Now THAT is “hope value”!

Hope value is not an uncommon word in planning circles.  It is an inflation of the price of property to reflect that an increase in the value of that property might be gained with, or without, the planning system.

I’ve just read of a small single storey garage which sold yesterday for £208,000 in Tooting Bec.

The auction particulars note that “It is considered that the garage, with a very approximate frontage of 3.26m (10’7”) to Streathbourne Road and previously used as both a single garage and for materials storage, may be suitable for redevelopment/change of use subject to planning.”

A pied a terre in the Big Smoke anyone?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.