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worried1

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  1. I picture these mainly appealing to retirees, perhaps those downsizing from bigger houses on the Coombe estate so with a lot of cash to pump in. The usual rules don't seem to apply when it comes to Coombe - it's generally a totally different market segment to the surrounding areas so far less reliance on easy access to transport and facilities.
  2. I'd be surprised if there are many flats in the area that have actually beaten inflation since 2013-14. It is a bit more surprising that some established ones have already fallen though. The last example would have been a new build in 2015, bought with a Help to Buy bung, so I'd have expected that to have fallen further than 6.1% from the artificial price. The others not so much.
  3. I think a lot of that is to do with the industrial history - Kingston has been called the town that turned it's back on the river, which is odd given it's the one thing that sets it apart from a lot of other similar places. When I first arrived here, the Charter Quay development was still a disused car park, the row of riverside restaurants by the bridge was a multi-storey car park with one single restaurant and there was still a disused power station behind Canbury Gardens. John Lewis had not long been built, but even the riverside space built into their building was hardly used. So
  4. It's all about the net effect. There will be some people who move out of zone 1 to zone 2/3 and wouldn't even consider going any further. There are others who will live in commutable places further out (say Woking) and grab the opportunity to move further out if working from home allows them to. More people seem to be using this to be looking for areas where they can get more for their money rather than a complete change of lifestyle. I think that Zone 6 still could be an attractive compromise for some London movers, BUT only if it's priced right. If this house is priced right, then:
  5. I don't know where they have got the price from. Looking at the recent sales on Rightmove, another modernised one on the very same terrace sold for £925k in June this year, and that had an extra bedroom in the loft already! Everyone seems to think that they will be a beneficiary of the 'COVID bounce', but I'm not so sure about this area. A lot of the value is in the commute and if that is less important for more people, why wouldn't they move further out and get more for their money? At the other end of the scale, this price puts it above a lot of areas that are further into London a
  6. Another new high-water mark in terms of asking prices this week: https://www.rightmove.co.uk/property-for-sale/property-73641387.html It looks as though it has been nicely done, but I'm not sure many will appreciate the 'potential to extend into the loft' when they are already asking £1.2m for the house! I can never understand why this particular road is quite so expensive. It's nice enough in itself, but there is an industrial estate at the end of the road and it is a fair walk into either Surbiton or Thames Ditton. It's also a bit of a walk to get to a decent part of the river
  7. That's the other part I don't understand - why do people think that they can sell their second hand flat after a few years for the same price as a brand new one? It's never really worked that way anyway because when someone buys a new flat, they are always paying a premium for the 'newness' that disappears on resale. Rampant HPI has hidden than effect over the years, but it shows more clearly now. HTB make it even more obvious, because most prospective buyers are going to choose a brand new flat with a 40% 'discount' over a second hand one at full price! Totally agree about ne
  8. HTB appears to be doing its disingenuous job in that case. What I don't understand is how the developers are keeping the prices so high when HTB runs out at £600k. There are plenty of developments here in Kingston where only the smallest 1-bed flats fall into the sub-£600k bracket with all the rest being much higher. It's hard to say how many are selling now, but if they are then who is buying? This development for example: https://www.berkeleygroup.co.uk/developments/london/kingston/royal-exchange/wakefield-house It's in the worst part of town, right on the one-way sy
  9. They don't seem to know any limits, do they? They've been accepting these handouts for years, have been consistently lobbying for further support and now turn to this! The problem is that the public support it. As soon as there is a new tower block of flats proposed in my area (which has now moved beyond the HTB limit), anyone who opposes it is dressed down with the argument - 'we need more housing you know, so this a good thing'. They don't seem to realise that building £1m flats isn't really helping anyone but the developers and the councils hit their 'targets'.
  10. In all the years I've lived in the area, flats in that block have always been significantly cheaper than any others nearby. I can't really work out why - it backs onto the railway, but so do all of the blocks on that street. It's reasonably low rise and inoffensive (looks a bit like a factory from the back), and has share of freehold and a lowe service charge. This one clearly needs work - no internal photos at all and the EA admits that it requires complete modernisation. It is encouraging to see it on the market at 20% less than the actual sold prices in the block in the past couple of
  11. I got my normal Rightmove update this morning. Things are getting worse! It now seems its over £1m to buy one of these houses in Berrylands: https://www.rightmove.co.uk/property-for-sale/property-72920637.html It was bad enough when these breached £1m on the river roads, but this is getting beyond a joke now. Worse still, it's not even the first... https://www.rightmove.co.uk/property-for-sale/property-71881182.html
  12. That is what must be the problem in my mind - people are prepared to max themselves out, but can still only get to £1.5m. The other house I linked offers much better value, but is probably £200k+ more expensive (once brought up to standard) and buyers can't afford it. There clearly are buyers out there with more than £1.5m, but they are probably interested in better postcodes
  13. Sure enough, both of these houses are under offer now. The semi was on the market for much less time than the detached, so there is a chance they went for similar amounts. Crazy times, but it appears that there is a lot of money/debt flying about regardless of covid and recessions.
  14. I get several email updates every day from the major job sites across a range of job titles and have done for the whole of 2020. One of them (Totaljobs I think) puts a red banner with 'BEST PAY' next to the highest paid role in that specific email update. Back in Feb/March, these were generally highlighting roles in the £80-£100k range, now it is generally in the £60s somewhere and Ive seen a few in the £50s. The job titles and area have remained consistent throughout, so that is quite a drop. Part of this will be due to those in well paid roles are less likely to move on during such
  15. Indeed, but I still think that no one could really have predicted what was going to happen after 2008. Property prices should have taken a massive nose-dive then, but they didn't - very similar to now really. That said, those houses have gone up much more than most in that period. I suppose it is a flight to value - you can still buy one of those with the potential to extend and improve for the same price as a maxed-out terraced house on Cleaveland Road. Speaking of Cleaveland Road, it looks as though two more houses have come on the market there today - that takes it to seven curren
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