Jump to content

Trying to buy a house in this area is near impossible

Grotty

By Grotty
in General ED Issues / Gossip

 Share

Recommended Posts

Loz

Loz

Posted
Posted

As soon as I made an offer on the house I bought a couple of years ago, I told the agent that it had to be taken off the market. And I kept checking Rightmove (and, at the time, Globrix). Unfortunately, the vendor has listed it through two agents, but the agents I bought it off were actually very good at hassling the other agent to remove it. It took about a week, but it did get delisted.


I'm not sure why anyone would let an agent keep a property up on Rightmove that you had an offer on. It's just begging to be gazumped.

MissKing

MissKing

Posted
Posted
2 beds on Jennings road and cornflower terrace have also dropped in price and still not sold. Anyone who is buying and looks on rightmove at recently sold properties aren't going to pay ?700k for a 2 bed in a hurry... I hope? That's a jump of over ?100k in less than a year!
LondonMix

LondonMix

Posted
Posted
You can get a 3 bed house the size of Frogley rd for 625k. I live in ED and love it but the premium between ED and Forest Hill shouldn't be that high. People will just start moving to ED surrounds I think before regularly paying that for such a small 3 bed.
danrees

danrees

Posted
Posted

I just bought a 3 bed Victorian terrace in Hither Green of 1270 sq ft for ?470k. Half mile to the station or I can get to Blackheath or Lewisham in 3/4 miles walk.


Same house in East Dulwich would be ?800k today. Is it really worth it?


I am leaving my 2 bed rental flat by Dulwich Park this month...

Sue

Sue

Posted
Posted

edcam Wrote:

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

> Ramble66 Wrote:

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

> -----

> > All the estate agents we got valuations from

> used

> > 'if you sell through us we'll give you priority

> on

> > viewings' line.

> >

> > When I emailed one estate agent, who had given

> us

> > a valuation, about a property they'd sent me

> > details for, they replied saying there was a

> > priority viewing for their vendors and

> therefore

> > no room for us, unless of course we decided to

> > sell through them. Blatant blackmail.

>

> If that happened to me I'd put a note through the

> vendor's door, telling them the estate agent was

> limiting potential buyers.


xxxxxx


Happened to me, and that's exactly what I did.


ETA: And the estate agent tried to say that I must have "misunderstood" what I was clearly told on the phone :))

Jeremy

Jeremy

Posted
Posted

danrees Wrote:

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

> Same house in East Dulwich would be ?800k today. Is it really worth it?


You might as well say "why pay 2 million for a house in Chelsea when Wandsworth is half the price"?


Of course ED is not Chelsea... but when comparing an area to another which is a bit more central, smarter, more shops/restaurants/bars, etc, there's always going to be a large price difference. Some people would rather compromise location for more space, others would rather stay in a flat and live in their preferred area. Horses for courses.

Zebedee Tring

Zebedee Tring

Posted
Posted
Possibly because Dartford isn't very nice and commuting costs into Central London would be much greater than from Hither Green. But of course if you can't afford to live in Hither Green, you might have to settle for Dartford.
EDLove

EDLove

Posted
Posted

Jeremy Wrote:

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

> danrees Wrote:

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

> -----

> > Same house in East Dulwich would be ?800k today.

> Is it really worth it?

>

> You might as well say "why pay 2 million for a

> house in Chelsea when Wandsworth is half the

> price"?

>

> Of course ED is not Chelsea... but when comparing

> an area to another which is a bit more central,

> smarter, more shops/restaurants/bars, etc, there's

> always going to be a large price difference. Some

> people would rather compromise location for more

> space, others would rather stay in a flat and live

> in their preferred area. Horses for courses.



Totally agree with you Jeremy. A lot of people would rather pay more to live in a nice area, even if it means less living space.

LondonMix

LondonMix

Posted
Posted
I am one if those people. I think ED should have a premium to other areas. However, personally I don't think it's that much nicer than Forest hill. The comparison would be Clapham being 50 percent more extensive than Balham. Historically, the premium between ED and surrounds was 20 percent.
LondonMix

LondonMix

Posted
Posted
I think FH will grow faster this year until the premium comes down to something sensible. This is what's happening in ED vs prime Central London. Prime central London grew less than the London average with areas like ED etc well above avg.
EDLove

EDLove

Posted
Posted

miga Wrote:

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

> EDLove Wrote:

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

> -----

> > Jeremy Wrote:

> >

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

>

> > -----

> > > danrees Wrote:

> > >

> >

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

>

> >

> > > -----

> > > > Same house in East Dulwich would be ?800k

> > today.

> > > Is it really worth it?

> > >

> > > You might as well say "why pay 2 million for

> a

> > > house in Chelsea when Wandsworth is half the

> > > price"?

