London house prices?
Discussion
Croutons said:
z4RRSchris said:
nice flat, its got a garden and a share of freehold which will boost the price.
Lets wait and see on the land reg to see what it went for.
That counts as a garden? fLets wait and see on the land reg to see what it went for.
k me...
okgo said:
Never knew it existed, looks fairly pleasant in there!
I live on Bonnington Square. It's a little piece of paradise hidden away, just a stones throw from Vauxhall station but a world away from the hustle and bustle of Vauxhall. Built in 1830's for railway workers, bought by the school next door in the late 70's and bricked up. Squatters moved in and got remarkably organised. They formed a housing assosciation. 80% of the houses on the square are occupied by housing assosciation tenants that have been there since the early 80's, 20% are privately owned with only two or three whole houses left, the remainder having been converted to 2 or 3 flats.
I've never hear it described as atypical, I'll take that as a good thing.
My original post (and point) was that a blanket statement that "you won't get £1100/sq ft in Vauxhall" isn't correct.
https://vimeo.com/acaciafilms/bonnington-square?re...
paralla said:
okgo said:
Never knew it existed, looks fairly pleasant in there!
I live on Bonnington Square. It's a little piece of paradise hidden away, just a stones throw from Vauxhall station but a world away from the hustle and bustle of Vauxhall. Built in 1830's for railway workers, bought by the school next door in the late 70's and bricked up. Squatters moved in and got remarkably organised. They formed a housing assosciation. 80% of the houses on the square are occupied by housing assosciation tenants that have been there since the early 80's, 20% are privately owned with only two or three whole houses left, the remainder having been converted to 2 or 3 flats.
I've never hear it described as atypical, I'll take that as a good thing.
My original post (and point) was that a blanket statement that "you won't get £1100/sq ft in Vauxhall" isn't correct.
https://vimeo.com/acaciafilms/bonnington-square?re...
For fans of Jake Arnott, Bonnington Gardens is the squat where the anti-hero lives (and is eventually shot) in "He Kills Coppers"
paralla said:
okgo said:
Never knew it existed, looks fairly pleasant in there!
I live on Bonnington Square. It's a little piece of paradise hidden away, just a stones throw from Vauxhall station but a world away from the hustle and bustle of Vauxhall. Built in 1830's for railway workers, bought by the school next door in the late 70's and bricked up. Squatters moved in and got remarkably organised. They formed a housing assosciation. 80% of the houses on the square are occupied by housing assosciation tenants that have been there since the early 80's, 20% are privately owned with only two or three whole houses left, the remainder having been converted to 2 or 3 flats.
I've never hear it described as atypical, I'll take that as a good thing.
My original post (and point) was that a blanket statement that "you won't get £1100/sq ft in Vauxhall" isn't correct.
https://vimeo.com/acaciafilms/bonnington-square?re...
Very interesting thread for me as I am looking to buy a two bedroom flat in Surbiton. As I was looking through the properties on Rightmove I started to notice the number which have been reduced which I have not noticed before. If you do a search of 2 bedroom properties up to £450k, there are 98 properties of which 35 have been reduced.
The percentage of reductions reduce as the prices get cheaper, but out of the first two pages of 48 properties, 21 had been reduced in price.
This is making me very nervous as this is purely as an investment, if I buy this property I will be putting in all my savings and taking on a large mortgage. If prices reduce then this is going to make the whole thing pointless for me.
The percentage of reductions reduce as the prices get cheaper, but out of the first two pages of 48 properties, 21 had been reduced in price.
This is making me very nervous as this is purely as an investment, if I buy this property I will be putting in all my savings and taking on a large mortgage. If prices reduce then this is going to make the whole thing pointless for me.
Joey Deacon said:
Very interesting thread for me as I am looking to buy a two bedroom flat in Surbiton. As I was looking through the properties on Rightmove I started to notice the number which have been reduced which I have not noticed before. If you do a search of 2 bedroom properties up to £450k, there are 98 properties of which 35 have been reduced.
The percentage of reductions reduce as the prices get cheaper, but out of the first two pages of 48 properties, 21 had been reduced in price.
This is making me very nervous as this is purely as an investment, if I buy this property I will be putting in all my savings and taking on a large mortgage. If prices reduce then this is going to make the whole thing pointless for me.
true The percentage of reductions reduce as the prices get cheaper, but out of the first two pages of 48 properties, 21 had been reduced in price.
This is making me very nervous as this is purely as an investment, if I buy this property I will be putting in all my savings and taking on a large mortgage. If prices reduce then this is going to make the whole thing pointless for me.
but I would price in the cost of liquidity
if u can buy what u really want now and hold for 20 years even a 20% dip wouldn't matter
but lets say prices start to move up from now and the liquidity choice goes down you'll be scrambling to get on the ladder you wanted before
all area dependent of course as I know 0 about Surbiton
I've lived in Surbiton 10 years.
The issue now with the area is that its got to a level where for not much more cash (on normal places, 3 bed houses and flats) you can go to Richmond and get the same thing and while Surbiton is pleasant, its no Richmond. I think its being limited by other expensive areas if that makes sense.
I've said it before on here, but the cottages down by the river (Westfield rd, Cleveland etc) are around 7-850k - that's not only similar to Richmond, but also lots of other nice parts of SW London, prices are cooling in Surbiton, and its not somewhere I would expect to make money. Even the bit towards Tolworth has done its jump and I doubt going much higher.
And as said, the new build on Surbiton High St has seen huge cuts, Plaza or whatever its called, they were asking 700k for 2 beds in there at one point, they're 500 or below now.
Happy to advise you on the area though, I even worked as an agent round there back in the day, and have lived in multiple places around, so know it quite well.
£450k and investing then for me, you buy two flats the other side of the A3, lots of development going on and people are being priced out of Surbiton and are having to end up in Hook/Chessington etc.
The issue now with the area is that its got to a level where for not much more cash (on normal places, 3 bed houses and flats) you can go to Richmond and get the same thing and while Surbiton is pleasant, its no Richmond. I think its being limited by other expensive areas if that makes sense.
I've said it before on here, but the cottages down by the river (Westfield rd, Cleveland etc) are around 7-850k - that's not only similar to Richmond, but also lots of other nice parts of SW London, prices are cooling in Surbiton, and its not somewhere I would expect to make money. Even the bit towards Tolworth has done its jump and I doubt going much higher.
And as said, the new build on Surbiton High St has seen huge cuts, Plaza or whatever its called, they were asking 700k for 2 beds in there at one point, they're 500 or below now.
Happy to advise you on the area though, I even worked as an agent round there back in the day, and have lived in multiple places around, so know it quite well.
£450k and investing then for me, you buy two flats the other side of the A3, lots of development going on and people are being priced out of Surbiton and are having to end up in Hook/Chessington etc.
Edited by okgo on Friday 18th November 10:19
Edited by okgo on Friday 18th November 10:23
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