London house prices?

[okgo]

It has two beds on the floorplan.

[housen]

okgo said:

It has two beds on the floorplan.

ok maybe bad example

but a 2 bed same size and price as a 1 bed same size and price will always have more buyers


simple

[scenario8]

That's a no bed flat.

Is that mortgageable in its current configuration? I'm a bit out of touch now.

Oh ignore me.

It's still a no bed flat to me!

[okgo]

housen said:

ok maybe bad example

but a 2 bed same size and price as a 1 bed same size and price will always have more buyers


simple

That isn't what you said though. You said nobody wants a 1 bed in London, which is far from true

[housen]

okgo said:

housen said:

ok maybe bad example

but a 2 bed same size and price as a 1 bed same size and price will always have more buyers


simple

That isn't what you said though. You said nobody wants a 1 bed in London, which is far from true

did I ? where ?


what I was trying to say is if u have the choice and can afford a 2 bed you will always buy one over a 1 bed

but yes first home in London im sure most will only be able to buy a 1 bed

[okgo]

housen said:

no one wants a 1 bed flat in London

[TheLordJohn]

housen said:

did I ? where ?

housen said:

no one wants a 1 bed flat in London

There you go

[housen]

okgo said:

housen said:

no one wants a 1 bed flat in London

wants no

needs yes


quote

seen 1mm gbp flat with 1 beds

they do not trade as quickly as 2 bed better laid out similar size 1 bed properties

EDIT no one wants a 1 bed flat in London IF THE HAVE 1MM TO SPEND

[fido]

housen said:

what I was trying to say is if u have the choice and can afford a 2 bed you will always buy one over a 1 bed

It depends what YOU want the second room for. My first flat - renting - was a 1.5 bedroom. I used the second room as a study - it was barely large enough for a single bed with hardly any storage space. A couple might prefer a large single room instead of this arrangement, but for rental you could cram 3 people in (1 on the settee) ..

[okgo]

housen said:

wants no

needs yes


quote

seen 1mm gbp flat with 1 beds

they do not trade as quickly as 2 bed better laid out similar size 1 bed properties

EDIT no one wants a 1 bed flat in London IF THE HAVE 1MM TO SPEND

Drivel.

Bye.

[TheLordJohn]

housen said:

wants no

needs yes

Ever thought about politics...?

[DonkeyApple]

housen said:

wants no

needs yes


quote

seen 1mm gbp flat with 1 beds

they do not trade as quickly as 2 bed better laid out similar size 1 bed properties

EDIT no one wants a 1 bed flat in London IF THE HAVE 1MM TO SPEND

I'd tend to agree with your first point from the perspective of a typical buyer. But the London property market is so competitive that almost any 1 bed property with enough space will have been converted into a two bed in almost all cases. It's still one of the quickest ways for a simple developer to make a rapid scalp.

Re the >1m 1 bed market that really is targeted at overseas money or very prime buildings. So not your typical worker/resident market but definitely a market in prime areas. Somewhere like 1 Hyde Park had a number of singles starting at 6m.

But I agree that from the perspective of a normal buyer it would be logical to assume that they would opt for smaller rooms but two beds over the same floor space but one bed.

[Adam B]

I bedroom flat in London

£6M

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

but no floorplan so cannot confirm thunderbox location

[AstonZagato]

battered said:

Best I saw was a 3 bed town house. Master BR with ensuite. OK. BR2 with ES. Erm... Family bathroom beside BR3. Downstairs bog. So 4 crappers in a 3 bed house! Unless there is an outbreak of dysentery, when will you ever need them?

My seven bedroom house had 12 loos. We are down to 11 now.

[Croutons]

Foxtons revenue down. Many a tear shed I'll bet.

http://www.telegraph.co.uk/business/2017/05/17/fox...

[MrBarry123]

Adam B said:

I bedroom flat in London

£6M

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

but no floorplan so cannot confirm thunderbox location

I'm pretty sure that complex is next to the Baglioni Hotel. Speaking with the concierge when we last stayed, evidently a [very wealthy] bloke purchased the two top flats in that block and converted them into a single residence. LOL.

[p1stonhead]

MrBarry123 said:

Adam B said:

I bedroom flat in London

£6M

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

but no floorplan so cannot confirm thunderbox location

I'm pretty sure that complex is next to the Baglioni Hotel. Speaking with the concierge when we last stayed, evidently a [very wealthy] bloke purchased the two top flats in that block and converted them into a single residence. LOL.

Chump change to a lot of people. One of the penthouses at 'One Hyde Park' was sold for £140m unfinished shell and core. The fit out is starting soon and is another level of indulgence to even ultra high end IMO.

Makes the other penthouses look like council flats

Edited by p1stonhead on Wednesday 17th May 17:55

[hyphen]

Croutons said:

Foxtons revenue down. Many a tear shed I'll bet.

http://www.telegraph.co.uk/business/2017/05/17/fox...

That is a very big drop:

"Foxtons added that revenues from property sales commissions had fallen from £20m to £11.1m"

[battered]

p1stonhead said:

Chump change to a lot of people

The kind of people who arrive at Heathrow with 3 suitcases full of banknotes, I imagine, and similar sums of money in an overseas account that they have an urgent need to empty.

[Burwood]

battered said:

p1stonhead said:

Chump change to a lot of people

The kind of people who arrive at Heathrow with 3 suitcases full of banknotes, I imagine, and similar sums of money in an overseas account that they have an urgent need to empty.

In the 80's maybe. Not now.