And finally… property ladder

And finally... property ladder

The Twickenham stairwell's exterior (credit: Barnard Marcus Auctions)

In a recent auction that underscores the frenzied state of London’s real estate market, an unused four-storey metal stairwell was sold for £25,000, 20% more than its starting bid.

The Twickenham stairwell, unused since the connected office building was converted into residences in 2016 and the stairwell was disconnected, was bought by Simon Squibb, a longtime entrepreneur who has co-founded HelpBnk.

HelpBnk, a company designed to support aspiring entrepreneurs, sees the stairwell’s “development potential”. Though the company currently lacks an office space, plans are in motion to transform the stairwell into an unconventional workspace, The New York Times reports.

And finally... property ladder

The stairwell's interior (credit: Barnard Marcus Auctions)

Barnard Marcus Auctions partner, James Paterson, said: “The staircase generated a good amount of interest. We’ve had more than 8,000 hits on our You Tube video.

“There’s potential for it to be used for storage or possibly development.”

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