You can buy an entire tropical island for the less than the price of a London flat

Covered in coconut palms and banana trees, and surrounded by crystal blue waters, you might think that owning a tropical island like this is beyond your reach.

But if you can afford a flat in London, then you’d be thinking wrong.

Named Iguana Island, this five-acre retreat is located 12 miles off the coast of Nicaragua, in the Caribbean Sea, and it’s for sale for $475,000.00 [£389,751.75]. According to Rightmove, last year London flats sold for an average of £565,147.

As for terraced properties, they went for an average price of £816,208, and semi-detached for £815,844. Think how many islands you could get for the price of a detached home!

On Iguana Island, there’s a three-bed property with two bathrooms, a dining room, a bar, a wrap-around porch, and a swimming pool.

(Not bad, huh? -Picture: Jam Press/privateislandsonline.c)

(All this for less than the price of a London flat -Picture: Jam Press/privateislandsonline.c)

The bedrooms are all big enough for double beds and a set of drawers, and the home is decorated with yellow walls, green windows, and dark wood furniture.

There’s more accommodation on the other side of the island for guests or staff members, and the sale of the island comes with a group of long-severing island staff, which includes an on-site manager and caretakers, who are happy to stay on and work for the island’s new owners.

The place is great for snorkelers and scuba divers with the wealth of tropical fish in the surrounding waters, and there’s a boardwalk by the sea along with a 28-foot observation tower.

(There’s a wrap-around porch-Picture: Jam Press/privateislandsonline.c)

(One of the bedrooms -Picture: Jam Press/privateislandsonline.c)

Ref: You can buy an entire tropical island for the less than the price of a London flat (metro)