This miniature house in north London has made headlines for its whopping listing price – £275,000 (roughly $444.000). Described as a “one-bedroom terraced house” on the seller’s website, the tiny 188 square-foot home is just one room with a bedroom loft. Situated in a fashionable neighborhood of Barnsbury, the deal proves, that location is the key element in urban living. “It’s possibly the smallest house in the world,” said the agent. “It’s just been developed and put on the market. It’s a great crash pad for the area. It’s got everything a house would have and the space is cleverly used. There’s storage under the raised part of the living area, a patio out the front and a window. I’ve been to the property and it’s a really sweet house – it works.”