northdulmum Posted May 20, 2014 Share Posted May 20, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-748531 Share on other sites More sharing options...
gm99 Posted May 24, 2014 Share Posted May 24, 2014 Montpelier Rd, SE15Dec 2013: ?450k http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=45688139&sale=50666948&country=englandTarted upMay 2014: asking ?800k http://www.woosterstock.co.uk/details/11765 Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749730 Share on other sites More sharing options...
Loz Posted May 24, 2014 Share Posted May 24, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749732 Share on other sites More sharing options...
Mustard Posted May 24, 2014 Share Posted May 24, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749757 Share on other sites More sharing options...
Katrusja Posted May 24, 2014 Share Posted May 24, 2014 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 Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749768 Share on other sites More sharing options...
fizzmoll Posted May 24, 2014 Share Posted May 24, 2014 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/ Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749783 Share on other sites More sharing options...
Sue Posted May 24, 2014 Share Posted May 24, 2014 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.xxxxxxMaybe I am looking at the wider picture and not from a purely selfish viewpoint?? Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749824 Share on other sites More sharing options...
Belle Posted May 25, 2014 Share Posted May 25, 2014 LD929 Wrote:-------------------------------------------------------> Does anyone understand this?> > http://www.rightmove.co.uk/house-prices/detailMatc> hing.html?prop=35938543&sale=999133&country=englan> dI 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-749854 Share on other sites More sharing options...
Ozymodo Posted May 26, 2014 Share Posted May 26, 2014 I don't think the link works... Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750015 Share on other sites More sharing options...
SteveUK1978 Posted May 26, 2014 Share Posted May 26, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750038 Share on other sites More sharing options...
Alex K Posted May 26, 2014 Share Posted May 26, 2014 @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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750098 Share on other sites More sharing options...
emilyr0se Posted May 26, 2014 Share Posted May 26, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750162 Share on other sites More sharing options...
SteveUK1978 Posted May 26, 2014 Share Posted May 26, 2014 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? Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750164 Share on other sites More sharing options...
Alex K Posted May 26, 2014 Share Posted May 26, 2014 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? Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750169 Share on other sites More sharing options...
adonirum Posted May 27, 2014 Share Posted May 27, 2014 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??SueSurely 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750314 Share on other sites More sharing options...
MelonSmasher Posted May 28, 2014 Share Posted May 28, 2014 Get your cake up Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750542 Share on other sites More sharing options...
jimbo1964 Posted May 28, 2014 Share Posted May 28, 2014 > 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? Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750585 Share on other sites More sharing options...
MissKing Posted May 28, 2014 Share Posted May 28, 2014 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 Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750688 Share on other sites More sharing options...
Loz Posted May 28, 2014 Share Posted May 28, 2014 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." Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750776 Share on other sites More sharing options...
miga Posted May 29, 2014 Share Posted May 29, 2014 . Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-750838 Share on other sites More sharing options...
Mick Mac Posted May 30, 2014 Share Posted May 30, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-751327 Share on other sites More sharing options...
MissKing Posted June 9, 2014 Share Posted June 9, 2014 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 Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-753957 Share on other sites More sharing options...
jimbo1964 Posted June 9, 2014 Share Posted June 9, 2014 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. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-753997 Share on other sites More sharing options...
PokerTime Posted June 10, 2014 Share Posted June 10, 2014 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-27731567I think they hit the nail on the head from an economic perspective. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-754350 Share on other sites More sharing options...
Jeremy Posted June 10, 2014 Share Posted June 10, 2014 I'm sure the IMF will be delighted to have EDF endorsement. Link to comment https://www.eastdulwichforum.co.uk/topic/37470-trying-to-buy-a-house-in-this-area-is-near-impossible/page/57/#findComment-754374 Share on other sites More sharing options...
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