Micro houses for the student rental market?
The prototype of an eco-friendly micro house has been bought by a Londoner for £9,500 at auction, adding £1,500 to the original listed guide price.
Mic Choudry, the owner of Moving Home Company Ltd, intends to use the portable single residence - which, at 130sq ft is about a third of the size of a Tube train carriage - as on-site living quarters for the foreman at the company's 25,000sq ft commercial premises in Greenwich, south-east London.
Micro houses, supplied in Britain by Ecodom, are kitted out with a fold-down bed, kitchenette and shower room. If all goes to plan, Choudry would like to invest in more of these compact homes, with the idea of creating a rental village that would be ideally located for students at the University of Greenwich nearby.
Including VAT, he paid a total of £12,000 for the "studio house made from wood". He says: "I think it was a good investment. It's a compact building and nicely fitted out. I think they could work particularly well for the student market in London."
Read the full article at Homes & Property