Would you pay €445k for this teeny tiny garage? Somebody did!
Published 29/06/2016 | 13:58
A run-down garage in London’s Hackney has been sold for an astonishing £375k (€445k), even though the building doesn’t have functional plumbing.
The property, located off a side street in Stoke Newington, barely covers 750 square ft, and photos of its interior show slime green walls and a pile of rubble as its only notable features.
The building is not fit for human inhabitation but the garage’s prime location was the reason it fetched €445k from London-based Courrtneys estate agents.
The site has the potential for its new owners to build a small two-storey home in one of London’s most desirable locations, if planning permission is granted.
Courtneys wrote in its description of the property: “The property is situated in a very quiet yet very central small mews just off Stoke Newington Road.
“It thus benefits from being very close to numerous bus routes and the amenities of both Stoke Newington Church Street to the north and Dalston to the south.”
Founder of London housing campaign group Hackney Digs Heather Kennedy told the Evening Standard: “The fact that this squalid Stoke Newington garage would actually be out the price range of most people in London really shows the appalling extent of the housing problem.”