I live in SE London on a street of narrow Victorian terrace houses. It's nice; lots of young families who all know each other by name without being overbearing.
One of the houses was recently sold through probate and building work has been getting increasingly confusing (stud walls going up across windows, multiple doors being installed into the rear of the house). It now turns out the unit is being turned into bedsits.
I feel pretty ignorant as I had thought tiny bedsits (which these will be) were a thing of the past, given the volume of new builds going up.
Does anyone have direct (recent) experience of living in a bedsit or creating one as a property developer? Why would a property developer choose this route, is it more profitable?
I'm probably more invested in this development than I usually would be, as I'm WFH and have been idly watching it evolve each day 😆