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

[technical]

It's just an awful long way down if it becomes difficult...!

It's nice - I like the light and the studio space - lot of money though.

For that money I'd buy this which is near me, out in the suburbs

http://www.rightmove.co.uk/property-for-sale/property-39462533.html

Removed from sale - you didn't buy it did you?

 

[boohoo]

Removed from sale - you didn't buy it did you?

No - it looks like it sold the end of last year. It's one of a few house left from a little hamlet near Crown Point. Some lovely properties and I think last year were still quite cheap.

 

[Rushy]

Nooo. That really depresses me. I'd always assumed that those buildings would be safe from the property locusts.

They were converted more than 10yrs ago.

 

[FridgeMagnet]

not Brixton but
you'd need to be under 2 ft 4 inches to get into this flat or enter on all fours!!
http://www.theguardian.com/money/2014/aug/22/london-landlord-fined-renting-small-flat

Wow - three grand fine, after two years of renting it out. He's really learnt his lesson now.

 

[MrSki]

I am sure I read somewhere in the legal journals that a landlord was fined £40,000 for not arranging a gas safety inspection test. I will try and find link.

Link here.

 

[CH1]

It's nice - I like the light and the studio space - lot of money though. For that money I'd buy this which is near me, out in the suburbs
http://www.rightmove.co.uk/property-for-sale/property-39462533.html

So have you been in (St Johns buildings that is)?

When this building was converted it was originally marketed as artist studios with accommodation. Interesting to know how much they cost then. Maybe one of our more property literate members can recall?

I see what you mean about that Streatham/Norwood property.

 

[CH1]

Nooo. That really depresses me. I'd always assumed that those buildings would be safe from the property locusts.

They were converted more than 10yrs ago.

The original conversion was done post this 1992 planning permission:
http://planning-docs.lambeth.gov.uk/AnitePublicDocs/00064723.pdf

Note that the applicant had a kind of community feel:
William Wilding
St Johns Renovation Project
20 Linom Road
SW4 7PD

It is present market conditions which are causing inflationary pricing.

Prior to conversion into mixed use studio thingees this building was used by the Metropolitan Police for training purposes. It is many years since it was used as St John's School, but the back history is here (from British History Online):

St. John's C.E. Primary School, Canterbury Crescent
The site of this school was freely given by Benedict John Angell Angell. The buildings

were designed in Tudor style by Benjamin Ferrey and built in Rochester brick with Bath stone dressings by Messrs. Holland in 1853; the cost was £1,600. As originally planned the school contained three large rooms and provided accommodation for 180 boys, 120 girls and 100 infants. There was also a house for the master. (The Builder, 1853, p. 360.) Later additions have been unsympathetic. The school was severely damaged in the war of 1939–45, and was reopened in 1947.

 

[leanderman]

Neighbour went to look at place on Helix Gardens yesterday that was on at £1.6m, then reduced to £1.3m, and was told £1m might secure it.
http://www.rightmove.co.uk/property-for-sale/property-48295736.html

 

[happyshopper]

http://www.rightmove.co.uk/property-for-sale/property-48295736.html

I'm not sure how Foxton's get to 5 bedrooms, unless they expect someone to sleep in the cellar.

 

[Rushy]

Neighbour went to look at place on Helix Gardens yesterday that was on at £1.6m, then reduced to £1.3m, and was told £1m might secure it.
http://www.rightmove.co.uk/property-for-sale/property-48295736.html

£1million would seem like a "bargain" compared to three houses sold for 1.4 to 1.6 million each in Mervan Road in the past 3 months. So I've been told by the agent - I've not seen Land Reg confirmation yet.

 

[leanderman]

I'm not sure how Foxton's get to 5 bedrooms, unless they expect someone to sleep in the cellar.

This has puzzled me too. No sign of converted loft and sitting room is not split.

 

[leanderman]

£1million would seem like a "bargain" compared to three houses sold for 1.4 to 1.6 million each in Mervan Road in the past 3 months. So I've been told by the agent - I've not seen Land Reg confirmation yet.

Yes. I was wondering about that too. A similar alleged sale took place in Sudbourne rd.

I suppose the buyers may not worry too much if they sold at the same time (at these bonkers prices).

