London house prices?

[kingston12]

lemmingjames said:

Hello,

So the long story short is:

• Currently reside in North Hertfordshire but have been bored/restless now for a little while,
• London is calling but itd have to be zone 1/2 or within 30 minutes of central london otherwise i might as well just stay where i am as i can get to kings cross in 30 and uber home after a night out
• Moving to another town in a Home County doesnt currently appeal as i have no dependents currently and therefore no need to worry about schools etc.
• Im looking at the 500k max market + fees
• Looking for a property with gated and secure car parking
• Thinking of moving in the Summer

Ive read back the past few pages regarding the property market and have seen that the property market has stagnated where i live - normally houses would sell really quickly but now things are sticking around more/longer, is this the same for the market in Zone 1 or just outside it or do things still sell quite quickly?

Or once Article 50 is triggered, are we expecting to see more properties on the market and prices come down?

Another option is just to rent somewhere in central and keep the herts place as the weekend 'retreat'/keep the cars there and figure out if i like the london lifestyle or not but then i think if ive got the money for renting, might as well buy (then rent out after)

First world problems i know

What type of place do you want? Price is the problem. I am out in zone 6 and you'll struggle to get a decent 2 bed flat here for £500k. It's a nice enough area, but it isn't 'real' London even if it has a quick commute to the centre.

Most of the outer zones are cheaper than that of course, but a lot of them might take you longer on the train to get back at night than where you currently are.

I am sure there are places where you could get a reasonable sized flat for £500k in zone 1/2, but they might be pretty poor areas unfortunately.

Most the best parts of central London are really for the rich now, at least in terms of buying. Rental is much more reasonable if you are prepared to give that a go. If you keep your Herts place as well, you shouldn't end up much worse off.

[lemmingjames]

kingston12 said:

What type of place do you want? Price is the problem. I am out in zone 6 and you'll struggle to get a decent 2 bed flat here for £500k. It's a nice enough area, but it isn't 'real' London even if it has a quick commute to the centre.

Most of the outer zones are cheaper than that of course, but a lot of them might take you longer on the train to get back at night than where you currently are.

I am sure there are places where you could get a reasonable sized flat for £500k in zone 1/2, but they might be pretty poor areas unfortunately.

Most the best parts of central London are really for the rich now, at least in terms of buying. Rental is much more reasonable if you are prepared to give that a go. If you keep your Herts place as well, you shouldn't end up much worse off.

Oh i know itd be a flat and type would probably be a non-council estate type flat. Seen a few 'period' properties i like the look of,
1 Bed Tower Bridge Bermondsey side
http://www.rightmove.co.uk/property-for-sale/prope...

2 Bed Tower Bridge Wapping
http://www.rightmove.co.uk/property-for-sale/prope...

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

And theres a few more that have caught my eye but cant find now, the 2 bed would be potentially quite good as could rent a room out etc but after living 10 years 'alone' might be quite hard to adjust

[okgo]

London Bridge area tends to offer some value in terms of how central it is vs what you get. And there are plenty of good places to go out around there down Bermondsy St etc, not sure the same could be said of Wapping really. And Vauxhall is fine if you like Class A's and are into trying new things sexually but not sure its going to suit everyone Biased maybe as I really like Bermondsey St, it has a few good pubs and places to eat (Casse Croute is a must visit).

[paralla]

It's possible to rent a secure garage from the Council. It's not easy (waitlist) but it is possible.

If you are looking around £500K centrally you are looking South of the river. renting a garage close by will open up a lot more potential properties.

Lambeth do them.
http://love.lambeth.gov.uk/secure-garages/

[princeperch]

lemmingjames said:

kingston12 said:

What type of place do you want? Price is the problem. I am out in zone 6 and you'll struggle to get a decent 2 bed flat here for £500k. It's a nice enough area, but it isn't 'real' London even if it has a quick commute to the centre.

