gaijingirl
Well-Known Member
I don't think I've seen any recent developments that haven't been described as "luxury"... it's meaningless.
Redevelopment at the Cooltan site on Coldharbour Lane, Brixton
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editor
hiraethified
Just as an anecdotal aside, I've only ever met one person who lives in the substantial new development directly opposite me - and that was a French band who had packed 7 of their mates into one small flat.
I wonder how many have been bought as weekday 'work flats' for out of town commuters.
I wonder how many have been bought as weekday 'work flats' for out of town commuters.
Ms Ordinary
randompointlesschemistry
Well, I'm glad there are some of those pokey conversions around, because I'd never in a million years be able to afford to live in a "family sized house" in Brixton with my family
.Though I do value Brixton for it's social mix, and would hate to see the (comparatively) wealthier families sell up & move to the suburbs.
TBH I've always assumed that any privately developed new build flat that I could afford to rent around here, would be at least as pokey, and maybe not even as good wrt sound insulation
.
boohoo
No.
One of the ladies at my ante-natal class lives there but will likely have to move as the tenancy does not include children. (A few of the new mums I've met have had to move because the landlords don't want people with kids in their accommodation)
Gramsci
Well-Known Member
As far as I know the flats are rented out not sold. There is a small percentage of the flats let at "affordable rents"- 80% of market rent. All large developments have to have a % of "affordable housing". Though on that site the developer got it reduced slightly.
gaijingirl
Well-Known Member
When I last looked into this - which admittedly was some time ago - if you had more than 14 (I might be wrong on the figure). dwellings in your new development you had to provide a social/affordable housing element. I found this out because the developer who built flats near us got round this by building two separate identical buildings with just under the required number of dwellings. Apologies if this information is not entirely accurate but it was something along those lines at the time. FWIW they also included commercial units which are still empty quite a few years on.
leanderman
Street Party: July 2
Family houses on Brixton Hill seem 'good value' at £500,000 or so.
I have just seen a three-room 500sq ft flat there (Lambert Road) for £329,000 and not even a garden or cellar.
That's £300 per sq ft for the house and £658 per sq ft for the flat
leanderman
Street Party: July 2
The maths of which, in this conversation with myself, confirms the earlier 'Brixton for young "professionals"' thesis.
They are forced to pay through the nose for tiny flats, while bigger houses are comparatively cheap because 'posh' families still shun Brixton.
They are forced to pay through the nose for tiny flats, while bigger houses are comparatively cheap because 'posh' families still shun Brixton.
quimcunx
imprimeo, lamino, distribuo
Don't know about that.
Having children doesn't make you richer than you were when you were a professional couple. Are poorer families living in family houses for £500k or are they are living in 2 or 3 bedroom flats, whether private, council or HA, whether mortgaged or rented.
When I was buying there wasn't much difference in prices between 1 and 2 bedroom flats.
Having children doesn't make you richer than you were when you were a professional couple. Are poorer families living in family houses for £500k or are they are living in 2 or 3 bedroom flats, whether private, council or HA, whether mortgaged or rented.
When I was buying there wasn't much difference in prices between 1 and 2 bedroom flats.
leanderman
Street Party: July 2
I suspect the latter, as you correctly point out.
I was just trying to point out how ridiculous the price of flats has become in Brixton.
Rushy
basically a scrotum
You need to be sure that you are comparing the price of a newly refurbed flat with the price of a newly refurbed house in similar roads. That same flat on Lambert Road sold in need of refurbishment three months ago for 205K - that's 359/sqft (based on the actual advertised floor space of 570sqft - not 500).
