Trying to buy a house in this area is near impossible

[midivydale]

Yes, we are looking in catford at the moment.

[Earl Aelfheah]

Article in the Evening Standard about Catford today:

http://www.homesandproperty.co.uk/property-news/new-homes/catford-gets-makeover-bringing-new-homes-it

[midivydale]

Damn it, that will make foxtons put on another 30k then...

[Lowlander]

Mick Mac Wrote:

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> The sold out first phase of Battersea Power

> Station are trading hands at quite a premium and

> they wont even be ready for a few years.

Really? Hope they've got deep pockets, that site seems to be cursed for redevelopment, been going since when, 1983?

[miga]

.

[monica]

Think the house prices have gone crazy. Bought my place in Woodvale in 2012 and have been told its gone up in value by ?100,000 ????? Absolute bonkers

[ratty]

Not a joke at all. I work in Catford and really like the place!

[sophiesofa]

They have gone crazy. We bought our 2 bed garden flat on Lordship Lane for ?230k in 2009. We've done it up but not added any square footage or anything. Had it valued the other day at ?525k!!! WTF that's quite a lot more than double. Absolutely insane.

[Hickory]

We don't know what to do. Our lovely 1 bed, second floor flat has gone up by ?100k too, but we'd still only be able to afford a purchase price of ?440k. What kind of house is that going to get us?

We don't yet have dependants bit might do in a few years.

A.Sell now and join the 3 bed race - compromising on location?

B.Wait another year or 2 - we don't need the space right now - but might be priced out altogether?

C. Or enjoy our gorgeous flat and neighbourhood and hope that the frenzy and lack of supply calms down a bit?

A dilemma had by many I'm sure. Head vs heart

[Jeremy]

Upgrade to a larger flat? I doubt many can make the jump from a 1 bed to a house. I certainly needed a step in between.

[Hickory]

Yes, this is true. I suppose we just don't want to keep moving every few years - the stamp duty, legals, moving fees every time - eye watering. Not to mention emotionally never feeling settled.

But yes we could have a family in a 2 bed

[????]

Stamp duty is a massive factor nowadays due to the rise in house prices. We,d like a bigger house but even if you trade down area wise by the time you factor in legal, moving costs, SD....you are talking nealy 50k..a side return looks very attractive for simiar money and staying in an area we like

[MrBen]

*Bob* Wrote:

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> We bought our house for ?4 - just this morning.

>

> This evening, we've had it re-valued at just shy

> of ?1.2m

>

>

>

> Not that it gives us any pleasure at all, of

> course.

Worth a repost I reckon.

[Blackcurrant]

Hickory Wrote:

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> We don't know what to do. Our lovely 1 bed, second

> floor flat has gone up by ?100k too, but we'd

> still only be able to afford a purchase price of

> ?440k. What kind of house is that going to get

> us?

> We don't yet have dependants bit might do in a few

> years.

>

> A.Sell now and join the 3 bed race - compromising

> on location?

> B.Wait another year or 2 - we don't need the space

> right now - but might be priced out altogether?

> C. Or enjoy our gorgeous flat and neighbourhood

> and hope that the frenzy and lack of supply calms

> down a bit?

>

> A dilemma had by many I'm sure. Head vs heart

Fixed mortgage rates have already started rising. The base rate is expected to rise by next spring. Prices have now got so high that rental yields are derisory, so a correction is on the cards, probably starting at the top of the market. Probably better to wait rather than follow the herd.

[Huggers]

Plumpstead has all the potential to be a great place to live. Lovely old pubs, the clubhouse on the green, a village green, plenty of green space, excellent transport and good housing stock.

http://www.rightmove.co.uk/property-for-sale/property-40251280.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-42607415.html

[Loz]

... and Belmarsh Prison

[Otta]

I used to work for Greenwich social services, abd know Plumstead pretty well. It has potential for sure, but it feels pretty down at heel.

But the fact there is a prison close by doesn't make any difference. There are big prisons close to expensive parts of London.

Plus Belmarsh isn't actually in Plumstead.

[SteveUK1978]

Once Crossrail comes to Woolwich, you can be in the West End in 20 mins from there....

[DaveR]

http://www.ft.com/cms/s/0/10536122-9a4e-11e3-8232-00144feab7de.html#axzz2uEKmKzA6

[Otta]

Whilst just looking at Underhill Road (to see if the flats on the corner of Overhill were still on the market) I was pretty shocked to see this 1 bed flat (in a loft) on the market for nearly ?400k

http://www.zoopla.co.uk/for-sale/details/31996696

But I was more pleased to see that you can still get a 2 bed flat for a (sort of) reasonable rate

http://www.zoopla.co.uk/to-rent/details/31569102

[Alex K]

Shock horror -- St Francis estate, the little brick-and-papier-mache settlement at the DHFC grounds: A two-up, two-down mid-terrace at ?585K. Yes, the agent is Foxton's. But!

As a buy-to-let, 6% gross return, that would be an ask of ?3K / month.

What a fever-dream house prices have become.

[Loz]

I think that is a typo. ?385k would be more like it, even for Foxtons.

[indiepanda]

I suspect there are some errors in some of the property listing sites.

On Right Move at the moment there is

- a 4 bed on Ulverscroft, nearly 1,300 sq ft, listed at ?649,950 http://www.rightmove.co.uk/property-for-sale/property-28463325.html

- a 2 bed on Cornflower Terrace - i.e. further away from Lordship Lane, listed at ?675,000 - less than half the size at 622 sq ft. http://www.rightmove.co.uk/property-for-sale/property-29422404.html

I'd love to say it's the Cornflower Terrace one that looks wrong - but I suspect based on other properties around the same price it's actually the Ulverscroft one that is a mistake.

[Mustard]

indiepanda Wrote:

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> I suspect there are some errors in some of the

> property listing sites.

>

> On Right Move at the moment there is

>

> - a 4 bed on Ulverscroft, nearly 1,300 sq ft,

> listed at ?649,950

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

> rty-28463325.html

>

> - a 2 bed on Cornflower Terrace - i.e. further

> away from Lordship Lane, listed at ?675,000 - less

> than half the size at 622 sq ft.

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

> rty-29422404.html

>

> I'd love to say it's the Cornflower Terrace one

> that looks wrong - but I suspect based on other

> properties around the same price it's actually the

> Ulverscroft one that is a mistake.

according to that advert, Ulverscroft Rd is in SW22, and the floor plans shows 5 beds, some very small plus another dressing type room. Looks very top heavy for such a small garden.

[Jeremy]

Loz Wrote:

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> ?385k would be more like it

3 years ago maybe. Much higher now...