Most of the outer zones are cheaper than that of course, but a lot of them might take you longer on the train to get back at night than where you currently are.

I am sure there are places where you could get a reasonable sized flat for £500k in zone 1/2, but they might be pretty poor areas unfortunately.

Most the best parts of central London are really for the rich now, at least in terms of buying. Rental is much more reasonable if you are prepared to give that a go. If you keep your Herts place as well, you shouldn't end up much worse off.

Oh i know itd be a flat and type would probably be a non-council estate type flat. Seen a few 'period' properties i like the look of,
1 Bed Tower Bridge Bermondsey side
http://www.rightmove.co.uk/property-for-sale/prope...

2 Bed Tower Bridge Wapping
http://www.rightmove.co.uk/property-for-sale/prope...

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

And theres a few more that have caught my eye but cant find now, the 2 bed would be potentially quite good as could rent a room out etc but after living 10 years 'alone' might be quite hard to adjust

to be fair - all of those places are very good value imo. although beware the service charge on warehouse properties around the water generally. my mate used to live in new crane wharf in wapping and the service charge was eye watering.

if you can get something with a service charge of 2k or so, a decent lease of about 90 something years and they aren't about to redo the roof or internals - you cant go far wrong at that sort of money imo.

[EJH]

lemmingjames said:

Hello,

So the long story short is:

• Currently reside in North Hertfordshire but have been bored/restless now for a little while,
• London is calling but itd have to be zone 1/2 or within 30 minutes of central london otherwise i might as well just stay where i am as i can get to kings cross in 30 and uber home after a night out
• Moving to another town in a Home County doesnt currently appeal as i have no dependents currently and therefore no need to worry about schools etc.
• Im looking at the 500k max market + fees
• Looking for a property with gated and secure car parking
• Thinking of moving in the Summer

Ive read back the past few pages regarding the property market and have seen that the property market has stagnated where i live - normally houses would sell really quickly but now things are sticking around more/longer, is this the same for the market in Zone 1 or just outside it or do things still sell quite quickly?

Or once Article 50 is triggered, are we expecting to see more properties on the market and prices come down?

Another option is just to rent somewhere in central and keep the herts place as the weekend 'retreat'/keep the cars there and figure out if i like the london lifestyle or not but then i think if ive got the money for renting, might as well buy (then rent out after)

First world problems i know

Have a look at Millennium Quay (SE8 3ER). Late 1990s, good development and very well managed. Your budget should buy a 2 bed with underground car parking (also outside unallocated spaces, in addition) and, with a little more, a river view.

Lots of other new developments in the area but most are much smaller / don't have parking / haven't hit service charge maturity as yet.

I used to live there and liked it very much. DLR is a 5 minute walk (as are 2 overground stations) and good bus connections to Canada Water / North Greenwich for the Jubilee Line.

[Shaoxter]

EJH said:

Have a look at Millennium Quay (SE8 3ER). Late 1990s, good development and very well managed. Your budget should buy a 2 bed with underground car parking (also outside unallocated spaces, in addition) and, with a little more, a river view.

Interesting how you sold that as "Millennium Quay" and not Deptford

[anonymous-user]

"vet your tenants and you should be fine"

We had a copper as a tenant. Got a phone call from our agent one morning to say the door had been kicked in - by a different branch of the cops.

Nightmare from start to finish - thanks God we had an agent to help fix it all

also had a teacher, who decided not to pay rent for two months because "christmas was a bit expensive"

[EJH]

Shaoxter said:

Interesting how you sold that as "Millennium Quay" and not Deptford

It's actually Greenwich...just... It's the bit of Deptford within Greenwich. I differentiated on location as there are lots of developments in that area, some of which I prefer to others

[Cheburator mk2]

EJH said:

It's actually Greenwich...just... It's the bit of Deptford within Greenwich. I differentiated on location as there are lots of developments in that area, some of which I prefer to others

No, it is not Greenwich - I remember when Goldsmith's College Hall of Residence and The Hoy were the only signs of civilization amongst the scrap yards owned by a funny Irishman. It has always been Deptford - Greenwich is SE10.

