Eyesore goes under the hammer – for nearly £2 million

shepbushrdThis boarded-up house at 1 Shepherd’s Bush Road was sold last week at auction for £1.935 million (against a guide price of £925,000).

It was owned by a housing association and will now undergo complete modernisation to produce attractive, comfortable and energy-efficient dwellings.

So a housing association have freed themselves from a costly liability and have nearly £2 million to invest in new housing.

It is win/win/win for every stakeholder, taxpayer and resident of the borough.

Why the Labour-run Hammersmith and Fulham Council  has set its face against void sales like this is incomprehensible and frustrating.

One thought on “Eyesore goes under the hammer – for nearly £2 million

  1. Pingback: Housing Association offers Bassein Park Road house for sale at £1.2 million | Hammersmith and Fulham Forum

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s