A total of 2,799 studios are currently for sale online in Britain, according to the latest statistics.
The flats vary in size and price, but all share a common feature – and that is they typically have only one room where the living area, dining area and bedroom are combined.
The price of the studios for sale on Zoopla range in price from the cheapest one in North Yorkshire’s Dewsbury with a price tag of £23,000 to the most expensive one in London’s Knightsbridge costing an eye-watering £3million.
Could a studio flat be the answer to your property questions? (Scroll down for more details about this version – pictured – in Hove)
We reveal what the most expensive and the cheapest studios look like inside and pick some other versions for sale around the country that have a price tag that sits inbetween those two price extremes.
Of course, some studios can be expensive to run, depending on their location and maintenance charges. As most studios will be leasehold, buyers need to check – and factor into their budgets – the service charges and ground rent clauses, along with the time remaining on the lease.
Lenders do not typically lend on leases that have 70 years or less as this is deemed too high a risk for them.
Daniel Copley, of Zoopla, said: ‘There are currently a wide range of studios for sale in the UK – with everything on offer from doer-uppers to luxury studios in Central London. If you do decide to invest, there’s also plenty you can do to maximise your space – be it investing in smart storage, or using mirrors to make the property feel more spacious.’
Here are five studio flats for sale…1. Dewsbury, North Yorkshire, £23k
This ground floor studio in West Yorkshire’s Dewsbury is for sale for £23,000, via William H Brown estate agents
The property for sale in Dewsbury is compact, but still manages to include a small kitchenette that includes a hob and storage
The leasehold property has only 80 years left on its lease and has an annual service charge of £847 a year, along with ground rent of £200 a year
This ground floor studio in West Yorkshire’s Dewsbury is for sale for £23,000, which is just above the maximum amount that savers can put into their Isa each tax year.
The leasehold property has only 80 years left on its lease and has an annual service charge of £847 a year, along with ground rent of £200 a year. It is being sold via William H Brown estate agents.
2. Sutton, South London, £200k
This leasehold studio flat is based on the ground floor of a modern block of flats in Sutton, which is in South London
The studio has a separate kitchen area with white cabinets and overlooks some parkland via windows in the main living space
The property is in on the market with a price tag of £200,000 and is being sold by Jackson Noon estate agents
This leasehold studio is based on the ground floor of a modern block of flats in South London’s Sutton.
It overlooks parkland and boasts allocated parking. It is available to buy for £200,000 via Jackson Noon estate agents.
The service charge and ground rent is available on request from the agent, along with the time remaining on the lease.
3. Knightsbridge, central London, £3m
This leasehold studio is part of a modern building in the heart of affluent Knightsbridge, which is in central London
The studio boasts a large living space with wooden floors, storage and a dedicated sleeping space, which is marked with its own wallpaper
The living space currently houses storage units and a large corner sofa that sits in the centre of the space, alongside a gaming area
The modern kitchen is separate and includes integrated appliances with some worktop space for preparing meals
The studio has a separate bathroom and is being sold with a price tag of £3million by The Cloister estate agents
The building provides underground parking, while the block provides a communal swimming pool and a gym
This leasehold studio is part of a modern building in the heart of London’s affluent Knightsbridge.
The studio has wooden floors and underground parking, while the block provides a communal swimming pool and a gym.
The studio is on the market for £3million and is being sold by The Cloister estate agents.
4. Hove, East Sussex, £230k
This studio flat is in one of Hove’s most prestigious sea fronted squares and is within easy walking distance of the beach
The East Sussex property boasts engineered wood flooring and energy-saving spot lighting
The studio boasts some views of open green spaces and is for sale for £230,000 via Move Revolution
This studio flat is in one of Hove’s most prestigious sea fronted squares and is within easy walking distance of the beach.
The East Sussex property boasts engineered wood flooring and energy-saving spot lighting.
It is for sale for £230,000 via Move Revolution, with lease and charges information available on request from the agent.
5. Birmingham, West Midlands, £90k
This leasehold flat in Birmingham is part of a modern red brick building and has a guide price of between £90,000 and £100,000
The studio flat fits a lot into a small – but bright and light – living space, and includes a separate kitchen with all the necessary appliances
The living space has laminate flooring and an entertaining area, and there is a separate shower room in the studio
This leasehold flat in Birmingham has a guide price of between £90,000 and £100,000.
It has communal parking and a communal garden, and is being sold via Express Estate Agency. More details about the charges are available from the agent on request.
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