London flat leased in record time

A MAYFAIR flat the size of a bathroom has been rented within 40 minutes of appearing on the market.

The tenant paid £10 000 (R182 500) in advance to secure the tenancy for the 27m² flat – and moved in two hours later.

The lightning-fast deal has set a new record for the London letting market and shows just how overheated the capital’s rental sector has become.

Within 15 minutes of the flat appearing on its website, letting company EJ Harris had received more than 200 e-mail and telephone inquiries.

Within 30 minutes, there were five serious offers and 10 minutes later the flat had been let.

The winning tenant – a woman in her 30s – works as a manager at one of the five-star hotels on Park Lane. She needed a home close to work

She did not even see or visit the flat before she made an offer on the deal. To beat the other four serious bidders, she paid all £10 000 up front.

The flat has a small living area which leads into a compact open plan kitchen-dining area. There is also a bedroom with wardrobe space and a shower room.

– The Telegraph

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