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Trying to buy a house in this area is near impossible

Grotty

By Grotty
in General ED Issues / Gossip

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Crissy

Crissy

Posted
Posted

strae Wrote:

-------------------------------------------------------

> Otta Wrote:

> --------------------------------------------------

> -----

> > Just had to the call to say I've completed on

> our

> > flat in Penge. So I am now the proud owner of a

> > whopping 7% of a property. And whilst it may

> not

> > be the home I always dreamt of buying (actually

> > I've never really dreamt about buying a home),

> I

> > do feel very fortunate to be in this position.

> >

> > And I'm a 10 minute walk from McDonald's! ;-)

>

> I look forward to the inevitable article touting

> Penge as the new hot spot!

> Shortly followed by the also likely inevitable

> post about on these forums about how Penge is just

> not quite what it was!

>

> Jokes aside, congratulations and well done!



Penge had a mention in the Standard about 4 weeks ago.


Otta congrats and check out Virtual Norwood Local news forum website - there's a lot going on in Penge

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DaveR

DaveR

Posted
Posted

Kind of back on topic, and on the subject of Inner London vs Outer London, I saw this on the BBC website:


http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/counties/html/county39.stm


and was surprised at (i) how expensive Southwark is and (ii) how stark the difference between inner and outer boroughs is. Basically, the whole of the southern and eastern/north eastern suburbs are massively cheaper than almost anywhere in inner London.

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Sue

Sue

Posted
Posted

Hickory Wrote:

-------------------------------------------------------

> Seriously. This.

> http://www.rightmove.co.uk/property-for-sale/prope

> rty-29180898.html


xxxxxx


A quite small three bed terrace in Ulverscroft Road which until very recently was two flats owned by a housing association was thoroughly ripped out and poncified recently and put on the market for ?825k. Yes, that's ?825k.


It's been sold, but I have no idea whether the developers got their asking price.




"Previously listed for sale on 19th Jan 2014 for ?825,000


3 bedroom terraced house


Property history of 30 Ulverscroft Road, London SE22 9HG


Vincent Chandler is delighted to offer to the market this three bedroomed and highly attractive house in the heart of East Dulwich. Having recently been refurbished to an extremely high standard, this Victorian property has a pleasant blend of ... blah blah blah."


http://www.zoopla.co.uk/property/30-ulverscroft-road/london/se22-9hg/21181449


ETA: Oh, and they ripped out all the garden and plants and put in some hard landscaping stuff.


That'll be good for wildlife and prevention of flooding then.

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Voyageur

Voyageur

Posted
Posted

Crissy Wrote:

-------------------------------------------------------

> strae Wrote:

> --------------------------------------------------

> -----

> > Otta Wrote:

> >

> --------------------------------------------------

>

> > -----

> > > Just had to the call to say I've completed on

> > our

> > > flat in Penge. So I am now the proud owner of

> a

> > > whopping 7% of a property. And whilst it may

> > not

> > > be the home I always dreamt of buying

> (actually

> > > I've never really dreamt about buying a

> home),

> > I

> > > do feel very fortunate to be in this

> position.

> > >

> > > And I'm a 10 minute walk from McDonald's! ;-)

> >

> > I look forward to the inevitable article

> touting

> > Penge as the new hot spot!

> > Shortly followed by the also likely inevitable

> > post about on these forums about how Penge is

> just

> > not quite what it was!

> >

> > Jokes aside, congratulations and well done!

>

>

> Penge had a mention in the Standard about 4 weeks

> ago.

>

> Otta congrats and check out Virtual Norwood Local

> news forum website - there's a lot going on in

> Penge



Virtual Norwood is a bit quiet these days. Crystal Palace Life forum is a better bet - it covers Penge too http://crystalpalacelife.com/index.php/kunena/index

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BB100

BB100

Posted
Posted

GinaG3 Wrote:

-------------------------------------------------------

> We cant even do that. I've checked everything.

> Based on income we could only get a loan of 42,000

> maximum. That would mean buying at 62,000 or part

> buying, even then its more than we can afford with

> shared ownership.



I wouldn't recommend shared-ownership - it's a con. The only people who benefit are the Housing Associations. Someone told me that before I bought my shared-ownership 20 years ago and I didn't listen but they were right.

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Cyclemonkey

Cyclemonkey

Posted
Posted

My gosh that Bellenden Road house is ridiculously priced - it's currently uninhabitable. I would imagine the market would be serious property investors who will drive a hard bargain with the owners.


BB100 i disagree about Shared Ownership, i just think it has been poorly marketed. I have had friends who have used it as a means to get somewhere. Those who have been most happy are those who have seen it as a way to get long term security of tenure - eg regard it almost as council housing. It will not help you "get on the property ladder" in any real sense.

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