London: A former council flat, a stone`s throw away from Kensington Palace and the residence of UK`s richest man, Lakshmi Mittal is up for sale for a record price of around 1 million pounds.
The former council flat believed to be the most expensive flat ever to go on sale is located in a swanky neighbourhood in Kensington, West London where the Duke and Duchess of Cambridge reside, the Daily Mail reported.
It is minutes away from London`s most expensive street Kensington Palace Gardens which is home to the Royal family of Saudi Arabia, the Sultan of Brunei and ambassadors from Norway, Japan, Russia and France and the Indian-origin business tycoon Mittal.
Other famous faces within walking distance are Madonna, Nigella Lawson and supermodel Elle `The Body` Macpherson.
A council flat is British government`s housing built for the poor, according to the Urban dictionary.
The former council flat has five double bedrooms and boasts such benefits as access to a communal garden and three bathrooms.
The flat is described by the real estate agent as having a `superb` location, which would explain the sky-high asking price of 9,49,950 pounds.
The flat was bought by the previous owner for nearly half the price- 4,89,000 pounds in 2006.
PTI
