A basement flat in London has gone on the market for just £159,000, but potential new owners may have to put up with a catch. The property is located in the popular Crouch End area of north London and might seem to be an attractive option as a result. But it needs to be renovated as it is currently unliveable, the basement would need a full renovation in order to convert it into a flat.
You'll also need to obtain the necessary consents to make that happen, reports Luxury Property News. But if you fancy a challenge, the Rosebery Gardens-based home could be the one for you. The listing describes it as a "unique chance for both homeowners and investors".
Currently, the potential home is an empty stone basement with exposed brickwork and a couple of ramshackle lights. The dingey area appears to have limited - if any - natural light, though this could be remedied during the renovation process. Luckily, it does come with a toilet already fitted - saving the buyer one job, at least.
The listing reads: "Self-Contained Basement with its own exterior front door and potential to convert into a self-contained flat, subject to obtaining the necessary consents. "Opportunity to convert the basement into a self-contained flat, this property offers a unique chance for both homeowners and investors. “Situated in this popular Crouch End residential area close to the junction with Middle Lane, within walking distance from the retail facilities located on Crouch End Hill and the open spaces of.