Leading online property portal and constituent of the FTSE 100 stock index, Rightmove, is showcasing a converted church in County Durham, U.K., for offers of around £1.2 million. The agents of the sale, Finest Properties, have indicated that the Grade II listed building, that dates back to 1871, can now be purchased with Bitcoin (BTC) – the number of which would depend on the currency’s valuation at the time of sale but at today’s exchange rates would equate to around 196 BTC.
A stunning conversion of an 1870’s Parish Church with many traditional and original features providing a spacious, contemporary home #CountyDurham
— Finest Properties (@FinestProps) September 19, 2019
After being listed on Rightmove in May this year, the ex-parish church which has the potential for seven bedrooms and hosts many original features – including stained glass windows – was featured on social media last month.
Prestige Homes for Cryptocurrency
Although the property is being sold off-plan with the final renovation to be completed, images are provided online as an illustration of how the internal space could look in the finished property.
Situated away from the hustle and bustle of city-living in a small hamlet, close to the village of Middleton St George in northern England, the church’s nearest mainline train station is five miles away in Darlington which means Kings Cross, London, can be reached in around 2 hours.
As their name suggests, the agent handling the sale – Finest Properties – deal with the sale of prestige homes and the majority of the listings currently on their books can be purchased in fiat currency only.
While specialised blockchain-based realtors such as Propy have, up to now, led the way in cryptocurrency sales for high end properties on the beach and in historic locations, observers such as Colorado estate agent Jim Merrion have previously stated that using digital assets in home purchases will likely become more widespread for “Blockchain and cryptocurrency really has the ability to change every aspect of real estate, from titles, to lending, to the brokerage itself.”