A derelict garage down a side street in Stoke Newington, north London has been sold for £375,000, the same price as a three-bedroom-flat.
The building contains no kitchen, bathroom or bedrooms but does cover 750 square ft and comes equipped with a scattering of green cupboards to match its walls.
Official photographs from Hackney-based estate agents Courtneys reveal the new owner will also discover a pile of brown dirt and mis-matched flooring in the corner of their property.
The space is accessible by the main garage door and the front appears to be slightly run-down in the official photographs.
Courtneys wrote in its description of the property: “The property is situated in a very quiet yet very central small mews just off Stoke Newington Road.
“It thus benefits from being very close to numerous bus routes and the amenities of both Stoke Newington Church Street to the north and Dalston to the south.”
The garage is in a gated complex in Foulden terrace and could be turned into a two storey modern home if planning permission is granted.
Local housing campaign group Hackney Digs said the property was another example of London's housing crisis.
Founder Heather Kennedy told the Evening Standard: “The fact that this squalid Stoke Newington garage would actually be out the price range of most people in London really shows the appalling extent of the housing problem.
"The real questions is why the government are encouraging [the housing crisis] rather than helping people who need a home.”
Planning permission is notoriously difficult to obtain in the Borough of Hackney, with residents frequently coming out in opposition to planned changes to their roads.
The Independent has so far been unable to contact the new owner of the property.
