Search

Garage in Hackney up for sale at nearly £360,000

10:58 02 September 2014

Thye garage for sale at a mere £360,000 in Stoke Newington

Thye garage for sale at a mere £360,000 in Stoke Newington

Archant

Soaring property prices in Hackney have been thrust back in to the spotlight this week with news of a Stoke Newington garage on sale for £359,950.

The 640sqft single-storey building in Springdale Mews is being marketed by family-run estate agents Courtney’s, in Kingsland Road, for potential re-development.

It describes it as a “well located, quiet property” and, based on other former-garage conversions along the road, suggests it could be turned into a two storey, three bedroom house.

But the offer has angered housing campaigners Digs, which has slated landlords and property developers for “destroying people’s chances of renting or buying homes.”

Myth

According to Land Registry figures, property prices in Hackney have escalated by more than 600 per cent since 1995, with serious implications for affordable housing in the borough.

Digs representative, Heather Kennedy said: “Hackney has seen some of the most astoundingly unaffordable house price increases in London. People are fast abandoning the myth that these house prices are good for their communities or good for their families.”

She added: “How much worse does the housing crisis need to get before ministers accept the market has spectacularly failed in providing suitable housing and urgent action is needed to bring down house prices and rents?”

News of the garage sale also comes as figures reveal almost £3.5 million has been raised in just three months between April and June by selling off 30 Hackney Council homes under the Right to Buy (RTB) scheme, and an estimated £8.6million over the last year.

Councillor Phillip Glanville, cabinet member for housing said: “Hackney, like other parts of the capital is the midst of a housing crisis. It is estimated that 809,000 additional homes will be needed across London by 2021.

“Our programme to regenerate Hackney’s ageing housing estates, is providing more than 2,770 homes for social renting, shared ownership and private sale, with the latter helping fund the redevelopment.”

A spokesman for Courtney’s said: “We have had quite a bit of interest in the property; many people now want to put their own stamp on their homes or create a working and living space.”

He added that the agency is selling ready made three-bedroom properties in the same location for prices varying from £500,000 to £850,000.

Responsibility for getting planning permission to convert the garage into a home would fall with the buyers.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Hackney Gazette visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Hackney Gazette staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Hackney Gazette account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest News Stories

Yesterday, 17:00
Boddington

A leading tech boss has called for more action to get girls interested in STEM (science, technology, engineering and maths) subjects at school and for Tech City to become more multicultural.

Yesterday, 15:12
Current Cycle Track

More than 200 residents have signed a petition against plans to sever a popular cycling route in Hackney Wick and replace the busy one-way street with a two-way system.

Yesterday, 12:15
Police believe this man can help with their enquiries (Picture: Met Police)

The hunt is on for a pervert who sexually assaulted a woman on a Hackney bus as it drove near Shoreditch Town Hall.

Sunday, July 26, 2015
Ania Hardy

Soulful singer-songwriter, Ania Hardy, who has been described as the “sonic love-child of Bill Withers and Ella Fitzgerald” has just released her first record, after overcoming a childhood fear of singing which lasted nearly two decades.

Most read news

Competitions

Take in the stunning sites of London from the summit of the O2!

Up at The O2 has teamed up with London24 to give one lucky reader the chance to experience urban mountaineering this summer with an exhilarating 90-minute climb across the roof of one of London’s most iconic landmarks.

Terrific tea, creamy cakes and splendid sandwiches at Mews of Mayfair.

Celebrate a truly quintessentially British tradition with the chance of winning a luxurious Afternoon Tea for two people at Mews of Mayfair, complete with a glass of Veuve Clicquot champagne.

Digital Edition

Image
Read the Hackney Gazette e-edition today E-edition
Family Notices 24


Our trusted business finder