London Daily

Focus on the big picture.
Friday, Mar 27, 2026

House bought on 'UK's most dangerous street' for £5,000 is now worth £1,000,000

House bought on 'UK's most dangerous street' for £5,000 is now worth £1,000,000

A man who bought his house on the country’s ‘most dangerous street’ in 1970 for just £5,000 says it’s now worth £1 million.

Hasan Rezvan moved from Cyprus to the UK and purchased the four-bedroom terraced house in Coldharbour Lane next to Loughborough Junction station in south London.

He had initially hoped to buy another house in the street for £7,000 but the bank told him he could only afford £5,000.

The area, which borders Brixton and Camberwell, was rocked by the Brixton riots in 1981 and by the late 90s had developed a reputation for violence and drug use.

The street was dubbed ‘Britain’s most dangerous’ in 2003 after it was reported £1,000,000 of crack cocaine was being dealt there every month.

But despite the problems, the eclectic area became increasingly popular, especially with young people attracted to Brixton’s nightlife, music and cultural scene.

This, coupled with a general housing boom over the past few years, has seen house values soar.

Hasan says his terraced home is worth around £1,000,000

A new block of flats opposite Hasan’s home


Hasan said he’s had very few problems during his time in Coldharbour Lane.

The 75-year-old said: ‘About 15 years ago they broke into next door twice, but the woman living there said it was her ex-boyfriend.’

He added there used to be a fair few issues at a nearby block of flats called Liliford house – with fighting and regular visits from police – but these days there’s ‘hardly anything’ and it’s ‘getting better’.

‘I do not feel unsafe,’ he explained.

A new housing block was recently built across the road from Hasan. He was initially worried about the effects of such a large influx of people but says there have been no issues.

He explained while his house is worth a lot, he does not have ‘money in his pocket’.

‘The only way to get it is to sell it up and go home to Cyprus,’ he said. ‘But I’ve lived here for 50 years, this is my home now.’

According to Rightmove, the average price of a home in the area is £560,000, but terraced houses often go for well over a million. A four-bed terrace in Coldharbour Lane similar to Hasan’s sold for £1,075,00 in June 2021.

Newsletter

Related Articles

0:00
0:00
Close
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
Trump Urges Stronger Defence Investment as He Questions Allied Naval Capabilities
New COVID Variant Detected in UK Raises Concerns Over Vaccine Effectiveness
FTSE Russell Moves to Standardise Free-Float Rules for UK and International Listings
HBO Max Launches in UK and Ireland, Marking Major Step in Global Streaming Expansion
UK Signals Readiness to Seize Russian ‘Shadow Fleet’ Vessels in Escalation of Sanctions Enforcement
Escalating Middle East Conflict Seen as Major Threat to UK Economic Stability
Early Challenges Mark Prince Harry and Meghan’s Australia Visit
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
UK Fuel Prices Face Upward Pressure as Global Oil Trends Raise Cost Outlook
Girlguiding UK Sets September Deadline for Membership Policy Change Affecting Trans Participants
Germany and UK Accelerate Wind Power Expansion to Strengthen Energy Security
UK Moves to Ban Cryptocurrency Donations to Political Parties Over Foreign Influence Concerns
UK and Turkey Finalise Major Air Defence Agreement Worth Billions
Apple Introduces Mandatory Age Verification for iPhone Users in the UK
Diverging Views Emerge Over Meghan Markle’s Planned Australia Appearance
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
UK Ministers Warn Expanded North Sea Drilling Would Deepen Exposure to Global Energy Volatility
Delayed UK Defence Investment Plan Leaves Suppliers Under Severe Financial Strain
Can Iran Strike the UK? Assessing the Real Military Threat as Conflict Escalates
Sanctioned Iranian Banker Linked to Luxury Marbella Villa Through UK Corporate Structure
Casey Bloys Navigates HBO Max UK Launch, Paramount Integration and Industry Buzz Over Netflix Meeting
Iran Conflict Sparks Sharp Turbulence in UK Mortgage Market, Reaching Pandemic-Era Disruption Levels
Major Donor Urges University of Kentucky to Reconsider Mitch Barnhart’s Post-Retirement Role
United Kingdom Moves to Lead International Effort to Reopen Strait of Hormuz
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
Senior UK Advocate Criticises Barnhart Retirement Appointment, Calls for Reconsideration
UK Finds No Evidence of Direct Iranian Threat to Britain, Says Prime Minister Starmer
Assessing Iran’s Strike Capability and the UK’s Readiness Amid Rising Tensions
NATO Unable to Confirm Iran’s Role in Strike on UK-US Base as Tehran Denies Involvement
University of Kentucky’s Youling Xiong Receives SEC Faculty Achievement Award for 2026
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
Duchess of Sussex Secures ‘As Ever’ Trademark Rights in Australia Ahead of High-Profile Visit
UK Reaffirms Security as Officials Reject Claims of Immediate Iranian Missile Threat
Rising Middle East Tensions Spark ‘Trumpflation’ Debate Over Impact on UK Households
×