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A flat the size of a tent is for sale for $100,000 on the London property market

The unit is on the ground floor of this Victorian house in Lower Clapham. (Supplied: My Auction)

Space is overrated, right?

That's the thinking the owners of what is thought to be one of the smallest flats in London are hoping buyers will embrace when the property goes under the hammer next week.

Bidding for the 7-square-metre "microflat" in Lower Clapham starts at 50,000 pounds ($94,000). However, it is likely to sell for more than double the asking price, as it was bought for 103,500 pounds in 2017.

The tiny unit features a raised bed, under which sits storage, a mini-fridge and space for a microwave. On the other side of the room, a sink and collapsible dining table. 

A minimalists dream. (Supplied: My Auction)

A separate wet room rounds out the square metreage, with a toilet, sink and shower. 

In all, the flat is a little over half the size of an average parking spot, or about the size of a compact four-person tent.

There is space to lay out six and a half bath towels, if you fancy.

There's no need for a curtain when the entire bathroom is the size of a standard shower cubicle. (Supplied: My Auction)

The no-nonsense, just-the-essentials lifestyle on offer is being marketed towards single professionals looking for a place to lay their head and nothing more.

The real estate listing focuses on the location of the flat — within walking distance of plenty of trendy cafes, bars, restaurants and shops.

There are a number of sorely-needed green spaces a short walk away, too.

However, a potential resident commuting to and from a demanding corporate job will have to catch an overground train more than a 10-minute walk away before changing to the Tube to get into central London.

The flat is being held up as an example of how inaccessible housing has become in the British capital.

Julia Rugg, a research fellow at York University’s Centre for Housing Policy, told The Guardian the Clapton sale reflected the "inflated nature of the housing market in London" and said it would be a "worrying development" if microflats were seen as a solution to housing affordability.

"The neighbourhood may well be awash with bars and cafes but relying on these for living space makes life very expensive," she said.