in

Is THIS Britain’s costliest council home? Fury as man slammed for promoting four-bed dwelling for £3.5million… however he says worth is honest!

Is THIS Britain’s costliest council home? Fury as man slammed for promoting four-bed dwelling for £3.5million… however he says worth is honest!


The proprietor of a modest former ‘council home’ which has been placed on sale for a  staggering £3.5million has defended the big asking worth – after it attracted widespread mockery. 

The extraordinary asking worth for a four-bed semi of its form has brought on astonishment amongst neighbours and potential patrons – however now its vendor has claimed  it’s justified as a result of he has spent £1.4 million renovating. 

Accountant Lukov Nikolov – who’s asking 3 times the quantity he paid for the property – stated: ‘I spent £1.4million renovating the home after I purchased it…I do not know if it can promote, however we are going to see.’

The home was constructed within the late Fifties as a part of a council home and wider publicly-funded constructing growth – and is assumed to have been with the adjoining semi filling in a niche amongst a lot older nineteenth century houses left by a WWII bomb.

It wasn’t leased to common council tenants however utilized by law enforcement officials who have been sometimes relocating to work in London for the Met Police – however in each different respect it is equal to different close by council housing in model and measurement.

The owner of a modest, semi-detached four-bedroom North London home on the market for a staggering £3.5million has defended the price. The house was built in the late 1950s as part of a council house

The proprietor of a modest, semi-detached four-bedroom North London dwelling available on the market for a staggering £3.5million has defended the worth. The home was constructed within the late Fifties as a part of a council home

Accountant Lukov Nikolov - who is asking three times the amount he paid for the property - said: 'I spent £1.4million renovating the house after I bought it...I don't know if it will sell, but we will see'

Accountant Lukov Nikolov - who is asking three times the amount he paid for the property - said: 'I spent £1.4million renovating the house after I bought it...I don't know if it will sell, but we will see'

Accountant Lukov Nikolov – who’s asking 3 times the quantity he paid for the property – stated: ‘I spent £1.4million renovating the home after I purchased it…I do not know if it can promote, however we are going to see’ 

This is the interior kitchen of the family home in Canonbury, Islington, where the average home sold for £934,290 over the last year

This is the interior kitchen of the family home in Canonbury, Islington, where the average home sold for £934,290 over the last year

That is the inside kitchen of the household dwelling in Canonbury, Islington, the place the common dwelling offered for £934,290 over the past 12 months

The property was sold off in 2015 and bought by it's current owner, Miroslav Nikolov for £1.2million - before he began to alter it

The property was sold off in 2015 and bought by it's current owner, Miroslav Nikolov for £1.2million - before he began to alter it

The property was offered off in 2015 and purchased by it is present proprietor, Miroslav Nikolov for £1.2million – earlier than he started to change it

The Bulgarian accountant and his wife Srebrina - who also own another house in the same street - say they have renovated and extended it considerably since

The Bulgarian accountant and his wife Srebrina - who also own another house in the same street - say they have renovated and extended it considerably since

The Bulgarian accountant and his spouse Srebrina – who additionally personal one other home in the identical avenue – say they’ve renovated and prolonged it significantly since

The property was offered off in 2015 and purchased by it is present proprietor,  Miroslav Nikolov for £1.2million – earlier than he started to change it.   

The Bulgarian accountant and his spouse Srebrina – who additionally personal one other home in the identical avenue – say they’ve renovated and prolonged it significantly since. And when MailOnline visited this week there was constructing work being achieved.

Mr Nikolov was capable of dig down and create a brand new spacious basement ‘flooded with pure mild’, rising the properties sq. footage by a 3rd. 

The property now deceptively spreads over 3650sq ft of inside area and has 4 flooring in addition to its personal cinema room, which, within the view of Mr Nikolov justifys the £2.3million improve in worth. 

Mr Nikolov’s second property alongside the highway he purchased for the comparatively small worth of £878,000 earlier than renovating it too. It isn’t clear what his plans for that place are.

Properties in Canonbury offered for an total common worth of £934,290 over the past 12 months, in line with RightMove, with nearly all of gross sales being flats, which offered for a mean worth of £633,512. 

Terraced properties offered for a mean of £1,659,972, with semi-detached properties fetching £3,873,333 – putting the property at the moment on the market barely beneath common. 

The worth of houses within the family-friendly London neighbourhood soared over the past 12 months by 9 per cent. 

