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Posh London townhouse on market for £1.65 million - or 500 BITCOINS

  • <p>The 2,134 sq/ft property is spread over four floors and has three bedrooms, three bathrooms, three receptions and a large kitchen. The property has been valued by estate agents at £1.65 million and is being sold through Munday’s estate agency. (SWNS.com) </p>
    1/6

    Bitcoin house

    The 2,134 sq/ft property is spread over four floors and has three bedrooms, three bathrooms, three receptions and a large kitchen. The property has been valued by estate agents at £1.65 million and is being sold through Munday’s estate agency. (SWNS.com)

  • <p>Daniel Roy, pictured with his partner Radana Lancman, says he will accept sterling, but that he is also open to offers “in excess of 500 Bitcoin”. However, while the buyer will able to buy the house with Bitcoin, they will still have to use Sterling when paying stamp duty – which will be around £110,000.(SWNS.com) </p>
    2/6

    Bitcoin house

    Daniel Roy, pictured with his partner Radana Lancman, says he will accept sterling, but that he is also open to offers “in excess of 500 Bitcoin”. However, while the buyer will able to buy the house with Bitcoin, they will still have to use Sterling when paying stamp duty – which will be around £110,000.(SWNS.com)

  • <p>Roy said: “It is a beautiful mid-19th century home which is spacious, light and airy – it is a great place to think. <br><br>“The London property market is a bit slow at the moment and I am really interested in cryptocurrency so I thought it would be good to give someone the possibility of using Bitcoin to buy a wonderful home.” (SWNS.com) </p>
    3/6

    Bitcoin house

    Roy said: “It is a beautiful mid-19th century home which is spacious, light and airy – it is a great place to think.

    “The London property market is a bit slow at the moment and I am really interested in cryptocurrency so I thought it would be good to give someone the possibility of using Bitcoin to buy a wonderful home.” (SWNS.com)

  • <p>Cryptocurrencies like Bitcoin and Ethereum, which Daniel will also accept, are prone to volatile movement. Around 12 months ago, a single bitcoin was worth £500. It has now risen to £2,928. <br>(SWNS.com) </p>
    4/6

    Bitcoin house

    Cryptocurrencies like Bitcoin and Ethereum, which Daniel will also accept, are prone to volatile movement. Around 12 months ago, a single bitcoin was worth £500. It has now risen to £2,928.
    (SWNS.com)

  • <p>If the house was to sell for 500 Bitcoin today, and then the cryptocurrency’s value returned to its September 2016 level then the seller would be left with equivalent of £250,000 – a fall of 85 per cent. (SWNS.com) </p>
    5/6

    Bitcoin house

    If the house was to sell for 500 Bitcoin today, and then the cryptocurrency’s value returned to its September 2016 level then the seller would be left with equivalent of £250,000 – a fall of 85 per cent. (SWNS.com)

  • <p>Becky Munday, managing director of Munday’s Estate Agents, said: “This is a classic and large period home being marketed in a modern way. It’s exciting, and we were open to our seller approaching us with the idea.” (SWNS.com) </p>
    6/6

    Bitcoin house

    Becky Munday, managing director of Munday’s Estate Agents, said: “This is a classic and large period home being marketed in a modern way. It’s exciting, and we were open to our seller approaching us with the idea.” (SWNS.com)

<p>The 2,134 sq/ft property is spread over four floors and has three bedrooms, three bathrooms, three receptions and a large kitchen. The property has been valued by estate agents at £1.65 million and is being sold through Munday’s estate agency. (SWNS.com) </p>
<p>Daniel Roy, pictured with his partner Radana Lancman, says he will accept sterling, but that he is also open to offers “in excess of 500 Bitcoin”. However, while the buyer will able to buy the house with Bitcoin, they will still have to use Sterling when paying stamp duty – which will be around £110,000.(SWNS.com) </p>
<p>Roy said: “It is a beautiful mid-19th century home which is spacious, light and airy – it is a great place to think. <br><br>“The London property market is a bit slow at the moment and I am really interested in cryptocurrency so I thought it would be good to give someone the possibility of using Bitcoin to buy a wonderful home.” (SWNS.com) </p>
<p>Cryptocurrencies like Bitcoin and Ethereum, which Daniel will also accept, are prone to volatile movement. Around 12 months ago, a single bitcoin was worth £500. It has now risen to £2,928. <br>(SWNS.com) </p>
<p>If the house was to sell for 500 Bitcoin today, and then the cryptocurrency’s value returned to its September 2016 level then the seller would be left with equivalent of £250,000 – a fall of 85 per cent. (SWNS.com) </p>
<p>Becky Munday, managing director of Munday’s Estate Agents, said: “This is a classic and large period home being marketed in a modern way. It’s exciting, and we were open to our seller approaching us with the idea.” (SWNS.com) </p>
Yahoo Finance UK

A house has been put on the market in Peckham, London, with the owner willing to accept payment in bitcoin in what is thought to be a UK first.

The currency, which was launched in 2009 and is free from government control, has come under scrutiny due to its use among drug dealers and criminals, while North Korea is understood to be using it to bypass trade sanctions.

Around 12 months ago, a single bitcoin was worth £500. It has now risen to £2,928.

The move comes shortly after underwear tycoon and Tory peer Michelle Mone revealed she is accepting bitcoin for the flats in a Dubai apartment block she had helped develop with partner Doug Barrowman.