London balcony on market for $63.7k, apartment not included

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An outdoor balcony in London is on the market for $63,700, but the listing agent says it doesn't come with an apartment

An outdoor balcony"with its own private entrance" in a wealthy London neighborhood is on the market for £50,000, or around $63,700. The singular balcony is on the third floor of an apartment building on Stanhope Gardens in South Kensington, according to the advert onGlenn Jacobs, managing director of Next Home Ltd, which holds the property listing, told Insider that properties in the same building are worth an average of £1.2 million, or around $1.5 million.

Jacobs told Insider that the agency has received around 220 inquiries about the balcony since it was put on the market three weeks ago. He said some people who live in the building have expressed interest, and that the space could be used to hang laundry or as an outside breakfast area. However, he added that most of the interest has been external. Some people have been confused to discover that an apartment isn't included in the price tag, he said.

"Some people have misinterpreted the advert. Some foreign investors have not understood and are thinking it's an actual flat," Jacobs said. that potential buyers have asked if they would be able to reside on the balcony using a tent. Speaking to Insider, he said all buyers should do their"due diligence" and speak to the apartment block management about the legalities of making the balcony a home address.

The building is located in a prestigious area; it's around a 20-minute walk from Harrods, a luxury department store in central London, according to the listing. It's also the same distance to

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