A former garage/storage site of approximately 570 sq ft with planning permission for a two bedroom house, created a bidding war in the SAVILLS auction room on Monday.

The hammer finally went down at £466,000, almost DOUBLE the guide price!

The rectangular site, located adjacent to No.2 Delorme Street and at the rear of 209-211 Fulham Palace Road, was for sale by auction at a guide price of £250,000.

Location Location Location.... is ultimately what has driven up the price – a two-bedroom flat in a new development nearby is being marketed for £799,950.

House prices in the south-west London borough of Hammersmith and Fulham average more than £830,000.