Richard Owen: Housing association sells Loftus Road house

Richard Owen reports

loftusA Housing Association is selling at auction a large freehold house in Loftus Road, with a guide price of £1.2 million+.

As usual it has been left to rot and is quite an eyesore with steel shutters over the windows. The neighbours will be cheering. But hopefully the considerable proceeds can be recycled into better maintenance of existing stock and building additional homes in areas without such a large price premium on land.