The UK property market is hovering by the day, however now issues have taken one more insane twist as air house above a flat is put in the marketplace for £10,000.
House above 47 Northcote Street in Battersea in south London is up on the market with “landlords consent to develop” on high of the flat beneath, but it surely presently has no planning permission.
Auctioneer Phillip Arnold says the ‘land’ is obtainable “with vacant possession” and “a brand new 150-year lease with a peppercorn floor hire will likely be granted upon completion”.
If granted permission, a flat within the air house could be inside strolling distance of Clapham Junction station in addition to Wandsworth and the River Thames.
Mr Arnold advised the BBC the air house rental got here after landlords proudly owning close by flats began to get permission on their very own extensions.
He mentioned the plot subsequent door was being redeveloped with a further storey and one other, two doorways down, had permission for a similar.
Mr Arnold mentioned: “You’d wish to suppose there’s a greater probability than most with this.”
He mentioned the challenge was not a “simple construct” with the client prone to incur additional prices for issues reminiscent of crane rent.
Mr Arnold added: “London has been via an enormous interval of flat conversions.
“You get phases, and I believe this will likely be one in every of them and other people will simply actively search for this stuff. They’re like buses; it is the primary one I’ve had for ages however about 18 months in the past I had 9.
“I believe you are going to see much more of them. Generally in the event you’ve bought a few folks bidding the worth will undergo the roof.”