It has been a rollercoaster ride for the property market during the pandemic.
First, the market was temporarily shut down and then it bounced back so strongly that new price records have been set.
At the same time, the race for space saw many up sticks and leave small city flats for more spacious detached family homes in the countryside or near the coast.
But with more workers returning to offices, there is fresh demand for homes closer to city centres once again. So what you do get if you spend £1million on a one-bedroom flat in the capital?
What do you get for £1million? This one-bedroom flat in London’s South Kensington is being sold by Foxtons and has a south-facing balcony (scroll down for more details)
We take a look at five flats for sale on property website Zoopla with price tags around the £1million mark.
They include a leasehold apartment on the 48th floor of a tower block in East London that has an asking price of £945,000.
And there is a New York style loft space on the ground floor of a block in the East End that has access to a garden.
Daniel Copley, of Zoopla, said: ‘For buyers looking to splash the cash, there is currently a range of spectacular one-bedroom flats for sale in London – with many boasting high ceilings and period features.
‘Several of the properties also benefit from a fantastic location that’s within walking distance of some of London’s liveliest neighbourhoods.’
Five flats for sale for around £1m…
1. One-bed flat, Chelsea, £1million
This one-bedroom flat in London’s fashionable Chelsea is on the market for £1million and is being sold by Barnes International estate agents
The share of freehold flat extends across 610 square feet and is less than half a mile from West Brompton underground station
This one-bedroom flat is on the third floor of a period property in London’s fashionable Chelsea.
It extends across 610 square feet and is less than half a mile from West Brompton underground station. It also has a share of the freehold.
It is on the market for £1million and is being sold by Barnes International estate agents.
2. One-bed flat, East London, £1million
This unusual flat is part of a building in East London and is on the market for £1million via Strike estate agents
The New York style is a ground floor loft space that extends across 1,562 square feet and includes a large living area
The kitchen has some floor to ceiling white subway tiles as well as grey worktops and matching grey tiled flooring
This New York style in London’s East End is a ground floor loft space that extends across 1,562 square feet.
It also boasts secure gated parking, a share of the freehold, and direct access to a garden.
The property is within a five minute walk of Whitechapel station, with access to the new Elizabeth Line.
The flat is for sale for £1million and is being sold via Strike estate agents.
3. One-bed flat, East London, £1million
This flat in London’s trendy Shoreditch is being sold via Foxtons estate agents and is on the market for £1million
The one-bedroom property features a large open-plan living area with wood floors, white walls and plenty of light
The modern kitchen on the edge of the living area has grey cabinets that contrasts with the dark worktop and pillar
This one-bedroom flat in East London features a large open-plan living area with wood floors.
It is in London’s trendy Shoreditch, with is fashionable restaurants and clothing boutiques.
The property is being sold via Foxtons estate agents and is on the market for £1million.
4. One-bed flat, London, £1.1million
If you have a higher budget of £1.1million and are looking for a one-bedroom flat in a period redbrick building, then this home fits the bill.
The property is in London’s South Kensington and boasts a south facing terrace looking down Rosary Gardens. It is being sold by Foxtons estate agents.
This one-bedroom flat in London’s South Kensington is being sold by Foxtons estate agents and is for sale for £1.1million
The living room has some appealing features, including a fireplace, a large bay window, high ceilings and wooden flooring
The smart kitchen at the apartment has dark base and wall cabinets with contrasting white tiles and silver handles
5. One-bed flat, London, £945k
This London flat is for sale for £945,000
A one-bedroom flat in this luxury development in the heart of Canary Wharf in East London is on the market for just shy of £1million.
The tower block is called South Quay Plaza and it includes a 24 concierge as well as a residents’ club lounge and a terrace on the 56th floor. There is also access to a residents’ gym with state-of-the-art equipment.
The leasehold flat that is for sale is on the 48th floor and extends across 61 square metres. It also boasts a south-east aspect, as well as one bedroom and a bathroom.
There is good access to public transport nearby, including Canary Wharf underground station that is only 0.2 miles away and South Quay DLR station is 0.1 miles away. It will also have access to the new Elizabeth Line on the London Underground.
The buyer will need deep pockets as the luxury apartment is being sold via Hunter Realty estate agents with an asking price of £945,000.
No photos of the interiors are available on the listing, but they are available to serious buyers on enquiry.