North London 4-bed house worth £1.5m up for auction for huge discount - but it needs a lot of work
A four-bedroom end of terrace house in North London worth around £1.5 million is on sale for just half the price at auction. The home, located in Kensal Green, includes four spacious bedrooms on the first floor, with a lounge, separate reception room, dining room and kitchen.
It also has a garden at the back of the property. However, the home will need a significant amount of work to make it liveable. The auctioneers have noted that Japanese knotweed has been found at the property, and photos from inside the house show how much refurbishment will be needed.
But this makes it an incredible opportunity for anyone who is willing to invest in the property, which could be worth up to £1.5 million - or even more. Recent sales on Burrows Road, where the house sits, include terraced homes that fetched £1.7 million, £1.6 million, £1.2 million, and £1.15 million.
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What's even better for a potential new owner of the house is that it's being sold as freehold, avoiding any chances of leases running out. This means you can make major renovations or even keep it in the family for future generations, adding long-term value and peace of mind.
The property is close to local shops and amenities, while the open spaces of Queens Park are also within easy reach. Transport links are provided by Kensal Green underground station, which offers both London Overground and Bakerloo Line services.
The property is set to go under the hammer on Wednesday, November 13, with a guide price of £875,000, plus fees. You can bid over the phone or online. For more information and to view the listing, click here.
Got a story for us? Email anna.willis@reachplc.com.
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