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Environment / Climate change

Today's London property bargain

Two bedroom terraced house in London’s fashionable Harringay district. Kitchen, reception room, roof terrace; under 10 minutes from Piccadilly line and overground stations.

Most properties of this profile are comfortably going for a cool half a million at the moment; this one’s a snip at £235,000. What’s its secret? Well, courtesy of Rightmove, here’s a picture.

The house is, by all accounts, 83 inches wide. You can get two beds in there, as long as that’s all you want to get in.

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The house goes on sale via auction in October. To buy it, at recommended mortgage multiples, you’d need an income of £47,000 and half that annual salary in the bank.

London’s housing market is completely and totally fine.

(Hat tip: Anthony Dhanendran, via Twitter.) 

This article is from the CityMetric archive: some formatting and images may not be present.