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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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northdulmum

northdulmum

Posted
Posted

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.

Loz

Loz

Posted
Posted

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.

Sue

Sue

Posted
Posted

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

Belle

Posted
Posted

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.

SteveUK1978

SteveUK1978

Posted
Posted

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.

emilyr0se

emilyr0se

Posted
Posted

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.

adonirum

adonirum

Posted
Posted

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.

Loz

Loz

Posted
Posted

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."

Mick Mac

Mick Mac

Posted
Posted

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.

  • 2 weeks later...

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