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

Fancy it? 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 . According to Rightmove, last year London flats sold for an average of £565,147.

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 One of the bedrooms A backup generator, septic system and water catchment system make the island pretty self-sufficient, along with water, television, internet, mobile phone service and electricity.

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