The luxury property at One Hyde Park has been dubbed the "ultimate pied-a-terre" and is so pricey that a simple waste bin takes up £6,300 worth of space.

But there will be no room for guests at the property, which is regarded as the finest one-bedroom home in the world's most expensive apartment block.

The lower level of the duplex apartment is the sleeping area and boasts a huge double bedroom with en-suite bathroom.

Upstairs is for socialising, with the area dominated by an open-plan living and dining room. There is also a separate toilet.

The one-bedroom apartment, in Knightsbridge, has now been put on the market for £9.9 million - 56 times the average house price in England and Wales.

It works out at £6,300 per square foot and is £4.3 million more than the next most expensive one-bedroom property in the capital.

And while large properties have sold for this £ per sq/ft price before, figures from LonRes, which tracks the property market, has a top one-bedroom price of £5,035 per sq/ft.

The kitchen, which measures a modest 12ft 11in x 8 ft 10in, takes up around £700,000 of space - the same as a large family home in most cities.

And whoever buys the flat will put a big smile on George Osborne's face as they hand over £1.1 million in stamp duty.

They also have to pay £2,000 per year in ground rent along with a £32,000 annual service charge.

One Hyde Park was designed by Richard Rogers at Rogers, Stirk, Harbour and Partners.

It opened in 2009 and is made up of 86 apartments with the interior designed by Candy and Candy.

Residents get 24-hour SAS-trained security, an in-house maid service, same day laundry and dry cleaning, room service from the Mandarin hotel and a private temperature controlled wine store.