Mr Nikolov was able to dig down and create a new spacious basement 'flooded with natural light', increasing the properties square footage by a third

Mr Nikolov was able to dig down and create a new spacious basement 'flooded with natural light', increasing the properties square footage by a third

Mr Nikolov was capable of dig down and create a brand new spacious basement ‘flooded with pure mild’, rising the properties sq. footage by a 3rd 

Miroslav Nikolov

Miroslav Nikolov

Miroslav Nikolov

Miroslav Nikolov

Since transferring into the realm in 2012, Mr Nikolov and his spouse Srebrina have turn into acquainted and well-liked faces within the neighbourhood

The property now deceptively spreads over 3650sq ft of interior space and has four floors as well as its own cinema room, which, in the view of Mr Nikolov justifys the £2.3million increase in value

The property now deceptively spreads over 3650sq ft of interior space and has four floors as well as its own cinema room, which, in the view of Mr Nikolov justifys the £2.3million increase in value

The property now deceptively spreads over 3650sq ft of inside area and has 4 flooring in addition to its personal cinema room, which, within the view of Mr Nikolov justifys the £2.3million improve in worth

Properties in Canonbury sold for an overall average price of £934,290 over the last year, according to RightMove, with the majority of sales being flats, which sold for an average price of £633,512

Properties in Canonbury sold for an overall average price of £934,290 over the last year, according to RightMove, with the majority of sales being flats, which sold for an average price of £633,512

Properties in Canonbury offered for an total common worth of £934,290 over the past 12 months, in line with RightMove, with nearly all of gross sales being flats, which offered for a mean worth of £633,512 

However despite the fact that costs are on the rise within the space, lots of Mr Nikolov’s neighbours assume he is being too optimistic. 

One in all his neighbours informed MailOnline if the home offered for that worth he would contemplate placing his considerably bigger property available on the market. 

He stated: ‘That may’t be proper! If that sells for £3.5million, I’ll put my home available on the market for £5million the subsequent day. It will not promote for that a lot in one million years.

They will by no means get that, even with a basement put into it. His different property on the highway could be very good, he put quite a lot of effort into the renovations. However £3million might be foolish. 

‘Many of the little homes alongside right here vary from £1.3-1.8million relying on what they’ve achieved to them.’

The price of homes in the family-friendly London neighbourhood soared over the last year by nine per cent

The price of homes in the family-friendly London neighbourhood soared over the last year by nine per cent

The worth of houses within the family-friendly London neighbourhood soared over the past 12 months by 9 per cent

Mr Nikolov also owns another property along the road which he bought for the cool price of £878,000 before renovating

Mr Nikolov also owns another property along the road which he bought for the cool price of £878,000 before renovating

Mr Nikolov additionally owns one other property alongside the highway which he purchased for the cool worth of £878,000 earlier than renovating

Properties in Canonbury sold for an overall average price of £934,290 over the last year, according to RightMove

Properties in Canonbury sold for an overall average price of £934,290 over the last year, according to RightMove

Properties in Canonbury offered for an total common worth of £934,290 over the past 12 months, in line with RightMove

One other neighbour agreed, saying: ‘That is not value it for the worth. They’re smoking crack in the event that they assume they are going to get that quantity!’ 

Since transferring into the realm in 2012, Mr Nikolov and his spouse Srebrina have turn into acquainted and well-liked faces within the neighbourhood. 

And a few of their buddies assume the Bulgarian couple could also be on to a winner. 

One stated: ‘He is a pleasant man and is at all times joking with folks.

‘I feel it can promote for the worth. Individuals love this highway, it would not really feel such as you stay in London while you’re right here. A few of the homes alongside this highway go for about £5million, so it is not the costliest place right here. 

‘In the event you renovate correctly, you’ll be able to simply double the worth of your private home right here.’

One other agreed, saying: ‘It is savvy from him. In the event you improve the sq. foot of a property right here, a £2million rise in 9 years is not out of the query.’

Regardless of this vote of confidence, many on social media seemed to be greatly surprised by the house’s plain exterior and have been fast to check the semi-detached dwelling to lovely sprawling homes accessible elsewhere throughout Britain.

For nearly half the worth of the London property, dwelling patrons might bag a big six bed room dwelling in Durham, or perhaps a 13 bed room mansion, extra akin to a fortress, in rural Scotland. 

‘London costs in comparison with the remainder of the nation is loopy,’ one stated, whereas one other added, ‘completely bonkers, I will by no means get the fascination with eager to stay close to London.’ 

