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This Terraced house gained £800,000 in just three years (that’s £660 a DAY): So hey it was London and we know there has been a Huge increase in the price of homes in south London
This Home is in Southfields, London and was run-down and worth £575,000 in 2011
It has been turned into an ultra-luxury home worth £1.4m
But with a lot of love and devotion, its new owners transformed it into an ultra luxurious property.
And now it has gone on the market for a cool £1.395million. This means that in three years it will have earned its owners £800,000 – about £660 a day.
The price of the house in Southfields, South-West London – on sale with Kinleigh Folkard & Hayward estate agents – is the latest example of London’s soaring property market.
Yesterday, the Office for National Statistics said that house prices in the capital are rising by nearly 19 per cent a year, the second fastest rate since its records began.
The average home in the capital now costs £485,000, which means it will cross the landmark of £500,000 within weeks if house prices continue to rocket.
It was bought in January 2011 and taken on as a renovation project.
They installed a designer Jacuzzi, a rowing machine hidden under a trap door in the kitchen and a boiling water tap so they never have to switch on a kettle.
They also have a double-sized ‘rain shower’ and a laundry chute leading away from each bedroom directly to the laundry room.
In the garden they created a golf putting green and planted lemon trees lit by sensor lights to give them lemons all year round.
The owners are thrilled with the increase in value and they now plan to move to another rundown house in the area and work their renovating magic on it.
A beautiful story for a beautiful house
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