Some London property is doing badly

[BrilloPad]

'Grand Designs' converted water tower has £2m knocked off price - Telegraph

[centurian]

Considering they have spent a total of 2.4m buying and renovating it - and even after the price cut, it is still valued at 4.75m - that's still a whopping profit on their investment - assuming they can even sell it at that price.

Looks more like a case of an estate agent over valuing it in the first place - it was simply never worth 6.5m to begin with.

[The Spartan]

At the end of the day you're only going to be able to sell a property at a price that someone is willing to stump up, so in essence that is all it is worth.

[scooterscot]

It's like living up a telephone pole, for everybody to gawk at you.

[Bunk]

Doesn't matter what you do with it, it's still in Kennington. Their best hope is that some Russian who's never been to London mistakes it for Kensington.