Tiny 27sqm house in Chelsea needs work after 50 years, but still fetches $1.26m

If you find a property in the location you want, it seems size doesn't matter.

from
http://www.stuff.co.nz/life-style/home-property/90613115/Tiny-27sqm-house-in-Chelsea-needs-work-after-50-years-but-still-fetches-1-26m