Jeremy Corbyn finds a buyer for North London home at £700,000 after 19 years; former Labour leader bought Finsbury Park house for £363,000 in 2007 after initially listing it for £800,000

Former Labour leader Jeremy Corbyn is set to nearly double his money on his North London home after agreeing terms with a prospective buyer. According to The Telegraph, the 77-year-old Your Party MP for Islington North has put his three-bedroom terraced house in Finsbury Park on the market for offers over £700,000, after initially listing the property for £800,000 earlier this year.Corbyn bought the property for £363,000 in 2007 and has lived there for nearly two decades. The publication reported that the property is now under offer, although the final sale price has not yet been disclosed and will only become public once contracts have been exchanged.

Jeremy Corbyn’s house price and sale history

The North London property was initially listed in March by estate agent Kinleigh Folkard & Hayward with an asking price of £800,000. After failing to sell, the price was reduced to £780,000 in April and then to £750,000 in May before eventually being marketed for offers over £700,000.Corbyn had previously attempted to sell the same Islington property for almost £1 million in 2023, according to the report, but the sale did not go through.If the current deal is completed at around £700,000, Corbyn would have gained almost £337,000 on his original £363,000 purchase price – an increase of nearly 93 per cent.

Inside Jeremy Corbyn’s three-bedroom townhouse

Jeremy Corbyn bought his North London house for £363,000 in 2007. (Photo: Rightmove)

The “charming and spacious” three-storey terraced house features three double bedrooms, two reception rooms and a 26ft rear garden.The property listing describes the house as being on a quiet street close to Seven Sisters and Holloway Road. It is also within walking distance of Finsbury Park, Underground and Overground stations, with transport links to the City and West End.

The former Labour leader’s Finsbury Park property is now under offer. (Photo: Rightmove)

Photographs of the property show artwork and political-themed decorations, including a piece featuring the slogan “Peace: Build a Bridge Not A Wall” and a stylised image featuring numerous red flags.Inside the living room, the property has three packed bookshelves alongside a dining table.

Jeremy Corbyn’s ‘dream street’ in Islington

Jeremy Corbyn’s three-bedroom terraced home has been on the market this year. (Photo: Rightmove)

Corbyn previously described the street as his “dream street”, praising its friendly and mixed community.During his time as Labour leader from 2015 to 2020, the property became familiar to television audiences, with Corbyn frequently seen leaving the address while facing questions from journalists and members of the public.Neighbours on the street are understood to include supporters of the veteran left-wing politician. One neighbour previously described Corbyn as “very nice”.Corbyn has lived at the property with his wife, Laura Alvarez, a Mexican businesswoman and fair-trade coffee importer.

Jeremy Corbyn is set to nearly double the 2007 purchase price of his North London home. (Photo: Rightmove)

How much council tax does Jeremy Corbyn pay?

The property is in Council Tax Band E and would have attracted an annual bill of £2,577 this year, according to the property details reported by The Telegraph.Its Energy Performance Certificate gives the house a D rating. The property has gas heating and a gas boiler rather than a heat pump.

Jeremy Corbyn’s gardening passion and property controversies

Corbyn has maintained an allotment in North London for more than two decades. During his time as Labour leader, he said gardening helped him become a better politician because it “helps you think about things and understand the natural process”.The Islington property has also been at the centre of several controversies. In 2018, Corbyn and Alvarez were refused planning permission to extend the front of the house.A year later, eco-activists glued their hands and chained themselves to Corbyn’s garden fence using a bike lock during a protest calling on him to declare a “climate emergency”.During his time as Labour leader, Corbyn was also reported to have installed mirrored glass in windows facing the street to prevent passers-by from looking into his living room.Corbyn, who was first elected to Parliament in 1983, served as Labour Party leader between 2015 and 2020. He later founded the left-wing Your Party and remains the MP for Islington North.The sale of his long-time North London home comes after almost two decades at the property. At an asking price of £700,000, the house is worth significantly more than the average property in England and is also above the reported London average.