How far will house prices fall [volume 4]
Discussion
ou sont les biscuits said:
Can't say anything about St Margarets, but the other two I can comment on. We lived down on Broom Road (Teddington) until about six months ago.
The flat on Kingston Road. No way I'd live there. It's a main road with lots of traffic which quite often backs up to about where that flat is, especially on Thursday nights and Saturdays. Parking will be a nightmare, because the start of the controlled zone is just down the road towards Kingston. The only saving grace is that it's a stones throw from a decent pub in Wick Road. It's walking distance to both Kingston town centre and the centre of Teddington.
The house? Looks OK to me. It's a bit out of the way, and the only viable station is Strawberry Hill, which is the station on that line (runs in a circle from Waterloo back to Waterloo) with the longest commute beacause it's pretty much halfway round. You can walk to either Teddington town centre or Twickenham, both of which have some decent bars and restaurants. Garages are not all that common in that part of the world, so that's a bonus. I always liked those houses, and we did look at a few of them before we eventually bought where we did. But that was back in 1997!
Always good to get an idea, but none tick enough boxes and are still a bit juicy. However does seem there is some OK stuff available already, albeit in Richmond Upon Thames, rather than Kingston Upon ThamesThe flat on Kingston Road. No way I'd live there. It's a main road with lots of traffic which quite often backs up to about where that flat is, especially on Thursday nights and Saturdays. Parking will be a nightmare, because the start of the controlled zone is just down the road towards Kingston. The only saving grace is that it's a stones throw from a decent pub in Wick Road. It's walking distance to both Kingston town centre and the centre of Teddington.
The house? Looks OK to me. It's a bit out of the way, and the only viable station is Strawberry Hill, which is the station on that line (runs in a circle from Waterloo back to Waterloo) with the longest commute beacause it's pretty much halfway round. You can walk to either Teddington town centre or Twickenham, both of which have some decent bars and restaurants. Garages are not all that common in that part of the world, so that's a bonus. I always liked those houses, and we did look at a few of them before we eventually bought where we did. But that was back in 1997!
Oh and just street viewed the flat you mentioned... main road. Would certainly avoid that - I need somewhere I could happily park something nice'ish like a 911/Granturismo without thinking. I was even wondering if my current Zone 2 location would be OK, but the cars have got off without any marks (Touch wood), with plenty of nice motors around the locality.
Edited by V6Alfisti on Monday 18th June 19:29
V6Alfisti said:
I am not sure what your eyes on the ground are saying, but a quick scan of sold prices show quite a few teddington flats/houses for example are back to 2014/2015 or a few % off. That even surprised me!
Well, Teddington definitely seemed to have a bigger boom than the rest of the area leading up to 2015. Plenty of 2-bed terraced houses bought for £500k, given a loft conversion and a refurb and then back onto the market for £1m a couple of years later.Taken as a whole, it is definitely a better area - more solid preservation of the original houses, better town centre (although one of the two main streets is a bit run down), plenty of pub/restaurant options and not over-commercialised. Plane noise is worse, but not as bad as Richmond.
The main problem (for me) is that it is too similar to the price of more central areas with too long a commute. It takes 40 minutes to get to London from Teddington. You can get there quicker from Guildford, and you could buy a lot more for your money there (although the season ticket is punishing).
As someone mentioned earlier in the thread, it is all about individual districts and roads. I prefer the river part of Surbiton because you get a quick commute with a big Waitrose and a clutch of decent pubs and restaurants on the walk back from the station. The problem is that the prices there have more in common with a lot of Teddington than they do with most of the rest of Surbiton.
V6Alfisti said:
p1stonhead said:
I doubt they did to be honest unless they were more Tolworth / Berrylands. The area is VERY specific in pricing when it comes to different areas or even different roads.
Regarding where to look these days for your criteria - some of the lesser parts of New Malden, then into Worcester Park. £750k for 3 bed detached wont get you into Kingston these days.
My mum sold her 4 bed semi (2250sqft) in Worcester Park 18 months ago for £850k.
