Derelict garage in Stoke Newington goes on sale for £360k... more than a flat in same street costs

The hipster garage with an enormous price tag
Rightmove

A derelict garage has gone on sale for more than the price of a flat in the same street in north-east London.

The run-down garage in Stoke Newington, with a unique green interior, has been listed on Rightmove for an eye-watering £360,000.

Despite the high price-tag, the Foulden Terrace garage does not have any utilities and contains two large mounds of dirt, according to pictures

A one bedroom flat on the same street is valued at £295,000.

The garage offers a mint green interior
Rightmove

Courtneys Estate Agents, who are marketing the property, state in the advert: “Courtneys are delighted to offer for sale this garage with planning soon to be submitted to the council.

“The property is situated in a very quiet yet very central small mews just off Stoke Newington Road and thus benefits from being very close to numerous bus routes and the amenities of both Stoke Newington Church Street.”

The planning application will be for a one bedroom, two-storey mews house, the application states.

The garage lies on a 'very quiet yet very central small mews'
Rightmove

Local housing campaign group Hackney Digs said the property was another example of London's housing crisis and criticised the government for failing to tackle the problem.

Heather Kennedy, the group's founder, said: "The fact that this squalid Stoke Newington garage would actually be out the price range of most people in London really shows the appalling extent of the problem.

"The real questions is why the government are encouraging [the housing crisis] rather than helping people who need a home."

She added: "The government's record on housing is truly shameful."

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