Jeremy Corbyn, the former leader of the Labour Party, is set to almost double his investment on his North London residence after agreeing to a sale for £700,000. The property, a three-bedroom terraced house in Islington, was purchased by Corbyn in 2007 for £363,000.
The home was most recently listed at £700,000 and is now sold subject to contract, though the final agreed price has not been disclosed. This move comes after previous attempts to sell the property, which was initially listed for £1 million three years ago.
The asking price saw a gradual reduction over several months in 2026, starting at £800,000 in March, then £780,000 in April, £750,000 in May, before settling at £700,000. During his tenure as Labour leader from 2015 to 2020, Corbyn was often seen departing from this address to address media and the public.
The £700,000 sale price significantly exceeds the average house price in England, which stands at £291,000, and is also above the London average of £663,000.
Photos of the interior reveal artwork with slogans such as 'Peace: Build a Bridge Not A Wall' and imagery of red flags. The three-storey home features three double bedrooms, two reception rooms, and a 26ft back garden. One of the reception rooms contains three packed bookshelves and a dining table.
The property is situated on a street described as quiet and close to amenities in Seven Sisters and Holloway Road, with Finsbury Park and multiple transport links to central London within walking distance. The house is in council tax Band E, with an annual bill of £2,577, and has an Energy Performance Certificate rating of D.
In a 2023 interview, Corbyn described his neighbourhood as a place where people from all over the world make their home, contributing to a "lovely atmosphere." He noted that he often carries a notebook when walking in the area due to frequent interactions with residents.
In 2018, Islington Council denied Corbyn and his partner planning permission for a ground-floor extension, citing potential harm to the area's appearance. He subsequently made alterations that did not require planning permission, such as installing mirrored glass in street-facing windows. In 2019, climate activists chained themselves to the garden fence of the property to protest, demanding Corbyn declare a 'climate emergency'.