I drove through Worcester/Raynes Park not that long ago, it wasn't very nice from what I recall and was just a mass of non-descript housing (from what I could see, no doubt nicer parts?)Regarding where to look these days for your criteria - some of the lesser parts of New Malden, then into Worcester Park. £750k for 3 bed detached wont get you into Kingston these days.
My mum sold her 4 bed semi (2250sqft) in Worcester Park 18 months ago for £850k.
Edited by p1stonhead on Monday 18th June 16:57
Raynes Park - where did you drive as it isn't bad, the town can't support a large centre as it is a stone throw from Wimbledon town/village. People buying in Raynes Park fall into the 'wanted a bit more house for my money' hence chose over the pricier Wimbledon, but lots of large detached in the north part, Station has lots of trains.
New Malden has more of its own identity, and a nice farmers market on high street. Will get you more for your money, but decent renovated period terraces in school catchments are £650k or so.
Comes down to your situation, if you are at the raising kids stage, then for your money you can buy a nice, but smaller, house in a nice 'family' area like New Malden and they will be happy enough. If just you then a 3/4 bed detached will be easier on your budget.
Edited by hyphen on Monday 18th June 20:21
princeperch said:
the docklands also seems to be giving fairer value last few months
stuff like this http://www.rightmove.co.uk/property-for-sale/prope... would have easily have been 600k plus 2 years ago..fair enough its not the best bit of the docklands but its v close to the wharf, has a private parking space and at just under 1200 sq ft? the only catch would be a 7k service charge which I suspect it might be hiding..
Docklands prices are still absolutely nuts.stuff like this http://www.rightmove.co.uk/property-for-sale/prope... would have easily have been 600k plus 2 years ago..fair enough its not the best bit of the docklands but its v close to the wharf, has a private parking space and at just under 1200 sq ft? the only catch would be a 7k service charge which I suspect it might be hiding..
There is no nice victorian property like in south and SE london, or even east towards Victoria park. I don't see the appeal.
I used to rent in a high end development. But go outside the private part, and it was like being in Bangladesh. I wouldn't even walk around the local area because it's full of council scrots that behave like animals.
I bought in SE London and have a new problem with the local gangbangers. Windows down, playing awful rap music with the bass maxed to 1500%. Im surprised nobody had stolen all the expensive equipment they have in 1/5 cars.
The joys of low threshold immigration.
Jiebo said:
princeperch said:
the docklands also seems to be giving fairer value last few months
stuff like this http://www.rightmove.co.uk/property-for-sale/prope... would have easily have been 600k plus 2 years ago..fair enough its not the best bit of the docklands but its v close to the wharf, has a private parking space and at just under 1200 sq ft? the only catch would be a 7k service charge which I suspect it might be hiding..
Docklands prices are still absolutely nuts.stuff like this http://www.rightmove.co.uk/property-for-sale/prope... would have easily have been 600k plus 2 years ago..fair enough its not the best bit of the docklands but its v close to the wharf, has a private parking space and at just under 1200 sq ft? the only catch would be a 7k service charge which I suspect it might be hiding..
There is no nice victorian property like in south and SE london, or even east towards Victoria park. I don't see the appeal.
I used to rent in a high end development. But go outside the private part, and it was like being in Bangladesh. I wouldn't even walk around the local area because it's full of council scrots that behave like animals.
I bought in SE London and have a new problem with the local gangbangers. Windows down, playing awful rap music with the bass maxed to 1500%. Im surprised nobody had stolen all the expensive equipment they have in 1/5 cars.
The joys of low threshold immigration.
How long ago were you there? has it changed.
anonymous said:
[redacted]
Not bothered with PH for a while. Still not found “the one”? Sold your partner’s Bristol flat?
My favourite house seller site...sod Zoopla & Rightmove...
https://www.themodernhouse.com/sales-list/
https://www.themodernhouse.com/sales-list/
scenario8 said:
I accept it’s proven nigh on every day that I have no understanding of Surrey property value but that doesn’t seem bad value at or around that sticker price, tonker. Am I wrong, again? Sure, it’s not how I’d spunk a two-large allocation from my fictitious lottery win but still...
Not bothered with PH for a while. Still not found “the one”? Sold your partner’s Bristol flat?
