Study exposes thousands of opulent basement schemes with cinemas, pools … and a beach
A London council is seeking to impose an average £8,000 fee for securing planning consent on a below-ground extension - already dubbed ‘the basement tax.’
It’s well known that you have to dig deep to enter London’s property market, but this lot that sold at auction on Tuesday demands actual spadework.
Marketed as “a vacant front basement suitable for redevelopment”, this was one for investors willing to take a risk on getting the right planning consents. Prospective buyers were told, “There will be no internal viewings due to lack of access (excavation required)”.
The leasehold for the basement space below flats in New Eltham, south London, was up for sale with the Auction House at a guide price of £25,000. Bidding reached £27,000 before the hammer came down. The lot was sold by the freeholder of the property.
The journalist Rachel Johnson has teamed up with celebrity neighbours to oppose plans for the building of a basement in a £7 million Notting Hill home
French government, which has embassy next door to Jon Hunt’s London mansion, will now have to pay £100,000 costs
Nearly half of all ‘digdowns’ in affluent parts of London failed unannounced safety checks in March, Health and Safety Executive says
French government challenging validity of permits for underground vintage car museum at mansion next door to French embassy in London
Could the ground beneath our feet be a goldmine – or is it just property market madness that led a woman to spend £150,000 on a plot of land beneath a 1930s Bloomsbury apartment block?
A piece of land below a mansion block of flats in central London has sold at auction for £150,000.
The land, in Bloomsbury, has potential for excavation to become a basement.
If work goes ahead, just how delighted this would make the flat dwellers in the nine storeys above is not clear.
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