Saturday, 15 August 2015

Covent Garden ex-council flat sells for £1.2m

An ex-council flat has sold for £1.2m - almost 10 times its original price.
The flat, on Tavistock Street in Covent Garden, was bought under Margaret Thatcher's right-to-buy scheme in 1990 for £130,000.
It is thought to be one of the most expensive former council flats sold to date, selling after six weeks on the market.
The flat is part of a mansion block near the Royal Opera House and has three bedrooms and a communal garden.
Front door of Covent Garden council flat
The flat was bought under Margaret Thatcher's right-to-buy scheme
he estate agent which led the sale said it was not sold to an investor.
Barry Marner, at Barnard Marcus, said: "With central London property prices at a premium, and with demand for properties far outstripping supply, we weren't surprised that this former council flat reached this impressive price."
Lounge in house
The living room is described as 'two tier' and one of the bedrooms is 7ft across
BBC News