London price/sq ft in different areas

b!!! wrote: »

For some reason people in the UK focus more on number of bedrooms and reception rooms than floor area. Properties with identical floor areas will sell for different prices if one has more bedrooms (e.g. one bedroom has been split in two).

Consequently, property advertisements in the past tended to omit this crucial information - although more and more ads now seem to come with a floorplan and sq ft measurement.

Why 'for some reason'? It seems logical and sensible to me that people would care more about the layout of a property and the number of bedrooms, because those are the factors that will determine how you live in a property.

b!!! wrote: »

Number of rooms is of course important - but you can increase/decrease this by adding/removing interior walls. You can't add significant space without building an extension (if possible).

True, but it's not always as simple as that. The layout of the house might be awkward and not present a simple solution, and sometimes people just don't want to bother with the faff of building works -- they just want to move into a place and have done with it. Not to mention the difficulty of getting planning permission for a double-storey extension (because who wants a bedroom on the ground floor?), the reduction in garden size, the possible existence of a price cap on the property, meaning that building an extension could essentially be digging a big hole and pouring your money down it.

The balance of the property is important too. Some people might want a larger kitchen and be happier to settle for smaller bedrooms or a smaller bathroom; stuff like that won't be reflected in the total square foot of the property, although it will be reflected in the floorplan, which I agree is vital. I think my main argument here is that the floorplan itself is far more useful and telling than a total square footage. I always get a bit annoyed when a property on Rightmove doesn't have a floorplan.

When buying something witch will probably be the most expensive purchase anyone normally makes in their lifetime you need all the facts. The amount of square feet the property is IMO an very important fact.

you guys don't make any sense

so, all else equal, a 500 and an 800 sqft 2 bed flats should sell for the same price just because they're both 2 bedrooms properties?
price/sqft is an objective indicator, it's absolutely fair enough that buyers will want to look at it

orcocan wrote: »

you guys don't make any sense

so, all else equal, a 500 and an 800 sqft 2 bed flats should sell for the same price just because they're both 2 bedrooms properties?
price/sqft is an objective indicator, it's absolutely fair enough that buyers will want to look at it

Huh? When has anyone said that the size of a flat plays no relation to value? Of course it does, IF all else is equal, but the point is that in London, all things are rarely ever equal.