Tiny house that ‘looks like a shed’ has dropped in price by £50,000 after 2 months on the market

The one bedroom property, just minutes from trendy East London’s Victoria Park, has been on the market for 2 months but is still not for sale

A tiny house in London that has been likened to a ‘garden shed’ has had its price reduced by £50,000 in two months because it still hasn’t been sold.

The one bedroom property, just minutes from trendy East London’s Victoria Park, has been on the market for 2 months but is still not for sale.

Although small, every corner of the house has been utilized to maximize space. The house was originally listed for £429,950 and is now priced at £380,000. MyLondon reports.

It is described by Foxtons on Zoopla as: “A stunning one bedroom apartment offering light and modern accommodation in a quiet location just minutes from Victoria Park.

“The property is just minutes from a range of shops and amenities that can be found in Victoria Park Village in Hackney, while the green spaces of Victoria Park are a stone’s throw away.”

When it was first launched, there was indignation from Londoners about how much the house cost.

It was described as “absurd” and “complete madness” that the “garden house” was offered for such a high price. It now appears that this opinion is shared by all potential buyers as the property has not yet been purchased.

The house was listed for £429,950 in January and has an open plan kitchen and reception area, a ground floor bathroom and a raised first floor bedroom.

Every inch of space in this tiny home has been thoughtfully utilized, with stylish shelving, seamless countertops and a bed that blends perfectly with the property’s design.

It is gray and decorated with garden plants. It could have come from an Ikea store and is perhaps a bit smaller than a typical Swedish homeware store showroom. Despite the obvious lack of space, its location is often coveted.

The areas around Victoria Park are considered very desirable for homeowners, with a number of schools nearby (although bringing a child into this home can be difficult) and plenty of independent shops, pubs and restaurants. In fact, Victoria Park was named one of the best places to live in London by The Times in 2020.