Published On:Sunday, August 12, 2012
Posted by abg man
UK's most expensive council flat up for sale for 1 million pounds
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LONDON: A former council flat, a stone's throw away from Kensington Palace and the residence of UK's richest man, Lakshmi Mittal is up for sale for a record price of around 1 million pounds.
The former council flat believed to be the most expensive flat ever to go on sale is located in a swanky neighbourhood in Kensington, West London where the Duke and Duchess of Cambridge reside, the Daily Mail reported.
It is minutes away from London's most expensive street - Kensington Palace Gardens which is home to the Royal family of Saudi Arabia, the Sultan of Brunei and ambassadors from Norway, Japan, Russia and France and the Indian-origin business tycoon Mittal.
Other famous faces within walking distance are Madonna, Nigella Lawson and supermodel Elle 'The Body' Macpherson.
A council flat is British government's housing built for the poor, according to the Urban dictionary.
The former council flat has five double bedrooms and boasts such benefits as access to a communal garden and three bathrooms.
The flat is described by the real estate agent as having a 'superb' location, which would explain the sky-high asking price of 9,49,950 pounds.
The flat was bought by the previous owner for nearly half the price- 4,89,000 pounds in 2006.
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