Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
East London based property developer, investor and speaker
Follow Me: Facebook Twitter Snapchat
A new article about Holloway, N5, the postcode being discussed in this thread:Full/source story
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Vanessa, I bet you're glad you didn't sell as a similarly located flat to your N5 one went under offer back in March at £320k!
My £265000 house in Southend would be about £430000 in Walthamstow, E17.
It is clear if a pretty average 2 bed house is required you simply need to commute about 40 odd mins to London centre.
London is now a no buy zone for the average person.
This is why I believe the comnuter belt will see price increases as all those aspirant London purchasers give up and realise they will have to buy outside London.
The average price of a property in the UK is £231,000, yet there is only one house in London currently on sale for less than £200,000.
The house, which is listed on Rightmove, is in Neasden, north-west London, a 10-minute drive from Wembley Stadium — but interested buyers shouldn't get too excited. The property is up for auction, with a guide price of £170,000, so the amount it sells for could rise significantly.
It is also currently divided into two flats and will need to have some serious cash spent on it to turn it into a liveable home.
According to Rightmove, there are currently around 725 properties in the capital listed for sale on the property platform for under £200,000 but most of these are flats, houseboats, garages and parking spaces.Full/source article
A good friend of mine is a construction manager, started working in london 40 years ago as a labourer, and been working there ever since.
His view, no one in the private sector builds homes for the domestic market in london, its all for foreign buyers looking for a safe haven for their money, a bolt hole, student accomodation for their kids. He’s done condition surveys on 2 million plus apartments that are 10 years old and clearly have never had anyone live in them.
Over the last few years a lot of the foreign money has dried up as a result all his current work is on commercial work. There is huge demand for lower cost housing but its impossible to provide it in the private sector and why would anyone when sooner or later foreign money will return and pay whatever is asked.
Apparently it’ll get even dearer, new rules around air quality are apparently expected to drive up build costs and make gaining planning even more arduous.