Trying to buy a house in this area is near impossible

[northdulmum]

Unless you want to downsize, prices going up is not good. As it just means you're stuck where you are and can't move and/or have to pay more stamp duty as and when you do move. Plus take on a massive mortgage.

Prices going up in a rational way is much more preferable. Or even falling, if you want to move up the ladder.

[gm99]

Montpelier Rd, SE15

Dec 2013: ?450k http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=45688139&sale=50666948&country=england

Tarted up

May 2014: asking ?800k http://www.woosterstock.co.uk/details/11765

[Loz]

It's near Queens Road Peckham station, so not the most attractive of areas. But, still, 450k for a four bed house in 2013 was a bit of a bargain, even if one of the 'bedrooms' is no more than a box room.

But 800k now is probably not going to happen. You can get nicer 4 beds in nicer parts of London for that sort of money.

[Mustard]

It doesn't seem to have been tarted up at all. Whoever sells that should be paying capital gains tax as doesn't look lived in at all.

[Katrusja]

This is what is looked like when it sold for ?450,000:

http://www.zoopla.co.uk/property-history/85-montpelier-road/london/se15-2hd/29162712

[fizzmoll]

This looks like a fairly normal semi, just came on the market for 1.15M: http://www.haart.co.uk/buying/4-bedroom-semi-for-sale/east+dulwich-london-se22/hrt023608358/

[Sue]

adonirum Wrote:

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

> Sue Wrote:

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

> -----

> > A small terraced house on Ulvercroft Road "in

> need

> > of some modernisation" has just been sold for

> > ?815k . Where will this end?

>

>

> But Sue, if you live in the same street, surely

> that bodes well for the price of your property.

> Not quite sure why you would appear to find the

> high valuations/prices so distasteful. It is

> something that can only be to your advantage and

> benefit.

xxxxxx

Maybe I am looking at the wider picture and not from a purely selfish viewpoint??

[Belle]

LD929 Wrote:

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

> Does anyone understand this?

>

> http://www.rightmove.co.uk/house-prices/detailMatc

> hing.html?prop=35938543&sale=999133&country=englan

> d

I wonder if the pressure on school places is a factor in prices on roads like Goodrich? Agents definitely always plug the 'in catchment of good local schools' line even though it's pretty hard to guarantee unless you're very very close.

[Ozymodo]

I don't think the link works...

[SteveUK1978]

If you scroll up to the original post at the top of the page, the link still works.

There was an article in the paper today "calling" the top of the market - interest rates are on the way up soon and that will have to cool things you would think.

[Alex K]

@SteveUK1978 -- might do. But. Six estate-agent approaches last week (five missives through mailbox, one telephone call): "May we sell your house?" More demand than stock, seems like.

[emilyr0se]

Belle Wrote:

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

> LD929 Wrote:

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

> -----

> > Does anyone understand this?

> >

> >

> http://www.rightmove.co.uk/house-prices/detailMatc

>

> >

> hing.html?prop=35938543&sale=999133&country=englan

>

> > d

>

> I wonder if the pressure on school places is a

> factor in prices on roads like Goodrich? Agents

> definitely always plug the 'in catchment of good

> local schools' line even though it's pretty hard

> to guarantee unless you're very very close.

I think school places are definitely a huge factor in house prices, but I'd be surprised if Goodrich is one of those roads/schools.

[SteveUK1978]

Alex K - such hard sell by the agents....a clear sign that market has softened? If the market was so good why do they need to push so hard to come to you?

[Alex K]

You may be right. I saw it the other way round -- buyers clamouring at their doors and nothing to sell. So out they go to beat the bushes. But who's to say?

[adonirum]

Sue Wrote:

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

> adonirum Wrote:

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

> -----

> > Sue Wrote:

> >

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

>

> > -----

> > > A small terraced house on Ulvercroft Road "in

> > need

> > > of some modernisation" has just been sold for

> > > ?815k . Where will this end?

> >

> >

> > But Sue, if you live in the same street, surely

> > that bodes well for the price of your property.

> > Not quite sure why you would appear to find the

> > high valuations/prices so distasteful. It is

> > something that can only be to your advantage

> and

> > benefit.

>

> xxxxxx

>

> Maybe I am looking at the wider picture and not

> from a purely selfish viewpoint??

Sue

Surely the selfish viewpoint is now the only way to go in this country, in general, and E.D., in particular.

It must be an acknowledged fact that the A B C of humanity (Altruism,Benevolence and Compassion) are sadly and regrettably extinct in this area, compared to when I (and I do not wish to seem rude but if I may be so bold) and you were younger. If you do not go with the flow, you will be swallowed up and unceremoniously spate out. Therefore,please do not talk down your (our!!) street, as the time will come soon when cashing in is the best course of action.

[MelonSmasher]

Get your cake up

[jimbo1964]

> I think school places are definitely a huge factor

> in house prices, but I'd be surprised if Goodrich

> is one of those roads/schools.

Why surprised?

[MissKing]

Nationwide warns of 'natural correction' in London house prices, due to the unprecedented growth seen over the last year. Read all about it: http://www.bbc.co.uk/news/business-27599787

[Loz]

Kind of hedging their bets with fuzzy language...

Graham Beale, chief executive of Nationwide, said: "We could be seeing the early sign of a natural correction in the London housing market."

He added that sales had begun to slacken in the capital, but did not predict a widespread slump. "We are going from frenetic at the start of the year to merely very, very busy."

[miga]

.

[Mick Mac]

emilyr0se Wrote:

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

> Belle Wrote:

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

> -----

> > LD929 Wrote:

> >

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

>

> > -----

> > > Does anyone understand this?

> > >

> > >

> >

> http://www.rightmove.co.uk/house-prices/detailMatc

>

> >

> > >

> >

> hing.html?prop=35938543&sale=999133&country=englan

>

> >

> > > d

> >

> > I wonder if the pressure on school places is a

> > factor in prices on roads like Goodrich? Agents

> > definitely always plug the 'in catchment of

> good

> > local schools' line even though it's pretty

> hard

> > to guarantee unless you're very very close.

>

> I think school places are definitely a huge factor

> in house prices, but I'd be surprised if Goodrich

> is one of those roads/schools.

Goodrich is heavily oversubscribed and it's stock is defo on the rise.

[MissKing]

Guardian today reports that house price windfalls are seeing Londoners cash in and move out: http://www.theguardian.com/money/2014/jun/07/house-price-london-move-countryside

[jimbo1964]

Good if you want to retire or can work in the provinces (or from home). Otherwise you'd just spend all your money on the misery of commuting.

[PokerTime]

The IMF report on housing a few days ago also warns of more problems if the market isn't cooled.

http://www.bbc.co.uk/news/business-27731567

I think they hit the nail on the head from an economic perspective.

[Jeremy]

I'm sure the IMF will be delighted to have EDF endorsement.