House prices are clearly on the rise when a converted garage in Walthamstow can go to auction with a guide price of £70,000. House prices have increased across the country but most particularly in London and the South East. However, this purchase would have to be looked at very carefully to ensure that: the necessary planning consents have been obtained for a change to residential use, the post office is aware of the address and that the necessary connections are in place for the utilities. Also considering the position are there the necessary rights of access to the property ?
This tiny garage-like building behind an abandoned shop in north-east London has been placed on the property market for £70,000. The studio is situated in the increasingly popular area of Walthamstow - where house prices went up by 10 per cent over the past year alone.Access is via an alleyway littered with "abandoned children’s toys, rubbish and dog excrement", according to The Guardian which visited the site.The property - behind a former shop in Markhouse Road - is advertised as a "freehold single storey detached unit".