What’s wrong with this property

Section62

ReadySteadyPop said:

Section62 said:

ReadySteadyPop said:

Herzlos said:

bouicca21 said:

Lucky_Duck_2 said:

The practical problem is that three days is usually the break even point for a season ticket so ignoring the buggeration of travelling in there isn’t likely to be a cost saving

Some train companies do a sort of part time season ticket - I think Thameslink do. Besides I could commute to central London for nowt by bike from where I live in zone 4, easy peasy from zone 2.

Some do multi-journey tickets too, though they never seem to advertise them well

Ybe said:

These are all great comments. Things I’ve not noticed. Any similar comments on the below ones? 

https://www.rightmove.co.uk/properties/156910880

The outside of that building is seriously ugly, but it's the best layout you've shared so far and with 2 bedrooms the most versatile. Dedicated parking is a massive bonus too. 

More importantly, what do *you* think of these places? You're the one that's going to have to live there, not us. 

Wouldn`t justify the aspirational asking price though, loads of people in cities don`t drive.

There's 'London' and there's 'London'.  If you were talking about inner or central London you'd have a valid point.  But the areas the OP is looking at - in outer London - are very mixed.

In Barnet only about a third of homes don't have access to a car.  The overall average car ownership is 0.94 cars per household, so the car-owning households have an average of about 1.5 cars.

There's a demand for homes with off-street parking.

Fair point, but the demand isn`t there at original asking price in outer London either, the flat with "secure underground parking" has dropped their asking price by 50k. many people run around in cars on monthly payments these days, doesn`t mean they will be given a mortgage for someone`s aspirational asking price, parking or no parking?

Is it demand, or is it specific issues with the property?  Such as that one having an 'F' energy rating, perhaps?

Section62

Jaybee_16 said:

Section62 said:

Fairly sure it is private, there's a fair number of similar apartment blocks in the area.  I think someone was going for the brutalist look in red brick here.

The street was previously developed with fairly substantial detached houses - I suspect this plot may have been a WW2 bomb site, but can't get the London bomb map to work at the minute.

Looks to me like the old Homebase site. Before that it was Finchley bus garage

It was, but my comment was about the Woodside Park Road flat.

Spikeygran

In the first link it looks like the balcony/ terrace  gets little sun if any at all.  I'm going on the green on the wall and the compass direction given. It doesn't look as if anyone has ever sat out on it.  

RedFraggle

Woodside Park is nice but they're pushing the price a bit. Wouldn't touch Mill Hill. No windows, only doors and it's ground floor. Awful design. Plus it'll still be in the "overpriced new build" box.

Ybe

RedFraggle said:

Woodside Park is nice but they're pushing the price a bit. Wouldn't touch Mill Hill. No windows, only doors and its ground floor. Awful design. Plus it'll still be in the "overpriced new build" box.

There’s a lot of overpricing in london. Properties sit on the market unsold for 6 months+. 

Ybe

BikingBud said:

Ybe said:

The issue I have with some 1 beds in the area selling for 400k+ is that, Taylor Wimpey are selling a new build starting 380k in the area. I wonder why. 

https://www.taylorwimpey.co.uk/new-homes/north-finchley/the-tramworks?beds=undefined-bed

But they're EXCLUSIVE:

Welcome to The Tramworks, an exclusive collection of apartments in Finchley

And they:

Support the Mayor
"Paresh Pandya, Senior Sales Manager for Taylor Wimpey North Thames, said: “We were delighted to support the Mayor of Barnet Tony Vourou Charity Gala Dinner. At Taylor Wimpey, we believe in investing in the communities where we operate, and initiatives like this enable us to make a meaningful impact. We want to thank the mayor for inviting us and for allowing us to attend such a special evening.” 🧐

the-tramworks

Well their “exclusive” flats are cheaper than many comparable 1 beds in the second hand market in the area. 

ReadySteadyPop

Ybe said:

BikingBud said:

Ybe said:

The issue I have with some 1 beds in the area selling for 400k+ is that, Taylor Wimpey are selling a new build starting 380k in the area. I wonder why. 

https://www.taylorwimpey.co.uk/new-homes/north-finchley/the-tramworks?beds=undefined-bed

But they're EXCLUSIVE:

Welcome to The Tramworks, an exclusive collection of apartments in Finchley

And they:

Support the Mayor
"Paresh Pandya, Senior Sales Manager for Taylor Wimpey North Thames, said: “We were delighted to support the Mayor of Barnet Tony Vourou Charity Gala Dinner. At Taylor Wimpey, we believe in investing in the communities where we operate, and initiatives like this enable us to make a meaningful impact. We want to thank the mayor for inviting us and for allowing us to attend such a special evening.” 🧐

the-tramworks

Well their “exclusive” flats are cheaper than many comparable 1 beds in the second hand market in the area. 

Doesn`t bode well for recent overpriced flat buyers?

ReadySteadyPop

Ybe said:

RedFraggle said:

Woodside Park is nice but they're pushing the price a bit. Wouldn't touch Mill Hill. No windows, only doors and its ground floor. Awful design. Plus it'll still be in the "overpriced new build" box.

There’s a lot of overpricing in london. Properties sit on the market unsold for 6 months+. 

Many properties are sitting unsold longer than that probably.

RedFraggle

Ybe said:

RedFraggle said:

Woodside Park is nice but they're pushing the price a bit. Wouldn't touch Mill Hill. No windows, only doors and its ground floor. Awful design. Plus it'll still be in the "overpriced new build" box.

There’s a lot of overpricing in london. Properties sit on the market unsold for 6 months+. 

Yup. 3 years ago I looked at a flat in Acton on at £320k, the estate agent said I would have to offer over asking to get it so I didn't offer. It sold 8 months later for £280k which I'd have happily paid. 

ReadySteadyPop

RedFraggle said:

Ybe said:

RedFraggle said:

Woodside Park is nice but they're pushing the price a bit. Wouldn't touch Mill Hill. No windows, only doors and its ground floor. Awful design. Plus it'll still be in the "overpriced new build" box.

There’s a lot of overpricing in london. Properties sit on the market unsold for 6 months+. 

Yup. 3 years ago I looked at a flat in Acton on at £320k, the estate agent said I would have to offer over asking to get it so I didn't offer. It sold 8 months later for £280k which I'd have happily paid. 

I would say the market has deteriorated a lot since three years ago.