£1.26 million for garden in Primrose Hill

July 23, 2015

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.

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