£1.26 million for garden in Primrose Hill

Small garden just 20 metres square sells for £1.26 million plus £68,750 in stamp duty in  Primrose Hill, North London and it does not have planning permission.

The small plot went up for sale by auction at a guide price of £100,000 – £150,000. Gary Murphy from Allsops reportedly said “that this was one the most competitive and enthusiastic rooms we have seen in a while.”

Even though the government recently relaxed planning rules to allow in principle all building on brownfield sites, gardens are not included under that heading so planning permission may not be given as the plot is small and very close to neighbouring homes.

Property prices in London and the South East are really moving up fast, land is now not far behind, Primrose Hill is a very popular area of London where demand consistently outstrips supply.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Zoopla reveals most affordable towns in Britain

With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain   An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
Read More
Software & Tech

The Evolving Nature of Real Estate and Strategies for Agency Success

Real estate agents are used to working with fluid market dynamics. Adapting their sales strategies and responding to new industry demands is almost second nature to most agencies today. However, while making the necessary adjustments when following housing market trends is important, it’s also important for agencies to consider new business innovations that become available…
Read More
US Flag
Overseas Property

Montana Real Estate: A Comprehensive Guide for Buyers and Investors

Montana’s stunning landscapes, abundant wildlife, and peaceful lifestyle have long attracted nature lovers, adventurers, and those seeking respite from the hustle and bustle of city life. In recent years, the state has also become an attractive destination for real estate buyers and investors. From the vast open plains and rugged mountain ranges to bustling cities…
Read More
Home and Living

Top 5 pitfalls to avoid when remortgaging your home

Remortgaging your home is more or less the same process as getting the mortgage when you first bought the property; however, it’s important to bear in mind that your circumstances may have changed. For example, you may have moved job – or even become self-employed, or had a family, and both can impact what you…
Read More
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker 13/11/24

The current average asking price of a typical first-time buyer property is £227,570. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,087 per month if repaying over 25 years, compared with £1,187 per month a year ago (when the average first-time buyer property asking price was…
Read More
Love or Hate Rightmove
Breaking News

Renters seek fixer-uppers, with over £40,000 cheaper price tag

A consumer survey from Rightmove of over 34,000 home-movers has revealed that 68% of renters are eager to take on fixer-uppers to help get on the housing ladder, compared to 54% of home-owners A study of available fixer-upper properties on Rightmove reveals that homes in need of renovation are 12%, or £44,634 cheaper than the…
Read More