But yes, the development is rather nice and these days the walk into Greenwich is rather pleasant, unlike back in 1996...

[Croutons]

Cheburator mk2 said:

No, it is not Greenwich - I remember when Goldsmith's College Hall of Residence and The Hoy were the only signs of civilization amongst the scrap yards owned by a funnynow exceptionally rich Irishman. It has always been Deptford - Greenwich is SE10.

But yes, the development is rather nice and these days the walk into Greenwich is rather pleasant, unlike back in 1996...

EFA.

[Cheburator mk2]

Croutons said:

Cheburator mk2 said:

No, it is not Greenwich - I remember when Goldsmith's College Hall of Residence and The Hoy were the only signs of civilization amongst the scrap yards owned by a funnynow exceptionally rich Irishman. It has always been Deptford - Greenwich is SE10.

But yes, the development is rather nice and these days the walk into Greenwich is rather pleasant, unlike back in 1996...

EFA.

Indeed... But he was funny too - if I was to believe the asking price for his Blue Triumph Stag...

[EJH]

Cheburator mk2 said:

No, it is not Greenwich - I remember when Goldsmith's College Hall of Residence and The Hoy were the only signs of civilisation amongst the scrap yards owned by a funny Irishman. It has always been Deptford - Greenwich is SE10.

But yes, the development is rather nice and these days the walk into Greenwich is rather pleasant, unlike back in 1996...

I'll clarify; It's both Greenwich and Deptford. Greenwich starts by the halls of residence and thus the council tax is Greenwich (which is good as it's rather cheaper than Lewisham's). It's also SE8 and thus, postally, Deptford.

I didn't know it in 1996 but can clarify that the last 10 years (especially the 5-6) have seen great changes; 5 years ago one ran down Deptford High St at night; now one feels rather safer. That said, some of the chunky new developments going in are quite devoid of space or character but I suppose t'was ever thus.

[untakenname]

I was in Deptford last month at a Pub (White Hart) for a friends birthday and saw people running for their lives (being chased) whilst I was out the front having a smoke outside.

Also took these pics on the way home as was drunk and noticed people were trying to break into an estate agents on the way to the pub even though it was quite early on a Saturday, never seen anything like it before.

[EJH]

untakenname said:

I was in Deptford last month at a Pub (White Hart) for a friends birthday and saw people running for their lives (being chased) whilst I was out the front having a smoke outside.

Also took these pics on the way home as was drunk and noticed people were trying to break into an estate agents on the way to the pub even though it was quite early on a Saturday, never seen anything like it before.

I think (and will cheerfully admit I'm not *quite* sure) that's more New Cross way...and, if that's the case, it can feel a little sketchier towards that end!

[battered]

I visited a girlfriend in New Cross about 5 years ago, I can confirm that walking through Deptford was bloody grim back then even in daylight. At the time I was living in the well known bucolic paradise of Armley, Leeds LS12, so it's not as if I was a stranger to tough areas.

[okgo]

Deptford is still a total stpit.

[mgtony]

untakenname said:

Also took these pics on the way home as was drunk and noticed people were trying to break into an estate agents on the way to the pub even though it was quite early on a Saturday, never seen anything like it before.

Have you seen the prices those pictures in the window go for?

[kiethton]

mgtony said:

untakenname said:

Also took these pics on the way home as was drunk and noticed people were trying to break into an estate agents on the way to the pub even though it was quite early on a Saturday, never seen anything like it before.

Have you seen the prices those pictures in the window go for?

Judging by the focus I'm not sure the person taking the photo's could see much tbh

[TheLordJohn]

I know it's not what you lot would class as London, but does anyone have any idea what sort of prices the 1, 2 and 3 bed flat in the Hoover Building will be when completed? IDM properties, IIRC.