Derelict five-bed London terraced house for sale at almost £1million

Derelict five-bed London terraced house for sale at almost £1million


The world of property really is a fascinating place.

What you can get for one sum of money somewhere, is a totally different kettle of fish in another area.

For example, just under £1million would get you a rather lovely and spacious home in many parts of the country – even two houses in some spots.

But in London, it seems this price will get the likes of this derelict five-bed terraced house – which is currently on the market.

The property up for sale in Lower Clapton Street, East London, is in desperate need of repair.

So while the asking price is £950,000 – buyers will need to sink a whole lot more into renovating the property.

That’s because currently there are holes in the ceiling, there’s plaster missing, wallpaper hanging off the walls and gaps in the floorboards – amongst other issues.

However, those willing to put the work (and money) in will get 2631 sq ft to play with – including five bedrooms, two reception rooms, a kitchen and two rooms on the lower ground floor.

The listing stresses that the property is in need of modernisation, but there is potential for an extension – subject to certain consents.

There’s also a decent-sized rear garden. And, in terms of location, the house is a stone’s throw from Clapton station – plus Hackney Downs Park, Millfields Park and Hackney Marshes are all easily accessible.

Anyone looking to take the house on can bid at auction for the property – which is taking place on July 19 with Savills.

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