Home / Business and Economy / Hazmat House: London Home Fetches £925k
Hazmat House: London Home Fetches £925k
27 Nov
Summary
- Dilapidated two-bedroom house filled with rubbish is for auction.
- Property in desirable Camden Mews has a guide price of £925,000.
- Developers see potential despite extreme neglect and overgrown exterior.
A severely neglected two-bedroom property in London's sought-after Camden Mews is heading to auction with a guide price of £925,000. The house is crammed with rubbish from floor to ceiling, and its exterior is extensively overgrown, giving it a derelict appearance.
Despite the extreme disarray, including an abandoned car on the driveway, the freehold corner plot is drawing significant interest from developers and investors. Auction House London highlights the property's prime location, suggesting that even unappealing sites offer substantial promise in such desirable postcodes.
This property represents a unique opportunity for redevelopment, with nearby homes selling for over £1.2 million. Auctioneers emphasize their transparent marketing approach, trusting buyers to see beyond the current condition and recognize the significant potential for a substantial return on investment.
