Yours for £700,000 … six garages in Parsons Green

A row of rundown garages in west London has sold at auction for £700,000 — 10 times the guide price.

Three of the six garages in Parsons Green are let for up to £85 a month, while the others are vacant and in very poor condition.

Andrew Binstock, of Auction House London, said: “The guide price was £70,000, and the reserve, below which we would not have sold the garages, was £80,000. There was a lot of interest before the auctions, so we were expecting the lot to fetch around the £200,000 mark.

“But the auction, in a cinema auditorium, was full to bursting and the result was amazing.”

Mr Binstock said a feasibility scheme had been conducted to redevelop the site. The sale is understood to have been made by executors for the benefit of a Mr and Mrs Greef.