Wrecked Shack In Peckham Sells For Almost £1m

3 November 2015, 16:34

Peckham shack

A run-down "bungalow" in Peckham has sold for more than £900,000 after a frantic bidding war - even though it has to be demolished.

(Picture: SWNS)

Sold without any planning permission, the property had a guide price of £590,000 but the bidding grew so intense that it ended up selling for closer to a million pounds.

Amazingly, the average house price in Peckham in 2005 was around £300,000.

Savills sold the shack on behalf of Southwark Council, with the new owner expected to submit plans for redevelopment in the near future.

Chris Coleman-Smith of Savills said "There was quite a lot of interest in it and bidding started at £600,000, so people weren't messing around."

Sadiq Khan

Mayor Sadiq Khan Says Londoners Should Be Angry With Uber, Not TfL

Nick Ferrari received this call from an angry RyanAir pilot

Furious Ryanair Pilot Calls LBC To Reveal All About Working Conditions

Archbishop Justin Welby live on LBC

Boy In A Dress Is "Not A Problem", Says Archbishop Of Canterbury

Hillsborough mum Margaret Aspinall met survivors from the Grenfell Tower

Hillsborough Hero Meets Grenfell Survivors To Give Advice On How To Get Justice

Comments

Loading...