A one-bedroom flat in London has been listed for £1.75 million, a price that dramatically exceeds the average London flat cost of £500,867, according to Metro. The property, marketed by Coopers, is described as a 'home rich in architectural pedigree and royal provenance.' It is located in Cumberland Terrace on the edge of Regent's Park, a Grade I-listed building designed by John Nash, a prominent Georgian and Regency era architect.
Reddit users mock the flat's interior design
On the popular Reddit thread r/SpottedonRightmove, commenters have pointed out that despite the premium location and price, the flat's interior is notably bland. The space features a palette of white, grey, and black, with some users comparing it to an IKEA showroom. Redditor @CypherGreen said: 'What gets me more isn't the price or one bedroom alone. It's the fact for that price, in that area, in that building, you would expect and hope for more than the most boring grey, white and black clinical boredom.'
Another user, @kimsala, commented: 'I get the address is prestigious and the exterior is impressive, but walk in and you're in a friggin' new build.' @EntrepreneurFast7772 described the flat as 'bland as bland can be,' while @RelativeCelery2844 wrote: 'The outside may be [a period property], but the inside is ugly new build white.'
High ongoing costs and market context
The flat's financial commitment extends beyond the purchase price. The leasehold details show an annual ground rent of £1,100 and a service charge of £14,000 per year. Andy Morrison, director of UK Property Development, told Metro that the asking price is 'some 73% higher than the average asking price across the NW1 postcode.' He added that the property is 'far from an ordinary one-bed,' noting that 'Cumberland Terrace is one of the great John Nash terraces surrounding Regent's Park and its Grade I-listed status reflects just how architecturally significant it is.' Morrison explained that Nash designed these terraces to have 'the grandeur and presence of palaces,' which carries a considerable premium.
The flat also includes five car parking spaces, which Morrison said can individually sell for 'tens or even hundreds of thousands of pounds in their own right.'
Broader London flat market struggles
This listing comes amid a challenging market for London flats. A 2026 study from property data firm Bricks & Logic found that nearly half of the small flats on the market in London are selling for less than they were bought for, a trend that extends back as far as 20 years in some cases. The data indicated that the typical price of a flat in the capital has fallen by 6.2% over the last year, approximately £35,000 on average.
Louisa Conlon, a 39-year-old healthcare IT worker, has been trying to sell her one-bedroom flat in Woolwich since January 2025. She told Metro that she has reduced the price three times. Conlon bought her home in 2017 and said: 'We want to upsize, and move outside London to have a little bit more green space. But there seems to be a huge supply of one-beds, particularly in southeast London.'
