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

[trabuquera]

^ fraternal greetings from the other end of the line.
that place ^^ is eyeball-bleeding hideous (and worn and shabby) throughout but 5 bedrooms in a single house? for under a million quid? That sort of thing's been outlawed (or just made prohibitively expensive) in Lambeth for YEARS darling.

ETA: and who has a bedroom almost completely lined with mirrored wardrobes, then carpets their mantelpiece with multiple crucifixes?
<shivers>

 

[Manter]

Detached and five bedroom with a decent garden and a garage- I am tempted to say bargain, but I know that's just long-term-London-resident distortion.

I am fascinated by the bizarre panelled window-less room.... The wardrobe in the bathroom..... The black shelves in the living room (my eyes!).... But the thing that disturbs me most is that the radiator in the blue bedroom is not centralised under the window. Just wrong.

 

[FridgeMagnet]

Detached and five bedroom with a decent garden and a garage- I am tempted to say bargain, but I know that's just long-term-London-resident distortion.

I also thought "well that's not so bad" until I realised that I had London Stockholm Syndrome and that it was a shitty house miles from the station ruthlessly subdivided to boost the bedroom count.

 

[Manter]

I also thought "well that's not so bad" until I realised that I had London Stockholm Syndrome and that it was a shitty house miles from the station ruthlessly subdivided to boost the bedroom count.

And it has an unforgivable radiator

 

[Mapped]

It is a detached house (with a dodgy radiator) in a nice bit of town, right next to Epping Forest and a private school, but £1m houses aren't a thing in this bit of London yet, especially ones that need tonnes of work. Looking at zoopla the most expensive transaction at the moment is just over £800k

I don't think we're suffering from London Stockholm Syndrome to the same extent as you guys, it was relatively cheap round here until quite recently.

 

[FridgeMagnet]

Tbh the practical difference between 800K and 1m is very little, given that both fall into the "couldn't possibly afford it ever, imaginary money" category.

 

[FridgeMagnet]

I was also talking about the change in the cycle these days, which may be worth starting a thread about.

Old cycle: cheap area identified -> people without much money start to buy in that area -> gentrification, prices go up -> people without much money start to buy in different areas -> cycle repeats elsewhere. That's pretty familiar.

New cycle: everywhere anywhere near London rises in price pretty much equally regardless of anything else, and everywhere gets worse with local amenities sold off to be demolished so flats can be built there.

 

[cuppa tee]

" This single private parking space is enviably situated behind a secure gated entrance and boasts a fabulous location close to a variety of amenities.

KEY FEATURES

• Private single parking space
• Secure gated entrance
• Accompanies a beautiful development
• Great location
• Close to shops and restaurants
• Transport links are moments away

LOCAL AREA
Strathleven Road is perfectly located for the shops, restaurants and amenities of Acre Lane and for a more comprehensive range, Brixton Road is not far away. Transport links include, Brixton Rail and Underground and Clapham North Underground stations."


http://www.foxtons.co.uk/property-for-sale-in-brixton/chpk4056999

 

[editor]

View attachment 70753


This single private parking space is enviably situated behind a secure gated entrance and boasts a fabulous location close to a variety of amenities.

KEY FEATURES

• Private single parking space
• Secure gated entrance
• Accompanies a beautiful development
• Great location
• Close to shops and restaurants
• Transport links are moments away

LOCAL AREA
Strathleven Road is perfectly located for the shops, restaurants and amenities of Acre Lane and for a more comprehensive range, Brixton Road is not far away. Transport links include, Brixton Rail and Underground and Clapham North Underground stations.


http://www.foxtons.co.uk/property-for-sale-in-brixton/chpk4056999

That is outrageous. I've shared it on Buzz.

And just to bring the thread up to date:

Reclaim Brixton: Foxtons estate agents in Brixton is targeted again

 

[editor]

Just when you thought you couldn't hate them any more:

I walk into estate agents Foxtons Brixton branch. I pretend my parents have given me £400,000 and I say I want to buy a house close to the tube. I'm greeted enthusiastically in a room that’s so clean and white I feel as if I’m covered in dirt.

In 2013, the opening of this branch sparked protests and the words "Yuppies Out" were scrawled across its windows.

A man who seems as if he was born to be in sales – with a perfect quiff and a lopsided smirk – says he is ready to help me in any way he can. He quickly tries to convince me to buy an "ex-local" property; flats which were once owned by the council. Apparently young people like me are buying them more and more and there's loads of them round here "as you can imagine", he says gleefully. "In the next few years Brixton will all be private housing. I promise you."

http://www.newstatesman.com/politic...ion-brixton-who-wins-who-loses-and-whos-blame

 

[editor]

The morning after: Brixton Foxtons at 8am Sunday.

 

[Greebo]

The morning after: Brixton Foxtons at 8am Sunday.

