Show us your real estate pawn (vol 2)

Show us your real estate pawn (vol 2)

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brickwall

5,192 posts

209 months

Saturday 18th February 2017
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Harry Flashman said:
It needs some rugs, colour and furnishings, but I like the look.

Rugs definitely - wooden floors are a pain in these houses as they make so much noise. But I do like the house.

With you on pricing. £2m is damned expensive for the area. But given that the same sized (3500 square feet - it's huge for a London house) Victorian detached house in West Dulwich or Clapham is £4m+, and £3m+ in Balham, they're chancing it. Next door Streatham has plenty of houses at £2m, but whilst big, they tend to be semi-detached.

I love period houses, despite the fact that they are a complete pain to renovate and run.

Edited by Harry Flashman on Friday 17th February 13:03
£2m for Tulse Hill really is a lot. They're obviously chancing it - no question it'd go very quickly at £1.5m; I reckon it'll end up going £1.8-1.9ish.

As someone who grew up in a 3,500 sq ft house in SE21, it is rather painful to think how successful I will need to be in order to provide that kind of accommodation for my children.

h0b0

7,559 posts

195 months

Sunday 19th February 2017
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brickwall

5,192 posts

209 months

Sunday 19th February 2017
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h0b0 said:
About the same as the annual running costs then!

ooid

4,049 posts

99 months

Sunday 19th February 2017
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Time to hit another modern beauty from Malibu here than! hehe



Price: $9,000,000 (Including a Rolls Royce valued at $150,000)

laugh

http://www.themalibulife.com/properties/malibu-mos...

kowalski655

14,599 posts

142 months

Sunday 19th February 2017
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Looks like a machine gun bunker on Omaha beach!
Is Tom Hanks just down the hill with a grenade?

ooid

4,049 posts

99 months

Sunday 19th February 2017
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kowalski655 said:
Looks like a machine gun bunker on Omaha beach!
Is Tom Hanks just down the hill with a grenade?
No, just hitting his morning cardio with Arnie

laugh

FourWheelDrift

88,382 posts

283 months

Sunday 19th February 2017
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The 5,000 acre Guinness family estate near Dublin, Ireland - £23.8m

http://www.sothebysrealty.com/eng/sales/detail/180...


Pesty

42,655 posts

255 months

Sunday 19th February 2017
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brickwall said:
no question it'd go very quickly
Only 24 hours from Tulse hill



I'll get my coat.

Harry Flashman

19,283 posts

241 months

Monday 20th February 2017
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h0b0 said:
Harry Flashman said:
I like this house just round the corner from us.

Pricey, but I've lived in the area for 12 years, so still think stuff should cost half what it does. Our house is a 1930s one, and semi-detached. The Victorian's Edwardians on the road seem to command a 20% premium over the 30's stuff.

Overpriced for sure - as discussed elsewhere, this segment of the property market has been hard hit by the top end stamp duty.

If they knock £600k off it, I'd quite like it. I like what they have done inside, and these houses are very pretty when you see them. Only problem is that the road it's on is a bit of a cut-through for traffic.

https://www.onthemarket.com/details/2820735/
My mother used to say she hated wood floors because when she was a child it meant you could not afford carpet. I thought she was crazy until I saw that house.
I actually like painted wood floors (although I prefer natural) needs some carpet though.

However, decor aside, I like that house for space and location.

I actually walk past it every day and had a proper nose whilst it was light at the weekend - I have to say the exterior needs work. The brick needs cleaning, the gutters replacing, and it could use some repointing. Makes me wonder if it is all a nice-ish internal refurb, but that teh regular maintenance that big Victorian houses need has been ignored. If so, it could be hiding some pricey issues...

Harry Flashman

19,283 posts

241 months

Monday 20th February 2017
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brickwall said:
[

As someone who grew up in a 3,500 sq ft house in SE21, it is rather painful to think how successful I will need to be in order to provide that kind of accommodation for my children.
Many millions now.


That Wentworth House, owned the crook from the Hatton job: my Mum knows it and apparently in the local gossip circles everyone thought that the owner was a criminal! There's another massive gin palace on her road that reads dodgy too (late night comings and goings, lots of vans, ridiculous levels of security etc)

Wentworth is a funny place. I grew up there - my parents bought their house there many years ago. No real sense of community (not even a local pub worth the name), lots of gates, and clearly lots of very dodgy money sitting in empty houses.

