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You are here: Home / Latest News / Dig out your own leasehold flat

Dig out your own leasehold flat

March 1, 2016 //  by Sebastian O'Kelly

GuardianLKPSuch is the desperation of the London property market that freeholders are flogging off basements to create leasehold flats.

All buyers have to do is provide their own spades and dig it out.

The Guardian ran story about a cellar in New Eltham that has just sold for £27,000, with one in central London selling for £150,000

Related posts:

Galliard Homes ‘needs to take responsibility for what it has built’ Could paying off Help To Buy loans on blighted homes force government to act over Grenfell cladding … and doubling ground rents? Just how much can a freeholder charge in a leasehold flat sale? Should you buy a leasehold retirement flat, asks Telegraph BBC Radio 4 on housing association leasehold … and a German asks: is it safe to buy a flat in London?

Category: Latest News, News, PressTag: The Guardian

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Previous Post: « Martin Paine demanded ground rents of thousands from two London leaseholders
Next Post: ARMA to rule on admitting scandal-hit FirstPort Retirement »

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Comments

  1. Nigel S

    April 4, 2016 at 10:52 am

    Latest developments on Queen Court, Queen Square, Bloomsbury, London (mentioned in the Guardian article above) were covered by Telegraph on 2nd April.

    http://www.telegraph.co.uk/news/2016/04/02/bid-to-build-basement-flat-beneath-existing-building-halted-afte/

    Leaseholders face £40,000 legal bills for an injunction so far plus invalidated insurance and heating and hot water cut off. They have an RTM company. How much worse would it be without that?

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