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."

James O'Brien took down all the final arguments for Brexit

James O'Brien Bursts The Final Reasons For Voting For Brexit

James was so moved by Dan's call

A Heartbreaking Take On The Hell Of Universal Credit... From An Emotional Landlord

The LBC presenter said he finally understood Mr Corbyn's popularity

James O'Brien Absolutely Nails The Reason For Jeremy Corbyn's Popularity

A frustrated James O'Brien had a heated discussion with a Brexiteer this morning

Brexiteer To James: "We Need To Start Spending Money On Whatever We Intend To"

Comments

Loading...