I hated it as a teenager. Getting my driving licence was like getting out of jail.

Edited by Harry Flashman on Monday 20th February 12:42

Doofus

25,732 posts

172 months

Monday 20th February 2017
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I knew someone who lived on Wentworth course. In the drawing room they had about half a dozen photos of Bruce Forsyth holding a golf ball.

Apparently, every time he hit one into their garden, they made him have his photo taken before he was allowed to have it back.

gibbon

2,182 posts

206 months

Monday 20th February 2017
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Legend83 said:
We holidayed in Norfolk for the first time last summer and fell for the place. Specifically we stayed near Aylsham and driving home had the usual dream chat of selling up, moving and me getting a job and commuting to Norwich.

I reckon we could sell our 3-bed semi in Hertfordshire, add a small bit to the mortgage and bag something like this:

http://www.rightmove.co.uk/property-for-sale/prope...
Lovely property.

Im convinced Norfolk, well, the nice bits, will be seriously in demand over the coming 10 years or so. I'm slowly starting to look for a property there myself.

TheLordJohn

5,746 posts

145 months

Monday 20th February 2017
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Slightly off topic, but I'm just wondering what on Earth you lot do here in the South East to be able to afford the house prices?
Just around the corner in Walters Ash, High Wycombe there's a 4 bed detached bungalow sat on 1/3 of an acre with a triple garage of sorts; just gone for £700k.
How is a house at that price even remotely achievable for two 'normal' working folk?

Really not a healthy state at the minute. Just wonder if it's ever going to end or do people just jump on the merry go round, pay whatever it takes and pray it doesn't stop...?

NomduJour

18,988 posts

258 months

Monday 20th February 2017
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If it wasn't achievable, they wouldn't be as expensive.

Vroom101

828 posts

132 months

Tuesday 21st February 2017
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NomduJour said:
If it wasn't achievable, they wouldn't be as expensive.
I just don't get this. There must be some seriously well paid folk around or the banks are lending silly money again.

I live in the south east, and bought my house in 2007 at the height of the boom before the last crash. Looking at similar properties for sale, it would seem that my house is now worth about 40% more than what I paid for it. That's just ridiculous. I don't know what salary multiples the banks lend at nowadays, but I'm not sure I could afford to buy my own house again!

p1stonhead

25,489 posts

166 months

Tuesday 21st February 2017
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TheLordJohn said:
Slightly off topic, but I'm just wondering what on Earth you lot do here in the South East to be able to afford the house prices?
Just around the corner in Walters Ash, High Wycombe there's a 4 bed detached bungalow sat on 1/3 of an acre with a triple garage of sorts; just gone for £700k.
How is a house at that price even remotely achievable for two 'normal' working folk?

Really not a healthy state at the minute. Just wonder if it's ever going to end or do people just jump on the merry go round, pay whatever it takes and pray it doesn't stop...?
Banks lend at 5x combined salary. Two people on say £120k combined can therefore borrow £600k. Add in some equity from a few property rises and you're easily at £750k in many cases.

Not sure many people would want a £600k mortgage however. But scale it back slightly and a £600-700k property is easily possible with a fair chunk of equity.

Edited by p1stonhead on Tuesday 21st February 06:34

TheLordJohn

5,746 posts

145 months

Tuesday 21st February 2017
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p1stonhead said:
Banks lend at 5x combined salary. Two people on say £120k combined can therefore borrow £600k. Add in some equity from a few property rises and you're easily at £750k in many cases.

Not sure many people would want a £600k mortgage however. But scale it back slightly and a £600-700k property is easily possible with a fair chunk of equity.

Edited by p1stonhead on Tuesday 21st February 06:34
I hope they do lend at 5 x as we already have a mortgage (relatively small, less than twice combined) on another house up North, so if we have a hope in hell of buying here, they're going to have to be fairly liberal with the amount they'll lend out (which they probably won't be).

Pesty

42,655 posts

255 months

louiebaby

10,651 posts

190 months

Wednesday 22nd February 2017
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Pesty said:
That would work. Doesn't seem to have a helicopter pad, unless I'm mistaken, which could limit it's appeal.

dmsims

6,452 posts

266 months

Wednesday 22nd February 2017
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louiebaby said:
Pesty said:
That would work. Doesn't seem to have a helicopter pad, unless I'm mistaken, which could limit it's appeal.
The Lake is public ?
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