A derelict, end-of-terrace house completely surrounded by trees has gone on the market in London. Whoever buys the property, which has been left empty for years, will certainly need to call in a tree surgeon in London to get it into a good state!
The house has three bedrooms, a kitchen, reception room and bathroom, as well as a separate garage and a back garden. It’s going up for auction later this month with a guide price of £450,000 upwards.
While that might sound steep for a home you can barely see for the trees at the moment, it’s worth noting that a typical property on this street in London sells for an average of £800,000, so there’s scope for a good profit if it can be purchased for close to that threshold.
Robin Howeson, director at Savills Auctions, told the Mirror that selling a property in this state is rare.
“It has been neglected for so long and is in need of complete renovation. We’re calling it The Tree House,” he said.
Mr Howeson added that he’s surprised none of the neighbours had complained to the council about the state it was in.
Despite the state of the property – and the number of trees surrounding it – there has been a good level of interest in it, he added. It’s in a desirable location in Blackheath, just a short walk from Greenwich Park.
Anyone hunting for a bargain on London’s property market may want to snap this place up for below the average price in this area, particularly given that the Royal Institution of Chartered Surveyors has recorded falling house prices in the capital for 13 consecutive months now.