Not sure what house you are comparing but if it is the one half way up Leander road (only house I can see around 500K north of Elm Park) then it looks pretty shagged and not a great comparison location-wise. If you can find refurbished 1660sqft house around £500K in any of the streets from Lambert northwards you should take over from Phil Spencer!
leanderman
Street Party: July 2
true
but i'd like to see how they got to 570sq ft. i counted 500sq ft from the floor plan.
how much do you think they spent on refurbishment? (which turned a one-bed into a two)
£329000 seems a hell of a mark-up
but i'd like to see how they got to 570sq ft. i counted 500sq ft from the floor plan.
how much do you think they spent on refurbishment? (which turned a one-bed into a two)
£329000 seems a hell of a mark-up
Rushy
basically a scrotum
It needed a thorough if straightforward refurb - no idea whether they took the opportunity to rewire etc.. Guess 25K? Healthy profit if they get anywhere near asking. I wouldn't bother trying to make too much sense of the market at the moment. It appears to have gone bonkers since Jan.
leanderman
Street Party: July 2
Very healthy profit - I am in the wrong job!
Yes, the market is crazy - and all of a sudden.
But I guess it had to happen with such high prices in neighbouring areas and even in far-flung places such as Tooting.
Then there is Brixton Village, Windrush square etc.
teuchter
je suis teuchter
As an anecdotal aside, I know one person who lived in a flat in there for a while. It was rented, and a flatshare between several young-ish people. Just like the Victorian conversion flats that person lived in before and after.
Like Crispy says, we want more small-unit flats as new build, so that existing larger houses can be used in the way that best suits them instead of being split up into awkward flats.
This obsession with complaining about "Luxury" flats is stupid. We all know it's just developer-speak for bog-standard normal-spec flats. Don't we?
editor
hiraethified
That very much depends on the price.
teuchter
je suis teuchter
What has a developer labelling something as "luxury" got to do with the price?
editor
hiraethified
Because some flats sold as luxury flats actually are upmarket offerings and thus come with a price tag to match.
Pretty obvious I would have thought, but there you go.
teuchter
je suis teuchter
So you are telling us that luxury flats with an upmarket price tag, are flats with an upmarket price tag.
lefteri
Well-Known Member
a proportion of a development that size will be social housing, either shared ownership or socially rented or a mix of both - If it's a barratt development it is almost certainly jointly run with a housing association and they will have a say in what mix of affordable flats is built. Any development over 25 units or so (if memory serves) must have a percentage of affordable flats - in some cases these are built in a separate building but usually not - the percentage used to be 40% but is now less - it is set by the mayor and since Boris Johnson has been in charge it has been driven down, no doubt due to pressure from developer friends. Any privately sold newbuild flat is called luxury in the marketing blurb - I though everyone realised that, it's basically a meaningless term
Gramsci
Well-Known Member
Im a bit confused here. Is this a Barrret development? As the Planning committee meeting where this was last discussed names Places for People Group as applicant.
http://www.lambeth.gov.uk/moderngov/ieListDocuments.aspx?CId=441&MID=7151
A section106 agreement has been agreed. A Deed of Variation on 21/4/2011 between Places for People Group and Lambeth Council.
Point 12 of Deed says that developer pay for / provide following as part of agreement of application:
£30 000 for maintenance of open space
£23 500 for local environmental improvements
£6 500 for car club
£178 010 for local education
Also provision and permanent retention of affordable housing as laid down in 6.3.4 (which I cannot find. Must be an officers report somewhere).
Permanent retention of business accommodation to provide local employment.
http://www.lambeth.gov.uk/moderngov/ieListDocuments.aspx?CId=441&MID=7151
A section106 agreement has been agreed. A Deed of Variation on 21/4/2011 between Places for People Group and Lambeth Council.
Point 12 of Deed says that developer pay for / provide following as part of agreement of application:
£30 000 for maintenance of open space
£23 500 for local environmental improvements
£6 500 for car club
£178 010 for local education
Also provision and permanent retention of affordable housing as laid down in 6.3.4 (which I cannot find. Must be an officers report somewhere).
Permanent retention of business accommodation to provide local employment.
editor
hiraethified
Does that translate into "permanently empty office spaces" like the flats next door?
editor
hiraethified
There's an almighty screw pildriver at work there at the moment:
More: http://www.urban75.org/blog/brixtons-coldharbour-lane-throbs-to-the-thump-of-a-mighty-piledriver/
More: http://www.urban75.org/blog/brixtons-coldharbour-lane-throbs-to-the-thump-of-a-mighty-piledriver/
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