Has London gone insane or is this house really worth $1.1 million? | CNN Business

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Business

Has London gone insane or is this house really worth $1.1 million?

Updated 12:18 PM EDT, Mon July 7, 2014
Link Copied!
Items clutter the floor of a three bedroom house in Peckham, south London, that owners and estate agents hope to sell for £650,000 ($1.1 million).
All this could be yours for $1m —
Items clutter the floor of a three bedroom house in Peckham, south London, that owners and estate agents hope to sell for £650,000 ($1.1 million).
Courtesy JT Clarke London
The house went on the market two weeks ago and estate agent, JT Clarke London, says there has already been significant interest.
A million dollar home? —
The house went on the market two weeks ago and estate agent, JT Clarke London, says there has already been significant interest.
Courtesy JT Clarke London
Like the rest of the property, the unkempt back garden requires a lot of work.
"An exciting opportunity" —
Like the rest of the property, the unkempt back garden requires a lot of work.
Courtesy JT Clarke London
This was the domain of illegal squatters until recently who took advantage of the owners living overseas.
Spacious kitchen —
This was the domain of illegal squatters until recently who took advantage of the owners living overseas.
Courtesy JT Clarke London
Property prices have been rising rapidly in London in recent years. According to UK Land registry figures they have been growing far faster than in other British cities.
Room with a view —
Property prices have been rising rapidly in London in recent years. According to UK Land registry figures they have been growing far faster than in other British cities.
Courtesy JT Clarke London
Despite the high figures, Jason Morris from JT Clarke London believes prices could rise yet further in Peckham but may start to cool in other areas of London.
A gardener's dream? —
Despite the high figures, Jason Morris from JT Clarke London believes prices could rise yet further in Peckham but may start to cool in other areas of London.
Courtesy JT Clarke London

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