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Family home on the market for over £1m

A THREE-bed family home in London has hit the market for more than £1m – but there is a huge profit margin.

The terraced estate in Kentish Town, north of the capital, boasts plenty of space, with two lounges, dining room and garden terrace.

A family home in London has hit the market for more than £1m - but the new owners will face a lot of work before moving the kids in

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A family home in London has hit the market for more than £1m – but the new owners will face a lot of work before moving the kids inCredit: Winkworth
Kentish Town property has been gutted completely inside, floors will be stripped and wallpaper peeling from damp

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Kentish Town property has been gutted completely inside, floors will be stripped and wallpaper peeling from dampCredit: Winkworth

Rooms are bright and airy with dramatic arched windows that let in plenty of sunlight.

But the lucky new owner will have to do a lot of grafting before renting a moving van.

That’s because the house was completely gutted inside.

The true scale of the work required will be immediately apparent to visitors who cross the threshold.

The ceiling had sunk down in places, exposing the wooden beams, while the carpet was ripped off.

Damp had marked patches of paint and baseboards, while in one room a wall had crumbled to the tile below.

FRIGHT MOVEMENT

Dealer Winkworth admitted the property was in “poor repair” and in need of a full refurbishment.

“The house consists of two connecting living rooms separated by double doors and a dining room with access to the kitchen on the ground floor,” the ad says.

“A separate WC, a bathroom with a window and one of the bedrooms is located halfway up the landing, and the other two bedrooms are on the first floor above.”

However, aspiring buyers with plenty of cash to spare will love the home – especially its location.

It is located near two Metro stations, both on the North line.

It’s also a short walk to the beautiful Parliament Fields, with Hampstead Heath beyond.

TOP LOCATION

Top restaurants and bars including The Bull and Last are also on your doorstep.

It’s not the only stunning period property currently for sale that needs a lot of work.

A three-bed house just a short walk from King’s Cross St Pancras is in a similar condition inside.

The house, which is also on the market for £1m, is in a complete disrepair.

Dealers at Daniel Watney admit a “complete refurbishment” is needed.

However, they say the home, built around 1850, would be an incredible purchase for an aspiring buyer.

Meanwhile, a third home with a price tag of £1m has been completely neglected over the years.

The floor at the end of the terrace, just off Brick Lane in the East End, is lined with dirty and uneven bricks, while the ceiling is starting to sag and the walls are bare.

Agents say the home “needs to be completely modernized” – but it’s a “great opportunity”.

Real estate agents admit the house needs a complete renovation

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Real estate agents admit the house needs a complete renovationCredit: Winkworth
But despite the required work, lots of owners will line up to see

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But despite the required work, lots of owners will line up to seeCredit: Winkworth
That's because this gorgeous home has a lot to offer - especially its location

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That’s because this gorgeous home has a lot to offer – especially its locationCredit: Winkworth
I finished my council house on a budget but scammers say I shouldn’t have one if I can afford to fix it

https://www.the-sun.com/money/4517006/family-home-london-sale-surprise/ Family home on the market for over £1m

DevanCole

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