Ex council house sells for 1.4 million
With a guide price of £600,000 this ex council house ended up selling at auction for over £1.4 million. With major work needed, Sunset House is a 1300ft 3 bedroom house with reception room, 2 shower rooms, kitchen, basement, garage, off street parking and a garden.
Doesn’t sound like much, but with the position of this property it has resulted in a sale £800,000 over the asking price. Located in Porthemeor Hill, St Ives, the house boasts a stunning view of one of Cornwall and Devon’s most famous beaches. It’s easy to see how the Porthemeor beach is known as one of the best views in Britain and has won the rarely awarded Blue Flag beach award. Devon and Cornwall Housing group say that the money raised from the sale will be going toward local affordable housing.
And who wouldn’t want to sit in their back garden and see a view like that!
London home purchased for £300 sells for £1.9 million
Who’d have thought that you could make almost £1.9 million on a property in London? Jane and Gus Alexander entered The Greater London council property lottery in 1977 and received the news that they could get 2 homes for £150 each on the basis that they knocked them together and renovated as one house.
During their first 2 years owning the properties they invested £30,000 and went about a huge restoration project. They created a new 4 bedroom property with an open plan mezzanine level kitchen and reception room with a fairly large garden.
Over the next 40 years Jane and Gus enjoyed their home and the area the house was situated in became more desirable, now having great transport links with the rest of London. And to top it all off they’ve now sold the property for over £1.9 million!
UK's most expensive street and the cheapest!
In case you were wondering what the most expensive street to live on was, unsurprisingly it is located in London. A short walk to Hyde Park, the Neoclassical area of Kensington named Egerton Cresent currently sports an average selling price of £14.5 million, knocking Albermarle Street in Mayfair off the top spot. This is a far distance from the lowest priced street, situated in Ferryhill in County Durham with an average selling price of just £20,000. Being 86% lower than the country’s average price, 721 of these homes could be purchased by the sellers of homes in Egerton Cresent.
Predictably, 11 out of the top 20 streets are within a 1 mile radius of London, although it has been noted that “Billionaires Row” in Kensington has slipped down to 7th place! Either way, the properties on this street are indeed spectacular.