By comparison, this six-bedroom home near Durham, set on 20-acres of land was on sale in June for £1,750,000

By comparison, this six-bedroom home near Durham, set on 20-acres of land was on sale in June for £1,750,000

By comparability, this six-bedroom dwelling close to Durham, set on 20-acres of land was on sale in June for £1,750,000

By contrast, for less than half the price of the London semi-detached home, this 13-bed property in the Cairngorms National Park in Scotland, is on sale for £1,200,000

By contrast, for less than half the price of the London semi-detached home, this 13-bed property in the Cairngorms National Park in Scotland, is on sale for £1,200,000

Against this, for lower than half the worth of the London semi-detached dwelling, this 13-bed property within the Cairngorms Nationwide Park in Scotland, is on sale for £1,200,000 

One other fumed ‘Who’s paying £3.5 million for a 4 mattress semi-detached? It is absurd’, whereas a fourth stated: ‘It is a totally different nation in comparison with the remainder of the UK. Full rip off.’

The north London property, described on RightMove as a ‘lovely household dwelling’ in ‘the ultimate levels of a full renovation’. 

The ground plan reveals there’s a decrease floor space, ‘flooded with pure mild’ and kitchen-dining space, whereas the higher flooring include three double bedrooms, every with their very own ensuite.

Properties in Canonbury offered for an total common worth of £934,290 over the past 12 months, in line with RightMove, with nearly all of gross sales being flats, which offered for a mean worth of £633,512. 

Terraced properties offered for a mean of £1,659,972, with semi-detached properties fetching £3,873,333 – putting the property at the moment on the market barely beneath common. 

The worth of houses within the family-friendly London neighbourhood soared over the past 12 months by 9 per cent. 

These on social media, nevertheless, have been fast to level out for lower than half the worth, home patrons might buy a six bed room dwelling with 4 loos for £1,750,000 in Lengthy Garth, Durham.  

The big dwelling, in-built 1850 within the metropolis’s suburbs, spreads of 20-acres of formal gardens, fields, paddocks and woodland, has a tennis court docket, an outside huts in addition to a two bed room cottage with a studio.

A Grade II listed Victorian Villa in Stoke, Plymouth - equipped with a pool and a wine cellar - by comparison is on sale for £800,000

A Grade II listed Victorian Villa in Stoke, Plymouth - equipped with a pool and a wine cellar - by comparison is on sale for £800,000

A Grade II listed Victorian Villa in Stoke, Plymouth – outfitted with a pool and a wine cellar – by comparability is on sale for £800,000 

On the other hand, this is the 20-acres of land the buyer of the cheaper Durham home will get with their property

On the other hand, this is the 20-acres of land the buyer of the cheaper Durham home will get with their property

Then again, that is the 20-acres of land the client of the cheaper Durham dwelling will get with their property 

For these completely satisfied to stay in the midst of nowhere, a 13-bedroom mansion within the Cairngorms Nationwide Park in Scotland, is also on sale for a fraction of the worth of the London property. 

Set on eight acres of woodland, the capturing lodge is on the world well-known Glenlivet Property. In addition to the primary dwelling – The Coach Home – these shopping for the property will even get the keys to The Stag Shed – a comfortable bunkhouse for 3 extra folks. 

In the meantime, a Grade II listed Victorian Villa in Stoke, Plymouth, by comparability is on sale for £800,000. The semi-detached dwelling, with 5 bedrooms and three loos, comes outfitted with its personal wine cellar and a swimming pool. 

Whereas nearly all of folks appeared outraged by the worth of the property, others identified the house was in a much-short after space of London. ‘Location, location, location,’ an observer mused. 

One stated: ‘This is not about the home. It is concerning the plot of land. That home is on the very best avenue in Canonbury. It is completely ripe. I am not saying this is not bonkers but it surely’s context you want.’ 

One other stated: ‘That is Canonbury north. It is like crossing the road and also you’re in an idyllic countryside village when really you are in Islington. That is a luxurious that folks pays for.’

A 3rd added: ‘I’ve lived in each Durham and London. Belief me, the London property is the higher worth.’ 

London property costs stay larger than the remainder of the UK as the availability can not preserve tempo with the demand of the capital, whereas the land stays extra scarce than rural components of Britain. 



Read more on dailymail

Written by bourbiza mohamed

Bourbiza Mohamed is a freelance journalist and political science analyst holding a Master's degree in Political Science. Armed with a sharp pen and a discerning eye, Bourbiza Mohamed contributes to various renowned sites, delivering incisive insights on current political and social issues. His experience translates into thought-provoking articles that spur dialogue and reflection.

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Take a look at Reside: Turkey’s Effectively-known Stork

Take a look at Reside: Turkey’s Effectively-known Stork

Mauricio Pochettino warns Noni Madueke to ‘watch out’ after winger hit out at Chelsea followers for turning on the Blues and BOOING Raheem Sterling

Mauricio Pochettino warns Noni Madueke to ‘watch out’ after winger hit out at Chelsea followers for turning on the Blues and BOOING Raheem Sterling