Balcony marketed as an ‘exquisite terrace’ is up for sale in Kensington for a staggering £50,000 (with no internal space included)

Balcony marketed as an ‘exquisite terrace’ is up for sale in Kensington for a staggering £50,000 (with no internal space included)

A London estate agent is selling an ‘exquisite terrace’ – otherwise known as a balcony – for a staggering £50,000.

Next Home Ltd is selling the 128sq foot railed off ‘garden’ in Stanhope Gardens, South Kensington, which doesn’t come with any internal area and is simply accessed via a private lift.

Rather than adjoining an apartment, the terrace is registered as a separate property with its own title and 110-year lease – and the agent has had more than 200 inquiries about it since it was listed last month.

The bizarre offering has left London house hunters scratching their heads.

Some potential owners have even asked if they could pitch a tent on the cramped outdoor space. 

A London estate agent is selling an 'exquisite terrace' - otherwise known as a balcony - for a staggering £50,000

A London estate agent is selling an ‘exquisite terrace’ – otherwise known as a balcony – for a staggering £50,000

It was spotted by @ianVisits on Twitter, who posted a link and said: ‘You can buy a balcony in central London. Just the balcony, not the rest of the flat. Ideal for al-fresco living.’

A description of the balcony on RightMove says: ‘Third floor terrace with a lift entrance in prime South Kensington location.

‘Ideal for property or business portfolio expansion. Only a 20-minute walk to Harrods.

‘Excellent transport links with Gloucester Road and South Kensington stations within minutes. Convenient access to shops and cafes just a minute away.’

It added: ‘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.

Next Home Ltd is selling the 128sq foot railed off ‘garden’ in Stanhope Gardens, South Kensington, which doesn’t come with any internal area and is simply accessed via a private lift

It was spotted by @ianVisits on Twitter, who posted a link and said: ‘You can buy a balcony in central London. Just the balcony, not the rest of the flat. Ideal for al-fresco living’

‘Central London green living with a beautiful garden square just across the road. Only a 20-minute walk to the world-renowned Harrods.

‘The lease has an impressive 110 years remaining.

‘Please note that the images provided are for illustrative purposes only. We encourage potential clients to conduct their own inquiries and due diligence.

‘This is an exceptional opportunity not to be missed! Contact us today to arrange a viewing.’

Agent Glenn Jacobs at Next Home Ltd said: ‘It’s a standalone terrace area – you come up some stairs, there’s a door to access it and there’s literally just a terrace there.

Those who saw the post were astounded with someone jokingly asking if they can camp there 

‘I’ve had people approach me about whether the lease would enable them to live in a tent on the terrace.’

The property’s current owner, who lives in east London, bought the terrace as an investment and is now selling to release the equity.

The average property on Stanhope Gardens costs £1,388,750, according to Rightmove. Most are flats.

Those who saw it were astounded. ‘Fake grass too. Classy,’ one Tweeted.

‘Just need a tent me and I’m sorted,’ a second said.

‘Uh… I guess it’s for people who want a specific address in the area? Also why would something like this have a private access? How strange,’ another added.

‘ ‘I give it an outside chance,’ a fellow commenter joked.

https://www.dailymail.co.uk/femail/article-12365465/Balcony-marketed-exquisite-terrace-sale-Kensington-staggering-50-000-no-internal-space-included.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Balcony marketed as an ‘exquisite terrace’ is up for sale in Kensington for a staggering £50,000 (with no internal space included)

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