London house up for sale for more than £1m sparks fury online

By Conor Wilson, News Reporter

Aerial presumption of Clapham successful London (Image: Getty)

A house for merchantability successful Clapham has sparked a lively statement connected societal media aft users expressed their daze and bewilderment astatine the eye-watering offers it has received.

The house, marketed by Kinleigh Folkard & Hayward seemingly takes the operation “you don’t ask, you don’t get” to the extreme.

Images featured connected the listing for the three-bedroom terrace successful South London amusement the location betwixt much modern neighbours, which accentuates the authorities of a spot asking for a seven-figure amount.

Pictures of the interiors look to amusement dated curtains and past carpets complementing 70s décor and stains connected the wall.

The utmost location terms was shared connected X by @SarahDuggers who simply said: “OFFERS IN EXCESS OF ONE MILLION POUNDS.”

Social media users reacted with a premix of incredulity and humour to the listing, with immoderate seeing it arsenic symbolic of the struggles galore look to spend a mortgage erstwhile specified spot prices are flooding the market.

One idiosyncratic said: “London doesn’t privation maine present does it?”

Whilst different observed: “That is perfectly mad. I unrecorded successful a bigger, nicer terraced location than that wrong commuting region of London and it's worthy similar a 3rd of that.”

The asking terms is considerably higher than the mean location terms successful Clapham, which presently sits astatine £851,134 according to Rightmove.

In the asking price’s defence, the £1 cardinal fig is importantly little than the merchantability terms of a fig of houses adjacent by.

According to Rightmove, 10 properties wrong 0.1 miles of the location sold for successful excess of £1,315,000 successful the past 2 years.

Last period saw the fastest yearly location terms maturation successful astir 2 years, according to an index.

In London, house prices person seen yearly maturation of 2 per cent, with an mean location terms of £524,685.

House prices crossed the UK accrued by 0.7 per cent successful September alone, Nationwide Building Society said.

This resulted successful the yearly terms maturation complaint accelerating from 2.4 per cent successful August to 3.2 per cent successful September, the fastest gait since November 2022 — erstwhile determination was a 4.4 per cent rise.