They'll be back, like rats, mildew, or a retrovirus.

 

[Dexter Deadwood]

The morning after: Brixton Foxtons at 8am Sunday.

That's fucking hilarious.

 

[simonSW2]

I've just had the depressing misfortune to observe that Obnoxtons have a 2 bed flat on Lambert Road on for £850k.

http://m.zoopla.co.uk/for-sale/details/36717040?search_identifier=294110d9060adef2131961e0c3b64472

jesus.

 

[Smick]

Do they achieve the prices which they advertise or do they give an inflated asking price to attract sellers?

 

[SpamMisery]

Two up, two down with garden and double garage. Looks alright, seems a decent standard of decoration

 

[technical]

Possibly within the catchment area for sudbourne school, which would explain the inflated price

 

[gdubz]

Do they achieve the prices which they advertise or do they give an inflated asking price to attract sellers?

No; yes

 

[SpamMisery]

Is that true gdubz? I've wanted to see the data comparison from land registry etc but not known where to look (i.e I have no intention of doing the donkey work myself )

 

[CH1]

Do they achieve the prices which they advertise or do they give an inflated asking price to attract sellers?

They knocked one down opposite me (Coldharbour Lane, Loughborough Park conservation area) from £599,950 to £450,000 last year.

Foxtons just treat property like stocks and shares - they have no particular issue with overcharging - it is after all to the benefit of their client, the seller, and their own bonuses.

So their modus operand must be to constantly test the market in an upwards direction.

Actually it would make sense if house and flat prices were government regulated - but I can't see it being a vote winner.

 

[FridgeMagnet]

Actually it would make sense if house and flat prices were government regulated - but I can't see it being a vote winner.

Not amongst selfish potential sellers/speculators certainly, which is the only market the parties care about it seems. Given that so many of their backers have put their money in the property bubble.

 

[CH1]

Unusually Foxtons are advertising a Brixton property in this Wednesday's Standard.
I thought from the description it might be a recycled offer of a "house" adjacent to the Academy queue.

It isn't that - this is new, a house betwixt Austin Osman Spare and the SW9 sorting office in Wynne Road for £699,950 :


details here: http://www.foxtons.co.uk/property-for-sale-in-brixton/chpk3467082
Looks like a snip compared to Lambert Road - especially if you take into account the heating costs. But presumably schools might be a problem?

 

[299 old timer]

I've just had the depressing misfortune to observe that Obnoxtons have a 2 bed flat on Lambert Road on for £850k.

http://m.zoopla.co.uk/for-sale/details/36717040?search_identifier=294110d9060adef2131961e0c3b64472

jesus.

Chancers

http://www.rightmove.co.uk/house-pr...rchLocation=Lambert+Road&referrer=landingPage

 

[Rushy]

Chancers

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET^1973014&searchLocation=Lambert+Road&referrer=landingPage

A friend very recently sold their 3 bed garden flat on Lambert for 760k. Shortly after their neighbour who also sold for about 740.

 

[299 old timer]

A friend very recently sold their 3 bed garden flat on Lambert for 760k. Shortly after their neighbour who also sold for about 740.

As I said chancers - 2 bed flat 850k? Still, some mug will buy it. On another hill equidistant to Brixton one could pick up a 3 bed HOUSE for £650k...

 

[cuppa tee]

coincidence..............?

 

[SpamMisery]

No. Lots of companies share price went up. For lots of reasons however.

 

[editor]

The world would be a better place without Foxtons.

 

[CH1]

coincidence..............?

I would have said it definitely was a reaction to Tory win.
Labour had pledged to start regulating the private rental market - which would have curtailed Foxton's license to print money.

 

[Gramsci]

I would have said it definitely was a reaction to Tory win.
Labour had pledged to start regulating the private rental market - which would have curtailed Foxton's license to print money.

Evening "Tory" Standard had a few articles on the property market/ foxtons in run up to election.



Foxtons sales slide as election fears hit London housing market

Bogged down: Sales volumes in the housing market are declining, say Foxtons

Foxtons, renowned for its aggressive sales tactics and fleet of green Minis, said political uncertainty over the next few months — with the prospect of a hung parliament or even another election — meant its sales in the capital would remain “subdued”.

The company is the latest in a string of estate agents to warn of a flattening market.

Countrywide’s joint London and premier business saw a 14% fall in sales in the final quarter of 2014.

The threat of a proposed mansion tax led to buyers being put off from shelling out for expensive homes, and 2014 saw muted sales growth of 3.4% after a disastrous second half, Foxtons said.

“We expect property sales activity to remain subdued at levels comparable to those seen in late 2012 and early 2013 until greater political and economic certainty returns,” chief executive Nic Budden said.

Always worth reading the ES business pages.

Good thing Red Ed was not elected and good sense can prevail again.