North London alleyway wide enough to fit a set of wheelie bins on sale for £1.5k
Paul Giles, director of Midlands-based Auction Estates which is managing the listing, explained the alleyway was being sold by a “London-based company that is cleansing pieces of land in their portfolio”.
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An alleyway sandwiched between two houses in North London has been put on sale for £1,500 - despite lacking an adjoining property.
The L-shaped stretch in Enfield is described on Rightmove as being “located in a well-established and affluent residential area”.
The unusual plot of freehold land extends alongside and behind a neighbouring house and is separated by a wall and a fence.
Bizarrely, the listing continues that the alleyway benefits from good "connectivity" - despite not coming with any property from which a future owner might wish to commute.
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Paul Giles, director of Midlands-based Auction Estates which is managing the listing, explained the alleyway was being sold by a “London-based company that is cleansing pieces of land in their portfolio”.
He told the Telegraph that auctions were a good way for housebuilders or large companies to offload small bits of land which still have some value.
Mr Giles said he could imagine one of the neighbouring property owners wishing to purchase the path, perhaps to provide space for a small extension. "Otherwise, lawyers may query who owns the path next door," he added.
"These parcels of land are incredibly cheap but might add value to your property," he continued.
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Alternatively it could be an investor looking to wait and watch what happens with the land in the area over time. Down the line a developer might offer to buy it at a good price, Mr Giles added.
The average house price in Enfield hit £473,000 as of January according to the Office for National Statistics.
Auction Estates lists "weird and wonderful" small plots of land all over the country, Mr Giles said including other alleyways, garages and portions of grass.
The listing stated the seller "does not occupy the property and has little knowledge of it".
The alleyway will go to auction on April 23 at Nottingham Racecourse.