That house is great if you have kids at the 2 schools in the village but traffic noise is pretty wearing. The road it is on is at a standstill almost all day everyday, especially if the M25 is backed up. Not bothered with PH for a while. Still not found “the one”? Sold your partner’s Bristol flat?
If we were talking £525k for living north of Commercial Road then I'd expect to be the one getting the money, not the other way round! That place does have an excellent view for all the low level crime on the canal footpaths, though. And if you get bored of that there's a good chance of an all-night party going on at ear-splitting volume somewhere in one of the low-rise '60s blocks just across the road.
Mind you, I wouldn't buy in the nicer bit around the basin either. Rent yes, but that's a different life stage with different requirements. It's convenient for lots of thing but really a bit of a dormitory itself - I swear Limehouse always has about a zillion joggers circulating it because once the Grapes fills up there's bugger all else to do there than go for a jog.
Plus I've spent some time in several of the blocks around there and the build quality of all of them was shocking: walls between flats that may as well be made of soggy cardboard for all the isolation and sound deadening they provide, regular plumbing and electrical faults, damp problems that'd put a basement conversion to shame, and entryphone systems that only a gambler or someone who seriously hates visitors could love. Fine if it's someone else's problem but I wouldn't want the liability for all of the things that are slowly falling apart only 20 years after they were built. Berglen Court/Medland House are the least awful on that front but you'll get to enjoy the nightly symphony of car horns from people who seem to get inexplicably angry about the Rotherhithe Tunnel. (Except the odd day when they close it and test the fire alarm instead.)
Mind you, I wouldn't buy in the nicer bit around the basin either. Rent yes, but that's a different life stage with different requirements. It's convenient for lots of thing but really a bit of a dormitory itself - I swear Limehouse always has about a zillion joggers circulating it because once the Grapes fills up there's bugger all else to do there than go for a jog.
Plus I've spent some time in several of the blocks around there and the build quality of all of them was shocking: walls between flats that may as well be made of soggy cardboard for all the isolation and sound deadening they provide, regular plumbing and electrical faults, damp problems that'd put a basement conversion to shame, and entryphone systems that only a gambler or someone who seriously hates visitors could love. Fine if it's someone else's problem but I wouldn't want the liability for all of the things that are slowly falling apart only 20 years after they were built. Berglen Court/Medland House are the least awful on that front but you'll get to enjoy the nightly symphony of car horns from people who seem to get inexplicably angry about the Rotherhithe Tunnel. (Except the odd day when they close it and test the fire alarm instead.)
Great read of the Kingston/Surbiton advice; I'm thinking of a move in that area.
Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
Also, I own a BTL but the above would be the primary home. If I own a BTL and sell my primary home to buy another primary home, do I have to pay the stamp duty surcharge?
Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
Also, I own a BTL but the above would be the primary home. If I own a BTL and sell my primary home to buy another primary home, do I have to pay the stamp duty surcharge?
DurianIceCream said:
Also, I own a BTL but the above would be the primary home. If I own a BTL and sell my primary home to buy another primary home, do I have to pay the stamp duty surcharge?
Good to see yet another highly competent and well informed LL who is fully conversant with their legal and financial obligations and doesn't have to rely on asking strangers on the internet even the most basic of queries.DurianIceCream said:
Great read of the Kingston/Surbiton advice; I'm thinking of a move in that area.
Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
A lot depends on your other priorities. As I mentioned above, you’ll only get that in the less desirable areas of Kingston or Surbiton at the moment.Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
If the commute is the main priority, you’d get something much better around Woking for that type of money. It’s less than 10 minutes slower into Waterloo from there than it is from Surbiton and actually faster than from Kingston. You’ll pay a lot more for the season ticket though.
I don’t know the area that well, and I would have thought there are parts of it to avoid, but your budget should start getting you into the better parts anyway.
If you are prepared to look outside of the SW corridor, then Sevenoaks has the best commute as it is 25 mins into London Bridge, but also with direct links to a lot of the other London terminals.
It is a much nicer town as well, the Surrey equivalent would probably be Weybridge rather than Woking, but at lower prices. Nicer countryside in opinion as well.
