Estate agent values luxury Highgate treehouse in primary school at £100,000
Nestled in sought-after leafy Highgate, this one-bedroom Scandinavian-style home would set you back £100,000, even though it cost just £20,000 to complete.
The luxury tree house has been built for children at St Joseph’s Catholic Primary School in Highgate Hill.
High Street estate agents Taylor Gibbs struggled to put a market value on the large timber structure, built around an elder tree, but said it would cost a buyer between £50,000 and £100,000.
Associate director Charlotte Bourne said: “It is stunning but there is no way to value it. It could either be something like £50-£100k or it could be sold as art, which would bump its price up dramatically.”
The tree house, funded by a lottery grant, was built by Highgate-based company High Life Treehouses, which has been making bespoke tree houses and summer homes in its Highgate High Street workshop for 10 years.
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The structure is made entirely of timber and has a stunning tree motif carved onto the door.
A wide veranda encircles the house, which is seven metres in total in diameter, and it has four windows looking out onto the school grounds.
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While the tree house does not have electricity, the director of High Life Treehouses, Henry Durham, said this could be installed.
“The kids are so excited about it,” the 36-year-old said. “But we finished work just before the kids went away for half-term so they have to wait for a while.
“At least they will enjoy going back to school!”
The tree house, which did not need planning permission, took just 12 days to build and cost £20,000.
Chris Underhill, partner at Highgate estate agents Prickett and Ellis Underhill in Highgate High Street, said it would add a “small premium” to the value of a residential property.
He added: “What a fab tree house! Realistically a tree house of that size would only fit in the grounds of a substantial house.
“Generally, you should be able to recover the cost of the structure. It would make a great home office or studio for the creative if you don’t have any kids!”