 

[ska invita]

Om Unit & Danny Scrilla - Gentrification - opens with a prank call to foxtons in brixton " featuring the unwitting Giles"

 

[ViolentPanda]

I'm not sure how Foxton's get to 5 bedrooms, unless they expect someone to sleep in the cellar.

Isn't that where the staff sleep?

 

[CH1]

Bargain of the week (from the Standard)
3 bed house Trinity Gardens £999,950

http://www.foxtons.co.uk/search?loc...ch_form=map&search_type=SS&submit_type=search

What I don't understand is why this charming terraced house in a bijou conservation area square is half the price of the St Johns duplex on the edge of a major building site further up the thread.

Any views on this leanderman, Rushy?

 

[leanderman]

£1,000sq ft. Bonkers. And I thought prices were falling.

 

[editor]

£1,000sq ft. Bonkers. And I thought prices were falling.

I've been in a couple of those houses. They are tiny.

 

[leanderman]

400ft garden!

http://www.foxtons.co.uk/search?sea...oh_date_from=&oh_date_to=&keyword_value=Sw2+2

 

[brixtonblade]

Never mind £ per foot, I'd do myself a mischief living that close to the pub

 

[editor]

It's all too depressing.

 

[SarfLondoner]

Foxtons are advertising houses on Brixton hill but still manage to mention Clapham north as being local.

 

[SarfLondoner]

Neighbour went to look at place on Helix Gardens yesterday that was on at £1.6m, then reduced to £1.3m, and was told £1m might secure it.
http://www.rightmove.co.uk/property-for-sale/property-48295736.html

That's a huge climbdown from the original quote,Is it the owner or the agents that creates the asking price?

 

[Rushy]

Bargain of the week (from the Standard)
3 bed house Trinity Gardens £999,950
View attachment 62179
http://www.foxtons.co.uk/search?loc...ch_form=map&search_type=SS&submit_type=search

What I don't understand is why this charming terraced house in a bijou conservation area square is half the price of the St Johns duplex on the edge of a major building site further up the thread.

Any views on this leanderman, Rushy?

The St Johns place is 2 and a half times larger and at least as characterful or unique, I reckon.

This one is closer to where you live.

 

[Orang Utan]

I actually saw an advert for affordable housing in the Evening Standard today. Studios and 1 beds from £180,000. First year's ground rent paid, 75% mortgage, only £2k needed for deposit. No idea about the quality, mind.
But it's in fucking Hounslow.
No.

 

[CH1]

I actually saw an advert for affordable housing in the Evening Standard today. Studios and 1 beds from £180,000. First year's ground rent paid, 75% mortgage, only £2k needed for deposit. No idea about the quality, mind.
But it's in fucking Hounslow.
No.

How can £180,000 be considered "affordable"?

 

[leanderman]

That's a huge climbdown from the original quote,Is it the owner or the agents that creates the asking price?

I'll find out.

 

[ska invita]

That's a huge climbdown from the original quote,Is it the owner or the agents that creates the asking price?

its agents surely - they come round and do a valuation, based on the highest whatever they think they can get

 

[Orang Utan]

How can £180,000 be considered "affordable"?

It is for a single person on 20-30k pa. Which is a vast improvement on other affordable homes I've read about. But not for anyone on less of course

 

[CH1]

That's a huge climbdown from the original quote,Is it the owner or the agents that creates the asking price?

its agents surely - they come round and do a valuation, based on the highest whatever they think they can get

I think Foxtons (and probably most others in Brixton where prices are/have been volatile) inevitably act on a trial and error basis. The evaluation is indeed of what the market will bear (remember the estate agent is trying to get the best possible deal for the seller).

I think the market is currently softening quite a lot (no doubt leanderman may disagree)

This flat here - almost opposite me started listed at £599,000 (see post #1787 23rd July 14), then dropped to £499,000, and is now under offer at £450,000.

I reckon that is a soft market - way off what was happening a year ago. Anybody buying out there should be bargaining strongly, and anybody selling should make sure they have a genuinely realistic valuation to defend.

 

[CH1]

It is for a single person on 20-30k pa. Which is a vast improvement on other affordable homes I've read about. But not for anyone on less of course

Is that for 25% of £180,000 then? How do the mortgage/rental costs work out then?