World · India Bureau
Corbyn sells North London home after nearly two decades of ownership
Former Labour Party leader Jeremy Corbyn has secured a buyer for his three-bedroom Finsbury Park residence, concluding a 19-year ownership of the property. The sale nearly doubles the purchase price from 2007, reflecting significant appreciation in London's property market.
LSN India ·
Corbyn acquired the North London home for £363,000 in 2007 and has now found a buyer after placing it on the market this year. The property was initially listed at £800,000 before the asking price was reduced to offers over £700,000. The house is now under offer, according to reports from property market observers.
The transaction represents substantial capital growth over the ownership period, with the sale price nearly doubling from the original 2007 purchase value. The appreciation reflects broader trends in London's residential property market, where values in North London areas such as Finsbury Park have experienced considerable increases over the past two decades.
The sale concludes Corbyn's long-term residency in the area, where he has maintained a home throughout his political career, including his tenure as Labour Party leader from 2015 to 2020. Details regarding the completion timeline and final transaction value have not been formally disclosed.