Property of the Week

[courtg9000]

Also looks like the meters/utility supply to the property could have been tampered with in the past or present suggesting some "indoor farming" either current or previous on the premises.

[courtg9000]

Not the best conversion.
Needs work.
The cooker hood is there for effect. The kitchen area needs some work.
My money would be on the legals throwing up something.
I think change of use/ certificate of lawfulness will be needed by the purchaser,
I would also think that the lease and the freeholders could be "iffy".

[DaveB]

spend 50k on it to make it proper one bedroom flat and flip it for 500k

Lease Hold, you'd need to check the terms of the lease to see what you are allowed to do. No guarantees it's an option.

[ladymuck]

Estate agent speak:



They mean cellar....

They missed out "exquisite lateral living space"

Effing "lateral" all over the shop winds me up. Then you get a numpty who uses the term on a house, not getting that lateral is being used to mean everything is on one level

I have always been a proponent of the "lower ground" description, especially when said with the vowels drawn out. Having lived in many basement flats, I find they tend to have more space and be a bit cheaper as they can be dark and damp if not properly done/maintained.

[Andy2]

spend 50k on it to make it proper one bedroom flat and flip it for 500k

[darmstadt]

Estate agent speak:

This amazing property is located on the lower ground floor

They mean cellar....

[northernladuk]

If that is the case someone is gonna get a bargain there and with a bit of money spent on it could have a super desirable pad. I am assuming it's been through proper planning permission for change of use and the like though.

[DaveB]

It used to be a gym. Al they did was strip it out, put in a barely functioning kitchen and call it good.

The shower / toilet are the ones from the changing rooms, seem the comment about "unique storage space". Even the curtain on the cubicles are still there.

It does have windows at one end, below street level looking out onto a flight of stair leading back up to the street.

It's a big empty industrial space that needs shifting, probable cos the original owners have gone bust in the pandemic.

[northernladuk]

When I first saw it I thought it was great... and for that price! Proper cool man pad but looking closer something isn't right. So much more could have been done with that amount of floor space. Granted it might have looked smaller and pokey but there are two bedrooms to be had there surely. With such a blank canves even at one bed room so much more could have been done to make it much cooler.

Looks like someone has flipped a big space as fast and as cheaply as possible but why would they do that in London? Bit more effort and that could have been as cool as fook!

Bet that cooker hood goes absolutely nowhere.

I bet there is a back story or more to it than that advert which makes it a hell of a lot less appealing in the flesh.

[CheeseSlice]

Looks ideal if you don't really want to be seen.

Think money counting machines, poker table, hideout/safe house, etc.

[ladymuck]

But it's underground. Not one of the photos showed the windows from the interior or the view out of them. There's no windows marked on the floor plan. That's an above ground window on the outside photo.

[mudskipper]

"The apartments boasts floor to ceiling windows" - you can see them on the outside pic

[ladymuck]

It has no windows.

[OwlHoot]

TBH it doesn't seem bad for the price and location, unless it is in the middle of a drug and crime ridden estate.

Is there some horror I have overloooked in the place itself?

[DaveB]

A snip at £350k, and no need to buy a mirror.

1 bed flat for sale in Caledonian Road, London N1 - Zoopla