‘Tatty’ London Flat Gets £2 Million Price Tag

When you hear the name ‘London’ one of the first things likely to spring into your mind is the word ‘expensive’.

If you’ve ever held aspirations of living in the capital then you better have very deep pockets, particularly if you fancy living in the highly prized Grosvenor Square area where a very humble flat has just been put up for a sale at a remarkable £2 million.

Though it sits within the capital’s priciest square, anyone expecting something extravagant and lavish for such a significant amount of money will be very sadly disappointed!

Built in the 1950’s, though it has a reception room, a guest cloakroom, two bedrooms, two bathrooms and a balcony, it also boasts a rather interesting sky blue and baby pink décor which is more than likely not to be to everyone’s taste, and has been described as ‘tatty’ and ‘run-down’.

To say it needs some work doing to it is an understatement if pictures of the bathroom are anything to go by and it’s estimated that any repair job would be in the region of £1.5million.

And here’s the best bit.

The lease on the property is due to run out in just 12 years’ time and to extend it by 90 years you would have to pay a further £2.7million.
Estate agents for the flat believe it would cost around £5million to transform it into a highly sought after residence. It’s enough to put you off moving home for life.

If you’d rather stay where you are, but are perhaps looking to turn your home into something more luxurious then please check out our extensive range of home improvements.

Whichever area of your residence needs a revamp; we will have a suitably stylish solution.