Sale: ‘Beautifully dilapidated’ Pindock mews home
The delicate, diamond-paned windows are dirty, there is peeling paintwork everywhere and the faded whitewash on the brickwork gives it a ghostly pallor.
This one-bedroom mews house for sale at Pindock Mews, Little Venice, looks so fragile that a puff of wind could blow it down. But what an opportunity. Nowadays, it is extremely rare to find a mews in need of complete renovation, so if this fantastic project whets your appetite, we say carpe diem and contact us.
Inside, the electrics are dangerously dated, some of the walls are unplastered and so much rain comes through the roof that you’d be wise to take an umbrella to bed, yet this property is worth a cool £2.5 million pounds. You may wonder why this humble London mews house, described in the press as “beautifully dilapidated”, has been marketed in the millions, but there are three good reasons why it deserves its substantial price tag.
1. It’s a rarity. According to recent estimates, around 90 per cent of the capital’s mews properties have been converted into residential homes so this is one of the last, unmodernised mews houses remaining in London. Mews properties were built as servants’ quarters but in the 1960s they became fashionable piéd-a-terres for celebrities and racing drivers (who used the stabling areas as garaging for their valuable cars). Now, thanks to their quirky charm, they are hugely popular as homes and second homes for Londoners.
2. The location can’t be beaten. The multi-award winning Britpop singer Duffy even wrote a song titled “Warwick Avenue” about the area. Little Venice is probably the best known of London’s canal-side locations, with its closely packed, colourful narrow-boats and cosy pubs. While it feels a million miles away from Central London, it actually takes just nine minutes to reach Oxford Circus from Warwick Avenue station on the Bakerloo Line.
3. It’s a bargain. Our general manager James Robinson knows a good deal when he sees one. As mews experts we are always happy to advise on refurbishment projects and can help you get the best value from any alterations you are planning. He says “the cost of completely refurbishing the property, extending into the basement and the roof, would be an estimated £700,000, but the result will be a family home worth approximately £4 million. This leaves a tidy, tax free, profit (if it is your primary residence) for the owner when the refurbishment is completed.”
Are you up for the challenge of bringing Pindock Mews to life? Simply browse our website today or drop by our offices in Notting Hill, Hyde Park or South Kensington.