> > >

> > > Of course ED is not Chelsea... but when

> > comparing

> > > an area to another which is a bit more

> central,

> > > smarter, more shops/restaurants/bars, etc,

> > there's

> > > always going to be a large price difference.

> > Some

> > > people would rather compromise location for

> > more

> > > space, others would rather stay in a flat and

> > live

> > > in their preferred area. Horses for courses.

> >

> >

> > Totally agree with you Jeremy. A lot of people

> > would rather pay more to live in a nice area,

> even

> > if it means less living space.

>

> And often even if it means getting mortgaged to

> the max, and leaving little wiggle room for

> interest rises. It's very important to some folks

> that they live in the right area.


Sorry if not clear from my comment but I meant pay 'more' per square footage. The comparison would be two people with the same amount of money but opting to go for different things - one, a smaller house in a more desirable area, and the other, a more spacious house in a less desirable area.


Those who take risks with their finances can fall in to both categories. Just as many people will get mortgaged to the max to live in a nice area, others will mortgage to the max for a bigger place in a worse area.

elise5

elise5

Posted
Posted

I think the problem is people coming from other countries (China, Russia etc... ) buying in cash...

while for us UK resident is not easy to get a mortgage... we can't keep up... we will have to move...

also rents are going up... landlords asking for double the money now compared to last year...


i don't know today I feel very sad...

Otta

Otta

Posted
Posted

EDLove Wrote:

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

> Those who take risks with their finances can fall

> in to both categories. Just as many people will

> get mortgaged to the max to live in a nice area,

> others will mortgage to the max for a bigger place

> in a worse area.



And some will mortgage to the max just to get anything anywhere.

EDLove

EDLove

Posted
Posted

Otta Wrote:

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

> EDLove Wrote:

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

> -----

> > Those who take risks with their finances can

> fall

> > in to both categories. Just as many people will

> > get mortgaged to the max to live in a nice

> area,

> > others will mortgage to the max for a bigger

> place

> > in a worse area.

>

>

> And some will mortgage to the max just to get

> anything anywhere.



Fo sho! :)

MrBen

MrBen

Posted
Posted

Despite what some keep saying. I've yet to see Russians or Chinese walking into Winkworths and asking for a 3 bed terrace on Goodrich Road.


"But its the trickle down from prime central areas".


Perhaps. But it's also lots of regular British buyers panicking and, in fear, paying daft prices in a supply constrained market for very average houses in a very average area.


Those ?1.2M houses of last month have already dropped 10%. And will do so again. There just aren't that many out there with that kind of cash/borrowing potential to sustain it in SE22.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
  • Advertise Here

  • Latest Discussions

    • malumbu
      Are we now under a flight path?

      By malumbu · Posted

      Unless we don't fly I don't think we can be too critical of the authorities.  
    • Forest Hill Climber
      Are we now under a flight path?

      By Forest Hill Climber · Posted

      In 2016 London City Airport began using concentrated flight paths. When there's a predominantly westerly wind, incoming aircraft approach from East London (north of the River). When there's a predominantly Easterly wind, incoming aircraft approach the airport from the West: circling through Forest Hill, Dulwich, Vauxhall, Tower Hamlets, Docklands. This latter flight path affects many of us in South East London. https://www.london.gov.uk/who-we-are/what-london-assembly-does/questions-mayor/find-an-answer/london-city-airport-concentrated-flight-paths The planes going into City are often below 2,000 ft, so very noisy. Sometimes we have incoming Heathrow at the same time, flying higher. The early flights that I hear e.g. 04:30 are incoming to Heathrow. They are scheduled to land at 05:30 but are 'early'. Apparently the government allows a percentage of flights to arrive early and late (but these are now established as regular occurrences, informally part of the schedule). IMHO Londoners are getting very poor political representation on this issue. Incredible that if you want to complain about aircraft noise, you're supposed to contact the airport concerned! Preposterous and designed solely in favour of aviation expansion.
    • DulwichParker
      Local plumber and gas engineer - Jafar - Portrait Plumbing

      By DulwichParker · Posted

      Yet another recommendation for Jafar. Such a nice guy, really reliable and fair. He fixed a problem with our boiler and then incredibly kindly made two more visits to replace a different part at no extra cost. 
    • Sue Klein
      Are we now under a flight path?

      By Sue Klein · Posted

      I didn't have any problems with plane noise until city airport started flying planes to and from about 5-8 minutes apart from 5.30 am or  6 am,  and even with ear plugs and double glazing I am woken at about 6 well before I usually would wake  up. I have lived here since 1986 and it is relatively recently that the planes have been flying far too low over East dulwich. I very much doubt that they are headinbg to Heathrow or from Heathrow. As the crow flies we are much , MUCH closer to City Airport than Heathrow or Gatwick. I even saw one flying so low you could see all the windows, when I was in Peckham Rye Park.

East Dulwich Forum

Established in 2006, we are an online community discussion forum for people who live, work in and visit SE22.

Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...