A dilapidated bungalow in Peckham, South-East London has sold for nearly a million pounds after a bidding war. The guide price of £590,00 set by Savills was smashed when bidding started at £600,000.
The attraction of the property must be that it could be demolished and completely re-built, although it has not yet obtained planning permission for redevelopment. The pre-fabricated bungalow is located near the trendy Bellenden Road in the newly-gentrified Peckham.
The property was previously owned by Southwark Council but has not been lived in since 2002. It's certainly conceivable that Del-Boy or one of his gang had to move out - this time next year you'd need to be a millionaire to move back in!
"Peckham has connotations of Only Fools and Horses and that can be one side, but the other side is traditional, old Victorian areas," he said. "Someone has bought it to develop it and that area is a hotspot. It is a really good location." The property was previously owned by Southwark Council and hasn’t been lived in since 2002. It also comes with 0.6 acres of land.