The 'airspace' above a south west London flat is on the market for £10,000. The space at 47 Northcote Road in Battersea is on sale despite no planning permission to build.
Auctioneer Phillip Arnold states in the listing that the freeholder "will be providing landlord's consent to develop" on top of the roof of the flat below. The plot is offered "with vacant possession" and the auctioneer's site says "a new 150-year lease with a peppercorn ground rent will be granted upon completion".
The space is located within walking distance of Clapham Junction station and is above two self-contained flats and a ground-floor restaurant that is changing into a café. It is also within easy reach of Wandsworth and the River Thames.
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Speaking to the BBC, Mr Arnold said revealed that the plot next door was currently being redeveloped with an additional storey and another, two doors down, had permission for the same. "You'd like to think there's a better chance than most with this," he said.
Mr Arnold acknowledged that the project would not be "a straightforward build" and extra costs are likely - for example, if a crane was required - the low initial cost for the space gave it "hope value". He told the BBC: "London has been through a big period of flat conversions.
"You get phases, and I think this will be one of them and people will just actively look for these things. They're like buses; it's the first one I've had for ages but about 18 months ago I had nine.
"I think you're going to see a lot more of them. Sometimes if you've got a couple of people bidding the price will go through the roof."
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