Saturday, November 1, 2014

London: semi-covered alley retails for € 330,000

Leave a Comment
We know that life in the cities is impossible when a half-covered alley in London was sold at auction for £ 330,000 ($ 1 million). It is true that London is not exactly the cheapest city in the world, but this alley in Northcote Road, Battersea, being sandwiched between two shops, is far from the perfect home â€" or even to be a House.

The site has building permission â€" hence the asking price had to be raised â€" but it's far, far away to be worth that much money. The new owner can now transform the space into a welcoming residence, but will have to spend as much, probably, to do so.

The construction authorization includes an extension of the House for a first floor, behind the alley â€" in total, the home may have up to 275 square feet. "[I was] a little surprised by the price at which the alley was sold. But only a little, "explained Chris Coleman Smith, director of Savills Auctions, in charge of the auction, the Evening Standard.

For the same price, according to Smith, the owner could buy a House with five bedrooms in Yorkshire or a spacious apartment of four rooms in Suffolk. But not in London.

If You Enjoyed This, Take 5 Seconds To Share It

0 comments:

Post a Comment