London house prices?
Discussion
kingston12 said:
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.
Yeah, having looked abit more at the market, the rental market seems to be 'overloaded' regarding spare rooms available either in a house share or solo so renting out a spare room or even the flat (should i get bored and want to sell/move back) could be a potential headache.Think ill just take a hit and rent somewhere to see if i like the London lifestyle or not.
Though the next question would be, and whilst its can be abit hit and miss as every area has a bad bit, where are the nicer areas of central london?
lemmingjames said:
Though the next question would be, and whilst its can be abit hit and miss as every area has a bad bit, where are the nicer areas of central london?
That is the big question!I'd actually rule out what most people would consider the best areas of central London (Mayfair, Knightsbridge etc) because you will pay silly money to rent something there even in the (relatively) poorer parts. Instead, I'd be looking at the nicer parts of the secondary areas - Borough, perhaps Holborn/Farringdon?
You need to think about where you are going to be for work/leisure and look at places that fit in with them travel-wise. You don't have to live next door to them, but a single tube journey to your most commonly visited locations would be ideal.
I think renting is a good idea to start with anyway, as you say you need to see if it works for you. I thought about moving to central London for many years, but now I have come to the conclusion that it wouldn't be for me. I work centrally and go out there socially a few times a week, but I do enjoy getting out of town at the weekends.
kingston12 said:
That is the big question!
I'd actually rule out what most people would consider the best areas of central London (Mayfair, Knightsbridge etc) because you will pay silly money to rent something there even in the (relatively) poorer parts. Instead, I'd be looking at the nicer parts of the secondary areas - Borough, perhaps Holborn/Farringdon?
You need to think about where you are going to be for work/leisure and look at places that fit in with them travel-wise. You don't have to live next door to them, but a single tube journey to your most commonly visited locations would be ideal.
I think renting is a good idea to start with anyway, as you say you need to see if it works for you. I thought about moving to central London for many years, but now I have come to the conclusion that it wouldn't be for me. I work centrally and go out there socially a few times a week, but I do enjoy getting out of town at the weekends.
Head Office is in London Bridge so im not really tempted to live nearby, would rather stay North of the River. Seen a few that have caught the eye in Holborn/Covent Garden etc. Was tempted by Mayfair/Knightsbridge/South Ken (worked on sites in those locations) but then considering around the Bank/LS/Shoreditch as well. Activity wise, im recovering from shoulder surgery so gym and the other physical activities would be put on hold until 100% so id be looking to broaden my horizons shall we say.I'd actually rule out what most people would consider the best areas of central London (Mayfair, Knightsbridge etc) because you will pay silly money to rent something there even in the (relatively) poorer parts. Instead, I'd be looking at the nicer parts of the secondary areas - Borough, perhaps Holborn/Farringdon?
You need to think about where you are going to be for work/leisure and look at places that fit in with them travel-wise. You don't have to live next door to them, but a single tube journey to your most commonly visited locations would be ideal.
I think renting is a good idea to start with anyway, as you say you need to see if it works for you. I thought about moving to central London for many years, but now I have come to the conclusion that it wouldn't be for me. I work centrally and go out there socially a few times a week, but I do enjoy getting out of town at the weekends.
What ive noticed from the flat sharing thing is that some of these flats have no communal/mixing area and so itd be back staying in halls etc.
One of the issues with the very central areas is that at the weekend they're either pretty dead (Bank) or just packed full of tourists (Cov Garden), I actually think a lot of the London lifestyle is built around what you do in the week, its great going drinking in and around town on a Thursday night as its a work crowd. Go on a Saturday night and its hen do's and grimness.
Someone just moved into this at the end of our road - it was up for1.6m. 6 beds, 2800 square feet: Zone 3 Streatham/Tulse Hill border, which is a lot cheaper than Streatham Hill, which is turn cheaper than Balham. In fact, this is the last stretch of Zone 3 where such houses are under £2m in SW postcodes.
And I'm liking the car our new neighbours have brought with them too!
And I'm liking the car our new neighbours have brought with them too!
Harry Flashman said:
That's why we bought a wreck there and renovated it!
