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Almost 900 studio flats for sale on Zoopla cost more than an average home

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Almost 900 studio flats are on the market costing more than the average home – we pick three… including a £1m version

  • The majority of the 900 expensive studios identified by Zoopla are in London
  • We pick three studio flats for sale to see what you can get for your money
  • Our selection of high-priced studios include one costing more than £1million 










Almost 900 studios currently for sale cost more than the average price of a home in Britain, it has been revealed.

The flats vary in size, but all share one common feature – and that’s they have typically have just one room in which the living area, dining area and bedroom are combined.

The majority of the 900 expensive studios identified by Zoopla are in London, where house prices tend to be higher than the rest of the country.

This studio flat costs £395,000 and is in the heart of London's Chelsea  (scroll down for more details)

This studio flat costs £395,000 and is in the heart of London’s Chelsea  (scroll down for more details)

We picked a couple of examples in the capital, including one in the Battersea Power station development with an asking price of more than £1million.

The average price of a home in Britain stands at £325,037, which is around half of the £649,941 value for London, according to Zoopla.

The property website revealed there are 878 studios for sale that cost more than the £325,000 national average house price.

One of few expensive ones outside of London include a studio in Cambridge, and it is up for grabs for £395,000.

Daniel Copley, of Zoopla, said: ‘Living in a studio can have several perks including a cosy and cute interior, reduced electricity bills, while they can also be easier to clean, furnish and maintain.

‘To make the most of your space, ensure you maximise the natural light and storage space. It’s also worth considering using accessories like mirrors to make the space seem larger.’

Three expensive studio flats for sale…

1. Studio, Chelsea, London, £395,000

This £395,000 studio in the capital's Stewarts Grove in Chelsea has a colourful exterior

This £395,000 studio in the capital’s Stewarts Grove in Chelsea has a colourful exterior

This studio flat costs £395,000 and is in the heart of London’s Chelsea on Stewarts Grove.

It is between the trendy King’s Road and Fulham Road, with South Kensington within walking distance.

The website listing only shows photos of the property’s colourful exterior, which could potentially be a magnet for Instagram users. 

It does reveal the interior floor area, which extends to 243 sq ft – or 22.6 sq m. The studio is being sold via Dexters estate agents.

2. Studio, London, £1,075,000

This studio flat for sale is part of the iconic Battersea Power Station, and is available to buy off-plan for £1,075,000 via estate agents MCB Real Estate

This studio flat for sale is part of the iconic Battersea Power Station, and is available to buy off-plan for £1,075,000 via estate agents MCB Real Estate

The leasehold flat in Battersea extends across 592 sq ft, which is the equivalent of 54.9 sq m

The leasehold flat in Battersea extends across 592 sq ft, which is the equivalent of 54.9 sq m

This studio is on the second floor of Switch House East in the iconic Battersea Power Station, and covers 592 sq ft, the equivalent of 54.9 sq m.

The development includes residence facilities such as a swimming pool, gym, and meeting rooms.

The leasehold flat is available to buy off-plan for £1,075,000 via estate agents MCB Real Estate.

3. Studio, Cambridge, £395,000

The studio flat is on Coldhams Lane in Cambridge, part of a development with electric gates

The studio flat is on Coldhams Lane in Cambridge, part of a development with electric gates

The leasehold property is for sale for £395,000 via estate agents Bidwells New Homes

The leasehold property is for sale for £395,000 via estate agents Bidwells New Homes

This flat is on Coldhams Lane in Cambridge, in a development with electric gates.

It extends across 562 sq ft, the equivalent of 52.2 sq m. The leasehold property is for sale for £395,000 via estate agents Bidwells New Homes.

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Taoiseach’s family shaped by their working-class roots

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As a special needs assistant at Bunscoil Chríost Rí in Turner’s Cross on the south side of Cork city, Mairéad Martin-Richmond is often asked how she manages financially.

Martin-Richmond, a 59-year-old separated mother of two grown-up children, is a sister of Taoiseach Micheál Martin and says her family’s working-class roots keep her grounded.