SomethIng like this:
http://www.rightmove.co.uk/property-for-sale/prope...
Edited by kingston12 on Tuesday 19th June 09:17
kingston12 said:
DurianIceCream said:
Great read of the Kingston/Surbiton advice; I'm thinking of a move in that area.
Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
A lot depends on your other priorities. As I mentioned above, you’ll only get that in the less desirable areas of Kingston or Surbiton at the moment.Can anybody come up with other areas I should be looking at? Requirements are:
- In the south-west of London, but could also be outside M25 if there is a reasonable train into London
- About £800,000
- 130sq or more metres internal
- Parking; would prefer off street parking but street ok as long as it easy street parking
- back garden; terraced is ok
If the commute is the main priority, you’d get something much better around Woking for that type of money. It’s less than 10 minutes slower into Waterloo from there than it is from Surbiton and actually faster than from Kingston. You’ll pay a lot more for the season ticket though.
I don’t know the area that we’ll, and I would have thought there are parts of it to avoid, but your budget should start getting you into the better parts anyway.
If you are prepared to look outside of the SW corridor, then Sevenoaks has the best commute as it is 25 mins into London Brodge, but also with direct links to a lot of the other London terminals.
It is a much nicer town as well, the Surrey equivalent would probably be Weybridge rather than Woking, but at lower prices. Nicer countryside in opinion as well.
SomethIng like this:
http://www.rightmove.co.uk/property-for-sale/prope...
http://www.rightmove.co.uk/property-for-sale/prope...
http://www.rightmove.co.uk/property-for-sale/prope...
http://www.rightmove.co.uk/property-for-sale/prope...
Train from Redhill to London Bridge or Victoria is 29 mins. Train every 15 mins or so.
Edit - I normally get a pre-6am train so dont experience the busy periods and I only do it occasionally.
Edited by p1stonhead on Tuesday 19th June 09:40
anonymous said:
[redacted]
Definitely, the rest of Kent is completely different from Sevenoaks. Not to say there aren't other nice towns like Tunbridge Wells or Canterbury, but I wouldn't fancy commuting from either of those.I think it is very popular with the out of London brigade, but as you say, the fact it stands on it's own in that regard means you are going to stay in close proximity to less of your original London friends if you move there. I guess most people just build social circles around schools etc.
That said, I have friends there and it usually takes no more than 40 minutes to drive there (from Surbiton), and it can sometimes take me that to drive down and see other friends in Guildford! Train is a complete faff, but then it always is unless you are on the same line. If I want to go anywhere that is off of the SW mainline, then it is into London (or at least Clapham Junction) and back out again. The system is built of commuting and not much else.
From what I can see the appeal of Sevenoaks is slightly different - better state schools in general, cheaper house prices, slightly less suburban feel, but you do lose some of the social side and the other accoutrements of living in the equivalent part of Surrey. A good fit for some I'd imagine, though.
Edited by kingston12 on Tuesday 19th June 10:11
The latest Acadata report is out..
London down 0.3% on average, boosted greatly by new builds "where new build flats sold at an average premium of almost
a third (32.3%). They also made up a substantial proportion of sales of all flats, accounting for more than a quarter (26.4%)"
Yikes that is an interesting stat.
Latest heat map for London
London down 0.3% on average, boosted greatly by new builds "where new build flats sold at an average premium of almost
a third (32.3%). They also made up a substantial proportion of sales of all flats, accounting for more than a quarter (26.4%)"
Yikes that is an interesting stat.
Latest heat map for London
V6Alfisti said:
The latest Acadata report is out..
London down 0.3% on average, boosted greatly by new builds "where new build flats sold at an average premium of almost
a third (32.3%). They also made up a substantial proportion of sales of all flats, accounting for more than a quarter (26.4%)"
Yikes that is an interesting stat.
Latest heat map for London
Surprisingly lots of areas with fairly large increases there. London down 0.3% on average, boosted greatly by new builds "where new build flats sold at an average premium of almost
a third (32.3%). They also made up a substantial proportion of sales of all flats, accounting for more than a quarter (26.4%)"
Yikes that is an interesting stat.
Latest heat map for London
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