Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.
Buyer found for Jeremy Corbyn's Finsbury Park home after series of price cuts
Jeremy Corbyn's north London home has reportedly gone under offer after a series of asking-price reductions. The three-bedroom Finsbury Park property was listed with Kinleigh Folkard & Hayward in March at £800,000, before successive cuts brought the asking price down to offers over £700,000.
A string of reductions
According to the report, the estate agency reduced the asking price to £780,000 in April and then to £750,000 in May. It subsequently invited offers over £700,000, and the property is now understood to be under offer. The final sale price will not become known until the transaction completes and the Land Registry records the deal.
Previous marketing attempts
This is not the first attempt to sell the former Labour leader's home. Reports in 2023 said the property had come to market for just under £1m but failed to sell.
Land Registry records show Corbyn bought the terraced property for £363,000 in 2007, and he has lived there since. He now sits as an independent MP for Islington North and is calling for the government to introduce rent controls.
Property details
The latest listing describes the three-storey house as "charming and spacious". It includes three bedrooms and a 26ft rear garden. The property has an EPC rating of D and uses gas heating and a gas boiler — details that may be of interest to agents and clerks assessing energy performance and heating systems in older terraced stock.
The property previously attracted attention during Corbyn's time as Labour leader. In 2018, Islington Council refused an application to extend the front of the house.
Source: Property Industry Eye