As garages go, it’s not the prettiest. A shabby set of double doors at the front, a flimsy-looking roof and some peeling white paint on the sides.
Yet it is on the market for £375,000.
Bonkers? You might well think so.
How on earth is a mere garage going for such an extraordinary amount of money?
Well, the plot, in a desirable East London spot just off Victoria Park in trendy Homerton, has planning permission for a three-bedroom house.
And that means potential.
The garage is on Kenworthy Road, E9.
Just up the street on Victoria Park Road there is a three-bedroom flat going for £695,000 (listed on Zoopla).
Round the corner on Brookfield Road there is another three-bedroom flat going for £475,000.
So is the plot worth it? We’d love to hear your thoughts.
Let us know @londonlovesbiz and in comments below.
And if you happen to have £375,000 to spare, you can view the listing here.