I've started a new job in London (not like that, a real job) and part of it involves driving through various parts of the place.Only been doing it a few weeks but already looking at houses in London... Lol.
It's not something we're going to be realistically able to afford, and our dogs have a good time every day because we live in the Chilterns near High Wycombe at the minute.
Doesn't stop me looking, though!
TheLordJohn said:
CoolHands said:
As it's near Ealing, & an iconic building, silly money. I would imagine minimum 400k upwards.
Thanks. I've sent them an email requesting details/brochure.Thanks, Stuart.
CoolHands said:
I did a bit of furious googling and although the prices are not yet announced, I saw reference to 'from' 275 on one press release but frankly I think that is exceedingly unlikely (I live and work in the area)
I'd be looking to buy somewhere to let out straight away.Would that happen reasonably easily I take it?
We rent a house off the RAF with the wifes' job, and it's in a nice area.
CoolHands said:
TheLordJohn said:
CoolHands said:
As it's near Ealing, & an iconic building, silly money. I would imagine minimum 400k upwards.
Thanks. I've sent them an email requesting details/brochure.Thanks, Stuart.
kiethton said:
Only time I could see £275k is either as part of shared ownership/with help to buy or if it's for the smallest studio room overlooking the motorway...
I'd imagine you're right on both counts. I'm seeing more and more new homes advertised at the HTB price, then the full price in the text once you've clicked on it! Also, if you take into consideration how rapidly it looked s
t under the ownership of Tescos who had the night to not be forced into painting it every 5 years you can imagine that the service charge and restrictions to maintain such a building looking pretty for everyone else is going to be chunky.
In reality, anyone who pays to live on the A40 is either mental or fresh from the Southern Hemisphere where the filthy air of the A40, the endless noise and the rancid immediate area are vast improvements on where they previously were.
I'd let some other muppet get sucked into buying an enormously over-prices flat with crippling service charge in the slums. A pretty facade doesn't make the filth and noise magically disappear.
t under the ownership of Tescos who had the night to not be forced into painting it every 5 years you can imagine that the service charge and restrictions to maintain such a building looking pretty for everyone else is going to be chunky. In reality, anyone who pays to live on the A40 is either mental or fresh from the Southern Hemisphere where the filthy air of the A40, the endless noise and the rancid immediate area are vast improvements on where they previously were.
I'd let some other muppet get sucked into buying an enormously over-prices flat with crippling service charge in the slums. A pretty facade doesn't make the filth and noise magically disappear.
DonkeyApple said:
Also, if you take into consideration how rapidly it looked st under the ownership of Tescos who had the night to not be forced into painting it every 5 years you can imagine that the service charge and restrictions to maintain such a building looking pretty for everyone else is going to be chunky.
In reality, anyone who pays to live on the A40 is either mental or fresh from the Southern Hemisphere where the filthy air of the A40, the endless noise and the rancid immediate area are vast improvements on where they previously were.
I'd let some other muppet get sucked into buying an enormously over-prices flat with crippling service charge in the slums. A pretty facade doesn't make the filth and noise magically disappear.
Wot he said plus you also get authentic gridlock and road rage whilst trying to get anywhere in a car (if you're stupid)t under the ownership of Tescos who had the night to not be forced into painting it every 5 years you can imagine that the service charge and restrictions to maintain such a building looking pretty for everyone else is going to be chunky. In reality, anyone who pays to live on the A40 is either mental or fresh from the Southern Hemisphere where the filthy air of the A40, the endless noise and the rancid immediate area are vast improvements on where they previously were.
I'd let some other muppet get sucked into buying an enormously over-prices flat with crippling service charge in the slums. A pretty facade doesn't make the filth and noise magically disappear.
Harry Flashman said:
Someone just moved into this at the end of our road - it was up for1.6m. 6 beds, 2800 square feet: Zone 3 Streatham/Tulse Hill border, which is a lot cheaper than Streatham Hill, which is turn cheaper than Balham. In fact, this is the last stretch of Zone 3 where such houses are under £2m in SW postcodes.
And I'm liking the car our new neighbours have brought with them too!
On a side note, how do you get 6 meaningful bedrooms into 2800 sq ft? And I'm liking the car our new neighbours have brought with them too!
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