We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
London property prices !!!!!!
Mgman1965
Posts: 284 Forumite
Wifes man lived in Colliers Wood somewhere around Fulham football ground area I believe.
Nan lived in 2/3 bed terraced house with tiny garden and no off street parking and the house was in generally poor condition (no CH, old windows and interior untouched for decades).
When the old girl died the house was put on the market.
Here in North Northants where we live the house would have sold for £90-£100,000.
In Colliers Wood, it sold within days at full asking price for £320,000 needing thousands more spent on it.
I was gobsmacked !!!!!
Nan lived in 2/3 bed terraced house with tiny garden and no off street parking and the house was in generally poor condition (no CH, old windows and interior untouched for decades).
When the old girl died the house was put on the market.
Here in North Northants where we live the house would have sold for £90-£100,000.
In Colliers Wood, it sold within days at full asking price for £320,000 needing thousands more spent on it.
I was gobsmacked !!!!!
0
Comments
-
That's a property bubble for youChanging the world, one sarcastic comment at a time.0
-
Houses in London more expensive than Northamptonshire! Hold the front page!0
-
Enjoy the windfall! if that cash will buy several similar where you live then you could easily be living mortgage free.0
-
Truthfully, 320K is barely anything in terms of London prices.0
-
DS bought a two bed, 600 sq ft flat in Colliers Wood in 2011, paying £20k less than we did at the same time for a six bed, 2500 sq ft house in need of total renovation (unmortgageable and uninhabitable) in Wiltshire.
Three years later we both sold our properties -
DS - having spent around £10k on *improvements* (kitchen, bathroom, replastering, redecoration) and
Us - having spent £100k+ on extending, rewire, replastering, three bathrooms, new cast iron rads, new kitchen, replastering, redecoration, garden landscaping
The two properties achieved the same sold price
Mortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
It's crazy! Having never been involved in buying or selling in a quickly changing market, I honestly couldn't understand the pressures. Before now that is. I'm just grateful we aren't buying in London.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
:D:D0 -
Houses in London more expensive than Northamptonshire! Hold the front page!
No need for the sarcasm !!!!
I'm not a Londoner, visit once in a blue moon and don't really see the attraction of city living.
I merely posted as I had heard of the London bubble but to sort of experience it shocked me somewhat.0 -
Mallotum_X wrote: »Enjoy the windfall! if that cash will buy several similar where you live then you could easily be living mortgage free.
Unfortunately OH isn't getting all the cash, just a small percentage, but will be a few thousand.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards