House for sale in London is so grim that you can't even get a mortgage for it

11 March 2023 , 12:17

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The house is 'unmortgageable' because of its poor condition (Image: Jam Press/Zoopla)

A house that's been put up for sale in London is such a dump that any potential buyers won't be able to get a mortgage on it.

The two-bedroom property in Hampstead, northwest London, has gone on the market for £785,000.

But because of the general condition of the house, it's considered "unmortgageable", so it is only open to auction to cash buyers.

The terraced house, with two gardens to the front and rear, is described as "charming" by Hammer Price Homes, despite its terrible state.

Pictures inside the property show green marks on the floor in one room, with wallpaper peeling off in some rooms and a huge hole in the ceiling.

London flat for rent for £1,400 a month with bed tucked away in kitchen cupboard

There are green stains on the floor (Jam Press/Zoopla)

The kitchen and bathroom are covered in grime, while the backyard is overgrown.

In the area, which is popular with celebrities, the average house price is £1.9million - and famous residents past and present include Ricky Gervais and Liam Gallagher.

The two-bed home, advertised by Zoopla, will be sold at auction for two days starting on March 27.

The kitchen is covered in grime (Jam Press/Zoopla)

The listing reads: "Hammer Price Homes are delighted to present for sale by online auction this charming two bedroom end of terraced house.

"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 is only available to cash buyers (Jam Press/Zoopla)

"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 two-bedroom house is located in trendy Hampstead (Jam Press/Zoopla)

This week, we revealed that a house that went up for sale for the first time in 80 years was left virtually untouched from when it was first built.

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Estate agents said the house has alcove shelving, ceiling roses and a larder cupboard in the kitchen reminiscent of 1930s interior design.

The home based in the South West, boasts three bedrooms and a tiered garden at the back.

The backyard is overgrown (Jam Press/Zoopla)

And that is not all, the former owners were "keen travellers" and "active" into their centenarian years.

The house on Hengrove Lane is being marketed by MG Estate Agents as "a striking terraced home bursting with potential".

According to Kat Wills, marketing manager of MG Estate Agents of Whitchurch, the previous owner lived at the house until she was 104.

Laura Mills