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Hines invests in industrial portfolio in Northern Italy

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Hines has reached a binding agreement for an off-market investment to acquire 20 logistics assets located between Emilia Romagna and Lombardy through the Italian fund HEVF II Italy managed by Prelios SGR on behalf of the Hines European Value Fund 2 (HEVF 2). The transaction involves the acquisition of the real estate portfolio from four different selling companies and the simultaneous 15-year lease of the same portfolio to Snatt Logistica Group, a leader in the third-party logistics (3PL) sector focusing exclusively on the fashion industry. The portfolio of 20 logistics assets provides a total of 200,000m² of logistics space around Milan, Parma, Reggio Emilia, and Bologna. They are strategic, well-established logistic centres that enjoy effective, rapid connections with Italy’s main cities and the rest of Europe.

 

“We are pleased to start 2022 with an important investment in the logistics sector that consolidates our presence in the main intersections in Northern Italy. At Hines, we believe in the potential of the logistics sector in Italy and have set an investment target of around €1bn in 2022,” commented Mario Abbadessa, senior managing director & country head of Hines Italy. “We are proud to collaborate with Snatt Logistica Group, which is an international 3PL logistics leader in the luxury fashion industry, and we are certain that we will be able to develop a shared path for growth, guided by common values, including ESG, which is key to our DNA.”

 

Paul White, senior managing director and fund manager for HEVF 2 at Hines, said: “This is an attractive portfolio of assets with a strong, innovative tenant at the forefront of Italy’s fast-growing third-party logistics sector for the fashion industry. We believe that e-commerce will continue to drive long-term demand for high-quality logistics facilities in Italy’s northern cities, pushing the value of these investments forwards, while there is also a significant opportunity to enhance the sustainability performance of existing assets here. This is aligned with our ESG objectives as recognised by GRESB, with HEVF 2 achieving the award of Overall Global Sector Leader in the Diversified Office/Retail category for sustainability performance in 2021.”

 

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Latest Coveney gaffe shows new knack of ‘making small problems big’

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“Don’t mind your press releases,” a Fine Gael source was told by a more experienced hand on their first day in Leinster House; “If you want something out there, just say it in the PP [parliamentary party meeting].”

It’s a truism of Irish politics that these meetings – especially those of the two larger Government parties – leak like the proverbial sieve. This got worse during Covid, when virtual meetings meant members were unencumbered by the need to even appear interested, and journalists were freely briefed in real time. The content of the meeting, coupled with the observations of parliamentarians – arch, knowing, and unfiltered – populated twitter streams and news copy.

So, when Simon Coveney’s remarks about his surprise at the meeting between the Russian ambassador to Ireland and the head of the defence forces were promptly headline news, it can’t have been too much of a shock. “He knows he’s speaking at the leakiest meeting in Leinster House,” observed a source present.

Still, some in the room thought when Michael Creed raised the issue, Coveney would just “warble on like you normally do”. Instead, after a gap of several minutes while other questions were fielded, the Minister for Defence bit down. He said he was “surprised to put it mildly”, several sources present said, and questioned the judgement of it.

Afterwards, sources close to Coveney quickly asserted the Minister meant the tweet from the Russians, and the accompanying picture, were the issue, not the meeting. But multiple sources at the parliamentary party interpreted it as referring to the meeting, and what’s more, as a direct rebuke to the chief of staff. “The tone I got was he was f***ing livid,” said one source.

Either way, the remark was leaked, it was controversial, and early the next morning, Coveney was mending fences in the Dáil, expressing confidence in Clancy and contrition for having brought him into the line of political fire.

A kind interpretation, offered by some at the meeting, is that he feels honour-bound to respond fully to questions from parliamentary colleagues. There is likely truth to that. But equally, many believe he would have known his comments would have been controversial, open to interpretation as a rebuke to the head of the Defence Forces, and that it was meant as a shot across the bows.

Others postulate that – perhaps more worryingly – he didn’t detect the political risk inherent in the remarks, which the Opposition would say had undermined the Chief of Staff . “Simon should have known this was going to result in public comment,” said another person there.

That, in truth is the bigger concern – that Coveney’s bad run of form is down to a blunted political dexterity. “You’d know by the way he said it he wasn’t trying to cause controversy,” one colleague said – adding that it was, however, evidence of Coveney’s new knack of “making small problems into big ones”.

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