A new way to pay: This seller is accepting bitcoin for his Peckham townhouse

Thought to be the UK’s first ever, a London townhouse has been put on the market with the owner willingly accepting bitcoin currency.

The three-bedroom, three-bathroom home in Peckham has been valued at £1.65m by estate agents.

The online currency was established in 2009 and is completely free of government control, allowing users to carry out transactions without the need for a bank to exchange funds.

Speaking to ITV News, the managing director for Munday’s Estate Agents, Becky Munday, commented: “As far as I’m aware, this is the first bitcoin marketed property in the UK. I’ve noticed in America that properties are popping up in Bitcoin, particularly new developments.

“This is a classic home being marketed in a modern way. It’s exciting, and we were open to our seller approaching us with the idea. I’ve had to ask my IT department to change the way our admin system works so we can market in Bitcoin.

“I expect the property portals are already working on their back-end systems in preparation of bitcoin sales.”

The homeowner, Daniel Roy, will accept Sterling but also open to offers in excess of 500 bitcoin. He said: “The London property market is a bit slow at the moment…

“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.”

Roy moved to the UK from France 13 years ago, and is now selling his property through Munday’s estate agency.

Although a buyer is able to pay with Bitcoin, they will still have to pay around £110k of stamp duty in Sterling.