lounge.
There is also shared bike storage, tool stations and cupboards for deliveries to help residents with the practicalities of living in a micro-flat, along with concealed storage units in each property.
Some 235 more of the tiny homes are on the way in Croydon, with construction at Impact House, on Edridge Road, due to start this summer.
Here the starting price will be £304,950.
But why the sky-high demand for such tiny apartments?
Martin Skinner, chief executive at Inspired Homes, said: “With so many young professionals struggling to get onto the housing ladder, they would prefer to own a small but neat, high-tech, high-spec apartment than nothing at all, so there is a lot of demand.
“Many of our buyers are used to renting in house shares so the idea of having their own apartment and the privacy that comes with it beats having an often substandard, rented room hands down.
“They also appeal to those who want a two-bedroom micro property but only have enough money for a one-bedroom standard size apartment.”
Mr Skinner added that the smaller units are around 20% cheaper than larger space standard compliant new-builds in the same location.
Over the border in Sutton, Inspired Homes has sold all but eight apartments at its first site in the borough, which is called Sutton Court.
Flats in Sutton Court, in Sutton Court Road, are a little cheaper than in Croydon, with prices starting at just under £270,000.
The micro-flats are all either one or two-bedroom properties, with open plan living rooms and kitchens, and a bathroom.
For more information about the micro-flats, visit www.inspiredhomes.uk.com