Squalid London Flat sells for £600k!

A tiny, unmodernised one bed London flat, which is currently uninhabitable has been sold for more than its £600,000 asking price by Hamptons International.

Not the most appealing of properties....as well as having only 30 years remaining on its lease, it is said to shake when tube trains pass nearby.

However its location on Stanhope Gardens in South Kensington has attracted a lot of interest from potential buyers, with the new owner expected to spend at least an additional £350,000 to extend the lease and fully renovate and update the interior.

James Wardle, director of the Hamptons office in Knightsbridge said: “Stanhope Gardens is one of South Kensingtons’s most sought-after garden squares, with apartments selling for well over the £1 million mark. 

Properties of this nature do not often come to the market and, as such, it attracted a great deal of interest and is now under offer for over the asking price. 

This is a reflection of the kudos of buying in a Grade II listed building which, with some work, has the potential to become a good quality investor or attractive home.”