London property prices

Old Jun 3rd 2013, 9:41 am
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Default London property prices

Mrs. Ethos dragged me to look at a property in Wimbledon. Pleasant if unremarkable Edwardian terraced house. Front reception room approximately 13 x 16, rear reception room approximately 12 x 15, long and narrow kitchen that opens into an extension across the rear of the house. Three bedrooms and bath upstairs, another room in the loft. Ok-sized rear garden.

Asking price: £950,000.

Ok. It was a nice kitchen. The best Ikea can offer.

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Old Jun 3rd 2013, 10:05 am
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Default Re: London property prices

Originally Posted by Ethos83 View Post
Mrs. Ethos dragged me to look at a property in Wimbledon. Pleasant if unremarkable Edwardian terraced house. Front reception room approximately 13 x 16, rear reception room approximately 12 x 15, long and narrow kitchen that opens into an extension across the rear of the house. Three bedrooms and bath upstairs, another room in the loft. Ok-sized rear garden.

Asking price: £950,000.

Ok. It was a nice kitchen. The best Ikea can offer.

wow that seems a lot, don't know areas of London that well but is Wimbledon a good one? seems it must be
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Old Jun 3rd 2013, 10:31 am
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Default Re: London property prices

Originally Posted by Blue Cat View Post
wow that seems a lot, don't know areas of London that well but is Wimbledon a good one? seems it must be
A oasis annexed council estates, south london crime and underage mothers.
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Old Jun 3rd 2013, 10:38 am
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Default Re: London property prices

Originally Posted by Millhouse View Post
A oasis annexed council estates, south london crime and underage mothers.
You'll get grade A drugs delivered by mountain bike though
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Old Jun 3rd 2013, 10:41 am
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Default Re: London property prices

I laughed.

No, BC. Wimbledon is leafy. It was a solidly middle class area that's gone very upmarket due to rises in the London property market. Wimbledon, Putney and Wandsworth are all nice areas for the people who can no longer afford South Kensington and who don't want the dreck in Islington.

Originally Posted by Millhouse View Post
A oasis annexed council estates, south london crime and underage mothers.
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Old Jun 3rd 2013, 10:46 am
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Default Re: London property prices

Originally Posted by Ethos83 View Post
I laughed.

No, BC. Wimbledon is leafy. It was a solidly middle class area that's gone very upmarket due to rises in the London property market. Wimbledon, Putney and Wandsworth are all nice areas for the people who can no longer afford South Kensington and who don't want the dreck in Islington.
Lived there approx 15 () years ago... up from Southfields at the common. No idea about now, but I would imagine it will have been getting pricy and nice. The village was always rather exclusive...

Kensal Rise and even Harlesden are becoming quite decent in some bits...

eee it's all changed since I were a lad (about town)...
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Old Jun 3rd 2013, 10:56 am
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Default Re: London property prices

South Wimbledon is still a bit gritty. But my take on it is that there's hardly anywhere in London that doesn't have a gritty area nearby.

Originally Posted by Autonomy View Post
Lived there approx 15 () years ago... up from Southfields at the common. No idea about now, but I would imagine it will have been getting pricy and nice. The village was always rather exclusive...

Kensal Rise and even Harlesden are becoming quite decent in some bits...

eee it's all changed since I were a lad (about town)...
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Old Jun 3rd 2013, 11:38 am
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Default Re: London property prices

so the answer is don't live in London
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Old Jun 3rd 2013, 12:33 pm
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Default Re: London property prices

Originally Posted by Ethos83 View Post
Mrs. Ethos dragged me to look at a property in Wimbledon. Pleasant if unremarkable Edwardian terraced house. Front reception room approximately 13 x 16, rear reception room approximately 12 x 15, long and narrow kitchen that opens into an extension across the rear of the house. Three bedrooms and bath upstairs, another room in the loft. Ok-sized rear garden.

Asking price: £950,000.

Ok. It was a nice kitchen. The best Ikea can offer.



Translation: Look how much I can afford to spend on a house ?


You'll get better value if you go a little further out and into Surrey.
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Old Jun 3rd 2013, 12:41 pm
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Default Re: London property prices

We'd have to use very creative accounting to be able to afford the house.

What I find fascinating about London is everyone manages to buy property that they somehow wouldn't be able to afford outside London, even on the same incomes. There's a lot of very creative budgeting and accounting going on and the lenders here seem to support it.

Then when you see what the money gets. it's downright depressing.

Originally Posted by Meow View Post
Translation: Look how much I can afford to spend on a house ?


You'll get better value if you go a little further out and into Surrey.
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Old Jun 3rd 2013, 1:03 pm
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Default Re: London property prices

Originally Posted by Ethos83 View Post
Mrs. Ethos dragged me to look at a property in Wimbledon. Pleasant if unremarkable Edwardian terraced house. Front reception room approximately 13 x 16, rear reception room approximately 12 x 15, long and narrow kitchen that opens into an extension across the rear of the house. Three bedrooms and bath upstairs, another room in the loft. Ok-sized rear garden.

Asking price: £950,000.

Ok. It was a nice kitchen. The best Ikea can offer.

You don't have £950,000 to buy a house you lonely slag.

Mwuuwahahaha just yanking your chain
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Old Jun 3rd 2013, 3:28 pm
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Default Re: London property prices

Originally Posted by Meow View Post
Translation: Look how much I can afford to spend on a house ?


You'll get better value if you go a little further out and into Surrey.
Surrrrrrray, Nah! You could get this bad boy for the same cash oooop north!

http://search.savills.com/property-d...bterscss080094
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Old Jun 3rd 2013, 3:33 pm
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Default Re: London property prices

Originally Posted by Ethos83 View Post
South Wimbledon is still a bit gritty. But my take on it is that there's hardly anywhere in London that doesn't have a gritty area nearby.
worked on a development in South Wimbledon about 10 years back. Yes it was a bit gritty despite us throwing up exclusive duplexes blah blah. It was at a junction not far from South Wimbledon Tube and close to an Evans bike shop.

Wimbledon itself was v.nice.
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Old Jun 3rd 2013, 5:21 pm
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Default Re: London property prices

Correct. I don't have £950,000.

But the way it'd work is we'd sell our respective flats, combine the equity and roll together the outstanding mortgages, top it up by borrowing another 100K or so, and that puts us close to it.

Kind of scary that it's theoretically doable. Our income alone wouldn't justify the house budget but that we have the equity makes the difference.

Personally, I'd rather keep our two flats and rent out hers and let that rent take care of her mortgage. We'd save like crazy for a few more years to build up another deposit to buy a house (yes, further outside London). That way we'd have the house and two flats in London for long term investment.

I don't want to tie up everything into one very overpriced house. Especially not a cramped terraced house.

Originally Posted by weasel decentral View Post
You don't have £950,000 to buy a house you lonely slag.

Mwuuwahahaha just yanking your chain
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Old Jun 3rd 2013, 8:22 pm
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Default Re: London property prices

You will do what she says.

Originally Posted by Ethos83 View Post
Correct. I don't have £950,000.

But the way it'd work is we'd sell our respective flats, combine the equity and roll together the outstanding mortgages, top it up by borrowing another 100K or so, and that puts us close to it.

Kind of scary that it's theoretically doable. Our income alone wouldn't justify the house budget but that we have the equity makes the difference.

Personally, I'd rather keep our two flats and rent out hers and let that rent take care of her mortgage. We'd save like crazy for a few more years to build up another deposit to buy a house (yes, further outside London). That way we'd have the house and two flats in London for long term investment.

I don't want to tie up everything into one very overpriced house. Especially not a cramped terraced house.
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