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Reading: ‘Dungeon’ London studio hits market at bargain £155,000.. but it’s just bare brick walls and a single toilet
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Inside the studio flat which is available for sale in london
Property

‘Dungeon’ London studio hits market at bargain £155,000.. but it’s just bare brick walls and a single toilet

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Last updated: 2024/01/11 at 2:29 PM
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Inside the property. (Picture: Jam Press)
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Buying a home on a budget in the capital can seem near-impossible but there’s a new property on the market for just £155,000 that could be quite the bargain.

But there is of course a catch.

Putting the bricks in bricks and mortar, this basement studio in Crouch End features bare walls, exposed lighting, and a “bathroom” – consisting of a single toilet.

Described as a “dungeon” by shocked users online, the studio could be converted into a self-contained flat, but this is “subject to obtaining necessary consents”.

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READ MORE: Remote detached church on market for just £50,000

social media post for the studio flat which is available for sale in london
Social Media post for the Studio Flat. (Picture: Jam Press)

Should you get the work approved though, then there’s plenty of time for you to turn things around though – with a whopping 125 years left on the leasehold.

Meaning you can completely transform the property into your dream abode, as long as you’re willing to put the work in.

“Opportunity to convert the basement into a self-contained flat, this property offers a unique chance for both homeowners and investors,” the listing reads.

Inside the studio flat which is available for sale in london
Inside the property. (Picture: Jam Press)

Social media users have been left a tad perplexed by the home.

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“My absolute dream is to be an owner of a dungeon with a single toilet for just £155,000,” said Lucia.

“Looks like a level on the video game Manhunt,” said Thomas, with Lucia replying “The audacity to say one bath as well…”

Social Media Comments on the tweet about the property.
Social Media Comment on the tweet about the property. (Picture: Jam Press)

The basement home is situated one mile from Turnpike Lane Underground Station, and six miles from central London.

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Other flats in the same area average around half a million pounds.

The closest train station is Hornsey and Crouch Hill – which offers services to the Sussex coast, getting you to Brighton in just over an hour and a half.

Nearby, you can also find a nursery school and junior school.

READ MORE: A remote island is looking to pay two people to live there this summer – but it comes with a catch

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TAGGED: London, property, selling, Studio flat

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