A miniscule flat with a shelf for a bed on sale for £275,000 is the latest example of Islington’s astronomical house prices.

Islington Gazette: Measuring just 188sqm it must be one of London's smallest properties (Picture: Zoopla)Measuring just 188sqm it must be one of London's smallest properties (Picture: Zoopla) (Image: Archant)

The pokey property in Richmond Avenue, Barnsbury, is essentially just one room and provides a toilet inches from the shower, has become the latest online symbol of ludicrous house prices in the capital.

Marketed as an ‘ideal pied-a-terre’, estate agents say the ‘unique 1-bed house’ provides a ‘creative open plan living space’, which is a euphemism for the fact you climb up some stairs over the kitchen area and sleep on a mezzanine shelf above the rest of the flat.

Small homes have been big news in Islington over recent weeks.

In June, a notorious ‘shoebox’ apartment in Kember Street, Islington, with just inches between the bed and kitchen cupboards, sparked national outrage after it was marketed for £737 a month by landlord Andrew Panayi, 67, who owns more than 40 properties in and around Caledonian Road.

Islington Gazette: It is on the market for £275,000 (Picture: Zoopla)It is on the market for £275,000 (Picture: Zoopla) (Image: Archant)

From the subsequent Islington Council investigation, last week a building in Holloway hwas hit with an order to stop 19 tiny bedsits inside it from being rented out.

Islington Gazette: The flat is located in the Barnsbury area of Islington in north London (Picture: Zoopla)The flat is located in the Barnsbury area of Islington in north London (Picture: Zoopla) (Image: Archant)

Islington Gazette: Well the agent does say it offers 'convenient living' (Picture: Zoopla)Well the agent does say it offers 'convenient living' (Picture: Zoopla) (Image: Archant)

Islington Gazette: The property is in a sought-after location, which may explain the whopping price for the tiny house (Picture: Zoopla)The property is in a sought-after location, which may explain the whopping price for the tiny house (Picture: Zoopla) (Image: Archant)

Islington Gazette: Sleeping arrangements consist of a shelf above the kitchen are (Picture: Zoopla)Sleeping arrangements consist of a shelf above the kitchen are (Picture: Zoopla) (Image: Archant)