An architect who transformed a derelict wasteland into a luxury home for just £400,000 is set to make a huge profit as the property goes on the market for £2.25 million. Marcus Lee bought the plot in an industrial cul-de-sac next to a bicycle garage and car workshop for a reported £70,000 and spent a further £330,000 building the home - including £20,000 just on the glass for windows. The eye-catching property has won numerous design awards since its completion in 2007. Mr Lee now stands to make more than five times the amount it cost to build the five-bedroom house in Hackney, east . London, where prices have rocketed by 17 per cent in the last year . alone. But three five-bedroom houses are up for sale on a neighbouring street for significantly less at £899,950 - more than double the £345,000 price tag properties of the same size in the area sold for in 2007 when the 'Frame House' was built. Mr Lee, who spent 21 years working on big projects at Richard Rogers Partnership, was involved in the design of Heathrow’s Terminal 1 and Terminal 5 while with the firm, as well as the Lloyd’s building in London. He went on to co-found the FLACQ company and later became a director at Glenn Howells Architects and principal at Arup Associates. He said he is only selling the property so he can move on to another project. Transformation: Architect Marcus Lee transformed a derelict plot of land into this five-bedroom property in Hackney, east London . On the market: The property, dubbed the 'Frame House' because of its timber frame design, is for sale for £2.25 million - five times the amount it cost to build it . Good investment: Mr Lee bought the plot of land in Hackney for a reported £70,000 and spent a further £330,000 building the house . Award winning: The house won a Royal Institute of British Architecture award in 2009 . Glass house: The glass for the numerous windows in the property cost £20,000 alone . Pricey: The wedge-shaped, timber frame property lies in an industrial cul-de-sac in Hackney where prices have rocketed by 17 per cent in the last year. The average price of a house in the borough is £500,000 . Time for a change: Mr Lee, who previously worked on Heathrow's Terminal 5, said he is selling the property so he can move on to another project . Entertaining: The five-bedroom house has a large open plan ground floor - perfect for family gatherings and parties . Acclaimed property: One of five bedrooms in the property which has been applauded for its light and airy design . Clever concept: The house has been designed without load bearing walls and is covered in glass, bringing in plenty of light . Retro: The eye-catching orange multi-purpose kitchen unit dominates the open place space on the ground floor . Walkway: A path winds around the house which was designed to be suitable for children .
Marcus Lee bought the plot of land in Hackney, east London, for a reported £70,000 .
Architect then spent a further £330,000 transforming the wasteland into a five-bedroom family home .
It is now on the market for £2.25 million - more than five times the cost of building it .
An architect who transformed a derelict wasteland into a luxury home for just £400,000 is set to make a huge profit as the property goes on the market for £2.25 million. Marcus Lee bought the plot in an industrial cul-de-sac next to a bicycle garage and car workshop for a reported £70,000 and spent a further £330,000 building the home - including £20,000 just on the glass for windows. The eye-catching property has won numerous design awards since its completion in 2007. Mr Lee now stands to make more than five times the amount it cost to build the five-bedroom house in Hackney, east . London, where prices have rocketed by 17 per cent in the last year . alone. But three five-bedroom houses are up for sale on a neighbouring street for significantly less at £899,950 - more than double the £345,000 price tag properties of the same size in the area sold for in 2007 when the 'Frame House' was built. Mr Lee, who spent 21 years working on big projects at Richard Rogers Partnership, was involved in the design of Heathrow’s Terminal 1 and Terminal 5 while with the firm, as well as the Lloyd’s building in London. He went on to co-found the FLACQ company and later became a director at Glenn Howells Architects and principal at Arup Associates. He said he is only selling the property so he can move on to another project. Transformation: Architect Marcus Lee transformed a derelict plot of land into this five-bedroom property in Hackney, east London . On the market: The property, dubbed the 'Frame House' because of its timber frame design, is for sale for £2.25 million - five times the amount it cost to build it . Good investment: Mr Lee bought the plot of land in Hackney for a reported £70,000 and spent a further £330,000 building the house . Award winning: The house won a Royal Institute of British Architecture award in 2009 . Glass house: The glass for the numerous windows in the property cost £20,000 alone . Pricey: The wedge-shaped, timber frame property lies in an industrial cul-de-sac in Hackney where prices have rocketed by 17 per cent in the last year. The average price of a house in the borough is £500,000 . Time for a change: Mr Lee, who previously worked on Heathrow's Terminal 5, said he is selling the property so he can move on to another project . Entertaining: The five-bedroom house has a large open plan ground floor - perfect for family gatherings and parties . Acclaimed property: One of five bedrooms in the property which has been applauded for its light and airy design . Clever concept: The house has been designed without load bearing walls and is covered in glass, bringing in plenty of light . Retro: The eye-catching orange multi-purpose kitchen unit dominates the open place space on the ground floor . Walkway: A path winds around the house which was designed to be suitable for children .
market for £2.25 million. Marcus Lee bought the £70,000 and spent a further £330,000 building the 2007. Mr Lee now stands to make more than five five-bedroom house in Hackney, east . London, million - five times the amount it cost to build it . Good investment: Mr Lee bought the plot of land in Hackney for a reported £70,000 and spent