The house is in one of London’s most desirable postcodes
A dilapidated house, which online commenters say you may need a ‘hazmat suit’ to enter, is set to go under the hammer at an auction with a guide price of nearly £1m.
The two-bedroom property in the upscale Camden Mews, North London, is seen in photos filled to the brim with rubbish. The exterior of the rundown corner house is completely overrun by plants, appearing as if nature has reclaimed it after years of neglect. An abandoned car, blanketed in leaves, can also be spotted on the off-road driveway.
Despite its humble appearance, the end-of-terrace property is scheduled for auction next month with a guide price of £925,000. Auction House London suggests that even the most ‘unattractive, unappealing properties’, such as this one, hold ‘real promise’ due to their location.
One commenter shared the listing with his followers, joking that potential buyers would need to be ‘brave’ or wear a hazmat suit to view the property. The property, 75 Camden Mews, NW1, is a freehold corner plot situated in one of London’s most sought-after postcodes.
Despite currently serving as a ‘makeshift dumping ground’, Auction House London reports that the property has already attracted interest from developers and investors who see its potential. According to property website Rightmove, nearby terraced properties sell for an average price of £1,273,670, while semi-detached properties fetch an average of £1,525,000 and flats command around £1,280,000.
Andrew Binstock, Auctioneer at Auction House London, described the property – which has remained within one family’s possession for the past 35 years – as presenting a ‘golden opportunity’ for redevelopment. He said: “Yes, the images are extreme. But this is Camden NW1. In this location, even the most unattractive properties hold real promise. It’s a freehold corner site and, for the right buyer, this is a golden opportunity to redevelop and create something truly special.”
He added: “We’ve sold some of the most unappealing properties in the capital. It’s often the ones that need the most work that deliver the biggest return. Auction House London takes pride in its transparent marketing approach; showing properties as they are, even when the condition is less than ideal. At auction, we don’t stage or sugar-coat. We trust buyers to look beyond the surface and recognise the potential.”
The property is set to go under the hammer next month, as part of Auction House London’s final sale of the year.
London writer Ian Visits posted a link to the property across his social media platforms, commenting: “If you are feeling brave (and maybe own a hazmat suit), what’s left of the house under all this is having an open day for prospective buyers.”
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