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Bankside

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Everything posted by Bankside

  1. You've not heard of SMI? Until recently, you didn't even have to pay this back. Also, it used to cover interest and capital! https://www.gov.uk/support-for-mortgage-interest
  2. I understand your comments but these all have a ripple effect. If the Z1 place for £1.1m drops to 900K, then no one is going to buy the Z2 place for £950K. They will have to reduce to £800K. Then the Z3 place that was on for £800K will have to drop - and so on. Also, these drops are continuing right now. We have yet to find the bottom. (They are also really nice flats...)
  3. These are a nice set of flats apartments just behind the Globe Theatre. There has been some considerable development in the immediate area over the last 5 to 10 years and the location is ever improving. They might have got the orginal price of £1.1m in 2017 (around £1,400/sqft) but not any more. It appears that we are back to 2013 prices and not far from £1000/sqft https://www.zoopla.co.uk/for-sale/details/48409183 23rd Feb 2019 £950,000 Price reduced by £40,000 9th Jul 2018 £990,000 Price reduced by £109,950 29th May 2018 £1,099,950 Price reduced by £50 29th May 2018 £1,100,000 First listed 27th Sep 2013 £950,000 That is quite a change.
  4. 29th Oct 2018 £415,000 Price reduced by £10,000 10th Oct 2018 £425,000 Price reduced by £15,000 12th Jun 2018 £440,000 Price reduced by £10,000 12th Jun 2018 £450,000 First listed Last Sale - 3rd Aug 2012 £155,000 Well we're not going to give it away!!! (but we expect you to pay three times what we did 6 years ago)
  5. Interesting it's around £750 per square foot. Generally it's been closer to £1,000 until recently...
  6. I'm just off to register www.housepricesuppression.co.uk! This time next year Rodders...
  7. I'm sure others will be able to contribute more but what I can see is a (probably average) £1,000 PA maintenance bill plus the £1,000 contributions to the sink fund. I'd be asking how much is in the sink fund currently and what big works are scheduled in the next 5 to 10 years. Bankside
  8. It's 113 Sq Ft and has one small window. I think a broom would feel claustrophobic!
  9. Out of interest, in regards to the New Build price changes, would these be properties who's contracts are being agreed at this time, or would they have been agreed some time in the past (possibly off-plan) and coming available now? Thanks
  10. Still expensive but the tide is turning https://www.rightmove.co.uk/property-for-sale/property-68231311.html
  11. Well they've been "trying" to sell it for a while now Oct 2015 for £1.3M - https://www.zoopla.co.uk/property-history/3-griffins-close/london/n21-2ew/38458643 Jan 2016 for £995K - https://www.zoopla.co.uk/property-history/3-griffins-close/london/n21-2ew/37676061 Now not selling for £995K Number 5, which is two doors away sold their's in Sept this year for £920K so they lissed that boat. (It was the same price as ths one when built in 2001) I'm assuming they don't actually want to sell... (but I'm sure the Estate Agents love having their overpriced house on their books!)
  12. They paid £732,000 in 2016 and are now looking to get out....
  13. +1 It's ben a surprisingly accurate forward indicator
  14. If it's a chain you may want to write to their CEO and ask if this is group policy. If you don't get a satisfactory response you could follow up in a public space like Twitter to see if that embarresses them enough to change. Defintely annoying though!
  15. I'm afraid you wont even get a Studio in Battersea for £500K these days https://www.rightmove.co.uk/property-for-sale/Battersea/studio-flats.html (although that may change next year...)
  16. Thanks Maffo, your insight was really interesting to hear. Good luck with the new role. Bankside.
  17. London - 2.1% Monthly, -1% Annual https://www.gov.uk/government/news/uk-house-price-index-for-february-2018
  18. Have you obtained a copy of the inventory report? If not, can you ask?
  19. The Govt have just released a draft of the proposed Tenants Bill. It looks interesting! That’s why this Government is introducing a ban on unfair lettings fees paid by tenants. Under the new rules, landlords will choose the agent that provides the quality of service that they are seeking at a price that they are willing to pay. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/656274/Cm_9529_Tenant_Fees_Bill_Web_Accessible.pdf
  20. I'd say you'd allow some access once the contracts are exchanged. That'll give some incentive to the buyer to get their act together, then your daughter has certaincy and can get on with her plans for a move.
  21. I wonder what the % sold number is if you remove the garages and plats without planning permission...
  22. If they include the garages and plots with no planning permission they'll be onto a record % sold! If they actually count the properties only then it'll be a different story altogether
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