Search

Viewing of ‘cheapest house in central London’ sees estate agents forced to act as ‘bouncers’

08:00 29 November 2013

A queue forms outside the property in Sumatra Road. Picture: Polly Hancock

A queue forms outside the property in Sumatra Road. Picture: Polly Hancock

Archant

Estate agents in West Hampstead were forced to act as “bouncers” after being swamped with almost a hundred desperate home buyers hoping to purchase what is claimed to be “the cheapest freehold house in central London”.

Staff from Dutch & Dutch Estate Agents in West End Lane were forced to take up crowd control duties as prospective home buyers rushed to the two bedroom house in Sumatra Road during a viewing on Saturday (November 23).

With many properties in the same neighbourhood valued in excess of £1million, interest rocketed when the house was put on the market for just £300,000.

Around 90 people crammed into the small house and queues formed out the door.

The low valuation - almost unheard of for a two bedroom property in the area - was due to a small floor plan and a nearby railway line.

But the prospect of having trains as neighbours didn’t put off London buyers, who are suffering under an increasingly crowded market.

Lois Fort, head of residential lettings at Dutch & Dutch, said: “The viewing was absolutely crazy and we were swamped with people just desperate to get on the property ladder.

“It’s a very unique price point for the neighbourhood of West Hampstead, so it’s certainly been the easiest house we’ve ever had to drum up interest for.

“All the excitement is completely indicative of how little there is available at the moment for those struggling to buy a home.

“As banks have started to lend again and you have things like the help-to-buy scheme coming in, couples and families should be in a financially strong position to buy a house.

“But the level of desperation is still there as the severe housing shortage in the city hasn’t yet been solved.”

The estate agent say they have around 10 potential buyers currently battling it out to own the property.

0 comments

Latest Hampstead & Highgate News Stories

18:54
The Old White Bear pub in Hampstead

Developers who own the derelict Old White Bear pub in Hampstead have been ordered to take down scaffolding at the historic building by the end of the week or face enforcement action by Camden Council.

Yesterday, 17:41
Tributes have been paid to actor Burt Kwouk

Tributes have been paid to renowned Hampstead actor Burt Kwouk, famous for his role in the Pink Panther films.

Yesterday, 17:15
Tom Franklin, former chair of the Camden Green Party, pictured with Sian Berry and other supporters outside court

Eight protesters cleared of any wrongdoing for their part in an arms fair protest will not face a retrial after a judge refused an appeal lodged by the Crown.

Yesterday, 16:18
The Ratclliffe family when Gabriella was one week old

The husband of a West Hampstead mum who has been held for 50 days in Iran without charge has hit out at the government for not doing enough to secure her release.

Yesterday, 14:04
Heather Brett, with her mother, Nora

A daughter is urging hospitals to prioritise dementia care after her 90-year-old mother had a “traumatic” experience at the Whittington.

Mon, 17:50
Left to Right: Artist Dom Pattinson, Zebra One gallery owner Gabrielle du Plooy, actor  Phil Daniels and Blur's Dave Rowntree with artwork for auction at the Star Boot Sale

A fan has bid £6,500 on an outfit worn by former Spice girl Melanie Chisholm, which was among celebrity cast-offs being sold off at the Star Boot Sale on Sunday.

Mon, 14:44
Barnet and Camden's re-elected Assembly Member Andrew Dismore said the inquiry currently being undertaken by Barnet Councill into the polling day blunder is looking

Barnet and Camden Assembly Member Andrew Dismore has claimed the inquiry into the mayoral polling day debacle in Barnet is looking “increasingly like a whitewash”.

Saturday, May 21, 2016
Mayor of Haringey Councillor Ali Ozbek. Photo: Polly Hancock

Haringey appointed its first mayor of Kurdish Alevi descent at a ceremony boosted with overseas family and the Turkish press on Monday.

PROMOTED CONTENT

There are no rules when it comes to buying studio pottery beyond choosing what you love

With The Great Pottery Throwdown captivating viewers across the nation, pottery courses at capacity, and hipsters snapping up vintage studio pieces to display their succulents in and post on Instagram, studio pottery and ceramics are definitely having a moment.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Most read Hampstead & Highgate news

HOT JOBS

Show Job Lists

Property Newsletter Sign-up

Get the latest North London property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

Competitions

Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe