‘Cash buyers only!’: Inside grubby Hampstead shack that’s so run down and decrepit potential owners will have to pay full £785,000 to pick up keys
- Two-bed terraced house in Hampstead up for sale to cash buyers for £785,000
- Property is so run down it is ‘unmorgageable’ and is up for auction this month
- Images show stripped back floors, peeling wallpaper and grim throughout house
A property for sale in a trendy London hotspot for celebrities is so run down that companies refuse to mortgage it.
The two-bed terraced house in Hampstead, north west London, is on the market for £785,000 but is so delipidated that it is ‘unmortgageable’, forcing the sellers to put it up for sale in a cash buyers only auction.
Would-be buyers will have to pay the asking price in full if they want to get their hands on the keys to the fixer upper.
While the property comes with two generous gardens in the front and rear, it’s evident that a lot of work needs to be done to make the house habitable.
Images show stripped flooring, and peeling wallpaper in several rooms, including one which has a large hole in the ceiling, exposing the insulating installed above.
A frame for a wardrobe has been left in place collecting dust and behind it appears to be a smaller room, with the brickwork fully exposed.
While the property comes with two generous gardens in the front and rear, it’s evident that a lot of work needs to be done to make the house habitable
The kitchen is a little dated, with exposed wooden flooring, what appears to be peeling tiles along the wall and a low countertop
One of the rooms in the two-bedroom property has a large hole in the ceiling, exposing the insulating installed above.
One of the rooms has large windows but very stained walls and exposed floors covered in grim
The kitchen has had some cabinets below ripped out and is covered in grim and dust
The property features a garden in the front and to the rear of it, both of which need some work
Another room has noticeable green stains on the floor alongside an old staircase
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Another room has noticeable green stains on the floor, and the deteriorating kitchen and bathroom are covered in grim and rust.
The kitchen is a little dated, with exposed wooden flooring, what appears to be peeling tiles along the wall and a low countertop. Most of the cabinets have been ripped out and there are exposed wires on the floor.
Meanwhile, the bathroom features a toilet, sink, low bath and a rusted showerhead. The panels on the bath have been taken out, exposing the underneath, and there are marks and grim on the walls.
One room, which features a staircase, has green marks on the floor and dust covered dark red curtains against the window, with more grim and dust on the walls.
And that’s not all that needs to be done, with the spacious garden to the rear in clear need of some TLC, with overgrown plants dominating.
The outside of the property may also need a little work, with the walls appearing to need a clean.
Average properties in Hampstead are £1.9m. The area has had its fair share of famous residents in the past and present including Ricky Gervais, Liam Gallagher, Helena Bonham Carter and Jonathan Ross.
The most recent celeb to up sticks from Hampstead was Boy George, who put his six-bedroom property up for sale for a cool £17m.
The fixer upper is being sold by Hammer Price Homes and advertised by Zoopla.
The listing reads: ‘Hammer Price Homes are delighted to present for sale by online auction this charming two bedroom end of terraced house.
The walkway into the one the two gardens which come with the property has peeling paint and dated and worn flooring
One room, which features a staircase, has green marks on the floor and dust covered dark red curtains against the window, with more grim and dust on the walls
The bathroom features a toilet, sink, low bath and a rusted showerhead. The panels on the bath have been taken out, exposing the underneath, and there are marks and grim on the walls
And that’s not all that needs to be done, with the spacious garden to the rear in clear need of some TLC, with overgrown plants dominating
The garden to the front of the property needs some work, and has cracks throughout the pavement
The back of the property faces out onto a large garden which has been overrun by plants and weeds
The fixer upper two-bed terrace is being sold by Hammer Price Homes and advertised by Zoopla
‘Due to the general condition, the property is deemed unmortgageable and for this reason we open the auction to cash buyers only.
‘With 60 days to complete from draft contracts being received.
‘The property briefly comprises: To the ground floor there is an entrance hall / room leading to a kitchen and living room.
‘Upstairs there are two bedrooms and a bathroom.
‘The property has generous gardens to the front and rear, please see the title plans for boundary information.’
The auction starts on March 27 and lasts for two days.
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