Government s leasehold reform plans could increase property prices propertywire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propertywire.com Daily Mail and Mail on Sunday newspapers.
What s coming next on leasehold reform propertywire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propertywire.com Daily Mail and Mail on Sunday newspapers.
How to invest in the high-risk, high-reward short lease property lottery
Fancy a £1million flat? It s yours for an eighth of the price if you can stomach a dangerous gamble on new leasehold reform
15 February 2021 • 6:00am
Holywell Farmhouse in Dorset has four-bedrooms, 2.5 acres of land and 88 years left on its lease – £725,000 with Knight Frank
There is a lot you can do with £130,000 – but can you buy a property in one of the priciest areas of central London? Dream on.
Unless, of course, you are a risk-amenable, cash-rich investor with a very steady nerve and plenty of patience.
The flat in question is a one-bedroom doer-upper on Rosary Gardens in South Kensington. This week it went under the hammer, selling for £127,000 after 14 bidders fought for it at an online sale by Auction House London.