Former Coach House In London Sold For £318,000 At Auction


A former coach house in St John's Wood, north London, has been sold for more than £300,000 at auction - three times its asking price.

The two-storey unit on 1 Lithos Road, which used to house horse-drawn carriages, was sold for £318,000 on behalf of Camden Council by auctioneers Lambert Smith Hampton.

The property, at 466 square foot, is about half the size of an average British home and was put on auction on Monday at an £100,000 guide price.

The former coach house is believed to have been sold to a north-west London based investor who could potentially knock it down to turn it into something else, such as housing, according to Estates Gazette.

The current tenant, a bookseller, is understood to pay £3,400-a-year for the property, which he has been using to store lots of cardboard boxes.

So the new owner may need to have a bit of a clear out before deciding how to reuse the new purchase.