Good news for house prices and rents in SW11

nollag2006

The opening up of the market for luxury flats in Battersea power station should see a nice little bump up for house prices and rents in the area:
http://www.guardian.co.uk/money/2013/jan/09/battersea-power-station-homes

Good news for those of us who have invested in BTL in the Clapham Junction area, even if there are no firm plans to extend the Northern Line at the moment. It's only a matter of time.

Roundabouts

nollag2006 wrote: »

Good news for those of us who have invested in BTL in the Clapham Junction area,

I'm rather disappointed. Uncharacteristically you've just missed the golden opportunity to mention the fact that you have put your tenants' rent up 10% this month. That's on top of the 10% rent hike last month and the 10% rise in every month previous to that.

Graham_Devon

nollag2006 wrote: »

Good news for those of us who have invested in BTL in the Clapham Junction area, even if there are no firm plans to extend the Northern Line at the moment. It's only a matter of time.

the_flying_pig

so somewhere near your flat someone else is building some nicer flats. this will make people want yours more?

although i suppose a northern line extension might help.

nollag2006

the_flying_pig wrote: »

so somewhere near your flat someone else is building some nicer flats. this will make people want yours more?

although i suppose a northern line extension might help.

Good to see that the power station is finally being redeveloped. Bound to help the area and push prices up.

Graham_Devon

nollag2006 wrote: »

Good to see that the power station is finally being redeveloped. Bound to help the area and push prices up.

Tell your NIMBY friends. We could all be dripping in wealth if development was allowed.

nollag2006

Roundabouts wrote: »

I'm rather disappointed. Uncharacteristically you've just missed the golden opportunity to mention the fact that you have put your tenants' rent up 10% this month. That's on top of the 10% rent hike last month and the 10% rise in every month previous to that.

Only ever put rents up to one tenant by 10% over a year. That was to a STR muppet - he has since actually bought a flat.

Over the two years he rented from me, house prices rose well over 10% in the local area (Wandsworth borough), and I put his rent up by a similar amount too



How I used to love his lectures on how house prices were going to collapse any day now!

:rotfl:

Roundabouts

nollag2006 wrote: »

. Bound to help the area and push prices up.

You'll have to move out of your Mum's house first and actually buy a place in order for you to benefit from house price inflation.

nollag2006

Roundabouts wrote: »

You'll have to move out of your Mum's house first and actually buy a place in order for you to benefit from house price inflation.

Left home for Uni when I was 18 mate - and bought my first home, fifteen years ago, at the tender age of 25. Best thing I ever did.

You should grow a spine, and do something similar too.

Annnyyyywaaayyy, back to the original topic: it appears that this first phase of the development sold out within the first two days!

http://www.guardian.co.uk/commentisfree/2013/jan/11/battersea-power-station-linear-city

The flats went on sale two days ago, instantly snapped up by investors undeterred by the massive price tag.

Result!

:T:T:T