How does a structure that's just stairs have a separate title that can be sold? The entire premise of this is so incomprehensible to me.
Brits -- is this a common thing?
You can sell any subdivision of land. Happens all the time, e.g. a house on a large plot of land is demolished and the land divided into land for multiple new houses. Or two neighbours might exchange some land if the border is not convenient. Is this not a thing in the US?
What parent is asking is whether selling just the stairs in a building, or happenstances to that effect, are common in Britain.
But they aren’t buying the stairs. The stairs are worthless. They’re buying the land underneath.
As far as I understand the stairs are disconnected from the adjacent property and unused.
edit: here’s the first article when it was still up for sale: https://www.theguardian.com/society/2023/jul/30/step-to-rich...
No this is a London thing because London property prices are ridiculous. For the price of a London bedsite you'd be able to buy a detached house in most other places in the UK.
More about it here: https://www.theguardian.com/society/2023/jul/30/step-to-rich...