London's most derelict house sells for £2m - and it only has one bedroom

2 hours ago 2

A mews location successful "really mediocre condition" successful 1 of London’s apical locations has yet sold - aft 7 years.

The crumbling location successful Maida Vale is located connected Pindock Mews - the thoroughfare wherever the precocious Sex Pistols guitarist Sid Vicious and his woman Nancy Spungen famously lived.

After hitting the marketplace successful 2017 for a whopping £2.5 million, the one-bedroom spot - dubbed London’s astir derelict - struggled to sell.

But Noah Pearlman, advisor astatine Harding Green, has yet recovered a buyer.

Mr Pearlman, who has been looking aft the spot since time one, says helium won't disclose the nonstop magnitude - but it isn't acold disconnected the afloat asking terms of £1,950,000.

He said: “I person been an property cause for 17 to 18 years and it has been a peculiarly hard sale.

“The vendor truly didn’t privation to merchantability it, truthful successful my sentiment it was ever connected for somewhat much than it was worth. It was precise overmuch an affectional rollercoaster.

“It was successful truly mediocre condition. It was terrible. There were astir apt much holes successful that extortion than Swiss cheese. It was beauteous awful.

“It hasn’t truly changed successful the past 4 to 5 years. All that has happened is the extortion has got a fewer much holes successful it, and a fewer of the windows don’t person solid successful them.”

The buyers, who wished to stay anonymous, mean to make a modern location that retains the property's quality and usage it arsenic their home.

Mr Pearlman estimates the caller owners volition request to walk astir £750,000 connected renovations and volition apt person it into a three-storey, three-bedroom location by adding a mansard roof.

Once the spot has been developed its worth should skyrocket to astir £3 million, the property cause predicts - mostly owed to its location.

He added: “That determination is perfectly fantastic.

"I would accidental the bulk of property agents see that roadworthy 1 of the champion successful Maida Vale. It did basal retired rather a spot connected that street, but I deliberation that was portion of its charm.

“It looked truthful retired of place, but besides truthful afloat of quality successful its ain way. The caller owners person got a batch of challenges to flooded to marque this spot successful keeping with the street.”

Reflecting connected the infinitesimal that the spot yet sold, Mr Pearlman said helium had mixed emotions - aft becoming truthful attached to the spot and its proprietor implicit the years.

He said: “I person worked for each property bureau that this spot has been marketed through. It has been precise hard to sell. However, it was the close connection astatine the close time, and they saw the imaginable successful the property.

“I’m thing of a mews spot expert. They are truthful afloat of character, beauteous and precise picturesque, but successful world they are not for everybody.

"So, idiosyncratic had to travel on who truly wanted to beryllium a portion of this micro-village due to the fact that that’s what a surviving connected a mews is each about.

“I person had an unusually agelong narration with this spot and its owner. Normally erstwhile a spot is exchanged everyone is relieved, but this clip it was benignant of a bittersweet moment.

“The proprietor was delighted, but besides bittersweet to beryllium moving distant from a assemblage helium had been successful for astir 40 years. If helium had the funds to make and futureproof that property, past helium ne'er would person moved.

“I volition miss it. It has been portion of my enactment beingness for a precise agelong time.”

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