Say hello to Barratt Homes' 'Brixton Square' on Coldharbour Lane (old Cooltan site)

[ViolentPanda]

Mom lovs me.

I don't know how to break it to you, but she loves anyone with enough brass in their pocket...

 

[teuchter]

I don't know how to break it to you, but she loves anyone with enough brass in their pocket...

Not funny enough to compensate for the inherent sexism, I'm afraid.

 

[Rushy]

Not funny enough to compensate for the inherent sexism, I'm afraid.

Curse you teuchter. Kind of you to step in and defend my Mum but by replying you inadvertently reminded me that I have VP on ignore. And why.

 

[editor]

A one bedroom flat is selling for £400,000 and it's being targeted at Buy to Let landlords:

Guide price £400, 000 - £420, 000 Landlords you are not dreaming; this beautiful apartment will make your tenants' commute a dream. This new development from 2013 will place you within walking distance from the excellent transport links at Brixton tube; and with Brixton Village with its' indoor and outdoor markets almost directly adjacent to the development; you will enjoy a multitude of dining, shopping, and entertainment options. A high quality finish throughout the apartment will satisfy the most demanding of tastes, and the luxury fitted kitchen and bathroom are the icing on the cake. Being an investor, you will benefit from a rental income of £1410 pcm, with the current tenancy agreement is due to expire on the 27/06/2015 (confirmation of this will need to be undertaken via your legal advisers).
Read more at http://www.zoopla.co.uk/for-sale/details/34303660#DKxU4sXqqW7AZFri.99

 

[Dan U]

When people ask me why I moved out of South London there's the answer.

Same rental as I pay for my 3 bed house just the other side of the m25

Crazy.

 

[editor]

It's deceptively massive, and all the more shameful for having such a tiny. developer-reduced provision of "affordable" housing. Barratts must have made a fucking mint out of this development as did - no doubt - several Buy To Letters.

 

[CH1]

It's deceptively massive, and all the more shameful for having such a tiny. developer-reduced provision of "affordable" housing. Barratts must have made a fucking mint out of this development as did - no doubt - several Buy To Letters.
View attachment 69222

I still hate the gates.

 

[Mr Bim of Bar]

 

[editor]

View attachment 75512

Looks like it's been a nice little earner for some then.

 

[Ms T]

£650K

 

[Belushi]

looks like Mr Bim of Bar has made a killing

 

[editor]

AFAIK, I still haven't met anyone who lives there.

 

[Manter]

I still think they're really ugly. Which I know isn't the point....

 

[Mr Bim of Bar]

looks like Mr Bim of Bar has made a killing

Same old story, you only make a killing if you sell, I met a guy who bought four of these apartments, he's raking in £1950 a month on each, he bought in phase one for £280,000 each, that's over a million quid profit in two years.
NOW THATS A KILLING.

 

[editor]

Same old story, you only make a killing if you sell, I met a guy who bought four of these apartments, he's raking in £1950 a month on each, he bought in phase one for £280,000 each, that's over a million quid profit in two years.
NOW THATS A KILLING.

It's obscene.

 

[Mr Bim of Bar]

AFAIK, I still haven't met anyone who lives there.

Ha ha ha I've lived here 18 months and I haven't met anyone either, all young professionals, seem to keep themselves to themselves. A simple nod of the head is all you get, or a quick chat in the lift.

 

[editor]

Ha ha ha I've lived here 18 months and I haven't met anyone either, all young professionals, seem to keep themselves to themselves. A simple nod of the head is all you get, or a quick chat in the lift.

I find that really sad. One of the reasons I moved to Brixton was that it seemed to really welcome everyone and I found it easy to make a load of friends.

 

[SpamMisery]

It can be hard if you're used to having close friendships with your neighbours and that all stops, but people's social networks will be a reflection of a number of factors. I don't think either is better or worse tbh, just different.

 

[leanderman]

Ha ha ha I've lived here 18 months and I haven't met anyone either, all young professionals, seem to keep themselves to themselves. A simple nod of the head is all you get, or a quick chat in the lift.

You won't even get a nod when the owner-occupiers start using their huge gains to buy new places while letting out their Barratt flats to short-term renters

 

[leanderman]

It can be hard if you're used to having close friendships with your neighbours and that all stops, but people's social networks will be a reflection of a number of factors. I don't think either is better or worse tbh, just different.

Some people relish the possibility of anonymity that London offers

 

[Mr Bim of Bar]

You won't even get a nod when the owner-occupiers start using their huge gains to buy new places while letting out their Barratt flats to short-term renters

Yep that's a fact, next door to me moved out a month ago and I only realised he had rented it out when the short-term renters knocked on my door to say hi, so may be the opposite in fact

 

[Mr Bim of Bar]

Some people relish the possibility of anonymity that London offers

To be honest it's quite nice not to have neighbours in your pocket, Ive been in the position where I was afraid to go into my garden for fear of being collared for an hour chit chat

 

[Manter]

You won't even get a nod when the owner-occupiers start using their huge gains to buy new places while letting out their Barratt flats to short-term renters

Why not? My neighbours on both sides are renters, as are both houses diagonally opposite, and I am on nodding, chatting and even nipping round for coffee terms with all of them.

 

[teuchter]

.

 

[leanderman]

Why not? My neighbours on both sides are renters, as are both houses diagonally opposite, and I am on nodding, chatting and even nipping round for coffee terms with all of them.

Excellent. But not my experience in this street.

ETA: I meant short-term renters, not longer-term ones

 

[Gramsci]

Yep that's a fact, next door to me moved out a month ago and I only realised he had rented it out when the short-term renters knocked on my door to say hi, so may be the opposite in fact

Sounds like an increasing number of flats are being kept as investments and rented out. Is that the case?

 

[Mr Bim of Bar]

Sounds like an increasing number of flats are being kept as investments and rented out. Is that the case?

No still mainly owner occupiers by a long margin, but was shocked last week as I was talking to a couple who were hanging around in the gardens for ages with a suitcase, it transpires that they had rented an apartment for the weekend on AIR BnB and paid £200 a night

 

[Greebo]

<snip> they had rented an apartment for the weekend on AIR BnB and paid £200 a night

Done? They certainly were.

 

[CH1]

Sounds like an increasing number of flats are being kept as investments and rented out. Is that the case?

Sounds to me that he is saying a number of people have used the extra equity caused by the price rise as a spring-board to acquire a better or just another property, meanwhile using the income from the rental to pay off (and more) the first mortgage.

When I moved to London in the 70s it was illegal to rent out property that was personally mortgaged. About time they brought back that restriction. Abolishing it was all part of Mrs Thatcher's right to buy syndrome.

 

[teuchter]

What would be the point of that restriction? Why should outright owners be allowed to profit from their property but not mortgage holders? Doesn't it just stack the odds even more in favour of those at the top of the pile?

I'd prefer to have rent controls, which would apply to every landlord regardless of whether they held mortgages or not.