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Work starts on the eagerly awaited new Foxtons office on Brixton Road

Cowley said:
Over half a million quid for a 1 bedroom flat?

I know it's Foxtons but...:eek::eek::eek:

http://www.rightmove.co.uk/property-for-sale/property-44676566.html

Also...the one below, you don't even get a separate kitchen diner?!!! These prices are bonkers!

http://www.rightmove.co.uk/property-for-sale/property-43030537.html

Who is buying this shit? 500k for a third or sometimes a quarter of a House?!!!
Click to expand...

Sudbourne catchment, which makes sense for larger properties but not for one-bedroom flats.
 
Cowley said:
Over half a million quid for a 1 bedroom flat?

I know it's Foxtons but...:eek::eek::eek:

http://www.rightmove.co.uk/property-for-sale/property-44676566.html

Also...the one below, you don't even get a separate kitchen diner?!!! These prices are bonkers!

http://www.rightmove.co.uk/property-for-sale/property-43030537.html

Who is buying this shit? 500k for a third or sometimes a quarter of a House?!!!
Click to expand...

Second one is horrific. A small rabbit warren basically.

I went in it four years ago when it was quite a mess - and it now looks like it has been developed.
 
oval quarter has not been fully built yet but people are slowly moving into some blocks
according to Notting Hill Housing market value for a 3 bed flat here is £435,000,
this one ...... http://www.zoopla.co.uk/for-sale/details/32082823 is up thru Foxtons for £599,000 and is in one of the supposedly social/affordable blocks, so thats a theoretical increase of £164,000 in less than three months......
 
cuppa tee said:
oval quarter has not been fully built yet but people are slowly moving into some blocks
according to Notting Hill Housing market value for a 3 bed flat here is £435,000,
this one ...... http://www.zoopla.co.uk/for-sale/details/32082823 is up thru Foxtons for £599,000 and is in one of the supposedly social/affordable blocks, so thats a theoretical increase of £164,000 in less than three months......
Click to expand...
Kind of irrelevant, but struck by what cheap finishes they've used in that.
 
leanderman said:
Second one is horrific. A small rabbit warren basically.

I went in it four years ago when it was quite a mess - and it now looks like it has been developed.
Click to expand...

Me and the Mrs looked at a 2 Bed Split Level flat on that road in 2004/2005, it was the basement and ground, big old place, you got the garden too. Back then I think it was 230K or something like that, we backed away because we felt it was too expensive! I dread to think what flats like that sell for now!!!
 
nagapie said:
Landlords!
Click to expand...

Must be very wealthy landlords. ;)

Unless you are in a situation where you have no alternative but to invest your "surplus" amounts of wealth into property, I can't for the life of me understand how spending 500K on a 1 bed flat amounts to a good investment. I dunno...maybe I am missing something here.
 
Cowley said:
Me and the Mrs looked at a 2 Bed Split Level flat on that road in 2004/2005, it was the basement and ground, big old place, you got the garden too. Back then I think it was 230K or something like that, we backed away because we felt it was too expensive! I dread to think what flats like that sell for now!!!
Click to expand...
we didn't offer on a couple of things 2 years ago because we thought they were over priced and optimistic (I was quite rude to one of the estate agents). Now we look very silly as we'd have been quids in :D
 
Back in 2011, I tried railroading estate agents with talk of imminent rate rises, negative consumer sentiment, stamp duty holiday coming to the end, offering 10-15% less than what was on.

I believed it myself but now know it was complete rubbish.
 
Manter said:
we didn't offer on a couple of things 2 years ago because we thought they were over priced and optimistic (I was quite rude to one of the estate agents). Now we look very silly as we'd have been quids in :D
Click to expand...

You'd be quids in in a property you mightn't be able to leave as everywhere else has gone up hugely and you can't sell as you need somewhere to live. When you die, the government will take the lot in inheritance tax.

The only people who do well are banks, solicitors, estate agents and those with more than one property.
 
Smick said:
You'd be quids in in a property you mightn't be able to leave as everywhere else has gone up hugely and you can't sell as you need somewhere to live. When you die, the government will take the lot in inheritance tax.

The only people who do well are banks, solicitors, estate agents and those with more than one property.
Click to expand...
true.

slightly depressing but true
 
Smick said:
You'd be quids in in a property you mightn't be able to leave as everywhere else has gone up hugely and you can't sell as you need somewhere to live. When you die, the government will take the lot in inheritance tax.

The only people who do well are banks, solicitors, estate agents and those with more than one property.
Click to expand...

yes. true

and, at £500k for one-bed, those prices don't add up for landlords - or for school-catchment families, it's weird.
 
leanderman said:
yes. true

and, at £500k for one-bed, those prices don't add up ....for school-catchment families, it's weird.
Click to expand...
buy to let, rent flat out but keep the owners name on the council tax bill so you get kids into the school and a bit of an earner on the side possibly... it's quite common by the Graveney School in Wandsworth so I'm told
 
leanderman said:
yes. true

and, at £500k for one-bed, those prices don't add up for landlords - or for school-catchment families, it's weird.
Click to expand...

£500k you'd need £50k in deposit or equity and two people earning £150k between them. And would someone with that sort of cash and income want to live in a one bed flat?
 
cuppa tee said:
buy to let, rent flat out but keep the owners name on the council tax bill so you get kids into the school and a bit of an earner on the side possibly... it's quite common by the Graveney School in Wandsworth so I'm told
Click to expand...
don't you need a utility bill as well now? to cut out that sort of thing?
 
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