A booming population means that those looking to live in the heart of popular areas are feeling the squeeze. Would you sacrifice space to live in your perfect location?
Micro flats, or apartments, have spread their way from Asia’s urban cities to the British housing market. Technically, a microflat is no larger than 300 square feet, but the term can be applied to any small-sized studio flat. Traditionally created for larger families looking for affordable solutions, the microflat offers suitable accommodation on a cheaper budget, using intelligent design to maximise storage opportunities.
As the demand to live in popular areas grows, the shortage of houses increases and for many people, renting or buying a full-sized house is just not an option. Popular with young professionals and students wanting to live in up-and-coming areas, although small, micro flats can offer people the postcode of their dreams for a fraction of the price they’d normally expect to pay.
What do they look like?
The term micro flat can sound a little uninspiring, a room no bigger than and with the same decorative imagination as a prison cell suddenly springs to mind.
However, the micro flats that are appearing in ultra-trend-conscious locations, such as London’s Mayfair or Manchester’s Northern Quarter, are brimming with stylish space solutions. These flats utilise interior design with ingenious colour schemes and precise lighting to exaggerate the space that is there.
If you are averse to hidden storage, then the micro flat is not the right choice for you. It’s not uncommon to climb up a pull-out staircase on your way to bed, getting into the single mattress that lies above it to sleep. You will find many fold-away items, acting as desks but moonlighting as wardrobes and tables at the flip of a fold.
Swift tenant turnover
The appeal of micro flats to certain segments of the market is obvious, but how long tenants stay in these properties is questionable.
Offering up space for an ultra-cool area may suit certain people well, if you are a busy young professional who spends the majority of their time at work followed by nights out socialising, then having a smaller flat that is only really used for sleeping in could be the perfect arrangement. Living without family obligations, and children, means that a large-sized apartment is not a necessity. Why pay more for an apartment you are never in?
This means that tenants of micro flats have a rapid turnover rate compared to tenants from more average-sized flats, choosing to graduate to a larger space once they have moved up the career ladder.
However, this isn’t necessarily a bad thing, as a shorter tenancy means that there is a greater chance to update the look of the space, so the properties will remain as ultra chic as the areas they reside in. If you are moving into a furnished flat, then there is less opportunity for wear and tear, as tenants only residing for the course of a year tend to be more careful with how they treat the furniture in comparison to tenants living in apartments for a number of years.
This is a fascinating trend that we expect to see much more of in the coming years. Remember, an ultra-modern flat doesn’t just come in micro size – have a word with us today and we could find you the apartment of your dreams.