Looking for a property bargain?
Well, a four-bedroom bungalow in London has gone on the market for just £350,000… but there’s a catch.
The detached property on Warwick Road in Chingford, north-east London is a sweet deal in comparison to the average asking price of £515,000 for homes in the area.
However, prospective buyers will first have to remove the remains of what seems to be a former weed-growing operation.
Images of the home show cannabis paraphernalia scattered throughout the bungalow.
The kitchen shows multiple black bin bags and storage tubs filled with what appear to be dead cannabis plants. Rotting leaves are also scattered around them.
In a bedroom, two makeshift air ventilation shafts hang from the ceiling. These would have been utilised to help the cannabis plants grow.
Wallpaper in a second room has been stripped down to the bare plaster with another ventilation shaft hanging from the ceiling.
The floor is covered by a heat-resistant plastic sheet which still features remnants of plants.
In the bathroom, which looks normal, the toilet seat is torn off and the bathtub is crammed full of large, black ventilation pipes.
More pipes, small bricks of insulation and large white plastic sheets can be found throughout the home.
Meanwhile, the garden is overgrown with weeds and large plants, obscuring the path to the front door.
The property is advertised as having ‘development potential’ and is listed by McHugh & Co.
£350,000 is the guide price and it will be part of an online auction being held on December 2.
McHugh & Co describe it as: ‘A freehold detached vacant bungalow with development potential.
‘Situated off Hampton Road in a popular residential area, close to Chingford Mount Road and local shopping/travelling facilities including Highams Park Overground Station.
‘A detached freehold bungalow on a large plot of land of approximately 7,000 sq ft with development potential subject to the necessary consents being obtained.’
The estate agency does not make any reference to the property’s history in listing.
Despite this, property browsers very quickly took note of signs implying it was previously a cannabis farm.
The property was shared on a consumer website thread captioned: ‘Grow your own produce.’
User @ProDave commented: ‘A once nice house has gone to pot.’
According to Rightmove, Chingford had an overall average price of £515,013 over the last year.
The majority of these sales were terraced properties, selling for an average price of £517,938.
During this period, semi-detached properties sold for an average of £601,673, with flats costing £306,964.
These prices were up 10% on the previous year and 13% up on the 2018 peak of £456,606.
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