This time next year, we’ll sell a plot for a Million quid!

November 5, 2015

OK, so many of us will love to remember the wonderful BBC Comedy Series of Only Fools and Horses and maybe they did make it to be millionaires in the end (though they lost it all again), but you can really be a millionaire now in Peckham!

Leastways you can if you own a 0.6 acre plot that holds a pre-fabricated bungalow!

BBC News South-East have reported on a property in Peckham that has been auctioned off at £950,000 with Southwark Council being extremely happy with the sale with plans to invest many back into it’s Housing Programme.

The property doesn’t appear to look much at all and apparently hasn’t been lived in since 2002, but the plot of 0.6 acres is what is lucrative as the area once famed for Only Fools and Horses has become highly desirable and in many developers ‘wish lists’.  The million pound price achieved was without planning permission, though the council expect to receive an application to build on the prime spot.

The property was auctioned by Savills.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Essential Tips for Homeowners: Making Room for a Quick Sale

Selling a home can often feel overwhelming, especially when time is of the essence. However, strategies that make your space inviting and functional can capture the attention of potential buyers and expedite a sale. The right preparation can significantly influence how quickly your home finds a new owner. Here are some essential tips to help…
Read More →
Breaking News

Breaking Property News 25/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X. New Workplace Utilization Index reveals APAC workplace utilization skyrocketed, UK retains global utilization leadership Press Release MELBOURNE, Australia & NEW YORK, [November 25, 2024]: Employees and executives aren’t just imagining it–most workplaces are much more alive than they were a year ago. Global workplace utilization…
Read More →
Breaking News

Freehold and Leasehold Reform Act-lessees can control their own destiny

Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 22/11/24

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More →
Estate Agent Talk

The Architecture Of Attention Behind Social Media Addiction

In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology.  These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More →
Breaking News

2025 Predictions for the Private Rental Sector

Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More →