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Article Re Studio Flats (bargain Property In London)

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This is my usual posting on any flat related topic................DO NOT buy a flat....................studio or otherwise.........

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"The 25 sq m (269 sq ft) studio itself is a bright room on the sixth floor that offers comfortable living space even with double bed, sofa and furniture in situ. Storage space includes a built-in wardrobe and wall-to-wall vanity unit in the bathroom. A refrigerator, two-ring hob and a wall-mounted microwave and extractor hood are squeezed into the lobby area. Apart from a few distant treetops, the vista is of the backs of other buildings; not quite the “side views to Regent’s Park†promised in the details, with an asking price of £165,000 for an 18-year-lease."

Jesus wept.... :(

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"The 25 sq m (269 sq ft) studio itself is a bright room on the sixth floor that offers comfortable living space even with double bed, sofa and furniture in situ. Storage space includes a built-in wardrobe and wall-to-wall vanity unit in the bathroom. A refrigerator, two-ring hob and a wall-mounted microwave and extractor hood are squeezed into the lobby area. Apart from a few distant treetops, the vista is of the backs of other buildings; not quite the “side views to Regent’s Park†promised in the details, with an asking price of £165,000 for an 18-year-lease."

Jesus wept.... :(

Yeah, about the size of my living room.

If I had to spend the whole of my life in my living room I would have probably gone postal by now.

As for the price, I can't even be bothered with such f.uckery today. I guess they're trying to equate it with rent.

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I normally try and keep my postings sensible but im going to allow myself this one

YEEEEEEEEEE HAAAAAAAAAAAAAAA - RECOVEREEHHHHH!!!!!

13sq metres?

As in 4mx3m ish?

Thats just insane - its absolutley fu<king hysterical!!!!

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With the overused mantra, “location, location, location†ringing in my ears, and in the hope that property prices in central London have finally reached rock-bottom, I set my sights on finding a pint-size, super cheap property in the capital under the £175,000 stamp-duty bar.

hannahnemeth_1422049c.jpg

She looks like a flat dweller. flat and boring, like a flat tyre or a flat liner, no heart beat. compare that to the rugged and majestic views and adventures afforded by valleys and mounains that are houses.

having someone record you buy a flat is like a jew recording his application to get into belsen, like a nerd filming the night he went out on the town and didnt score, as usual and went home to jaff of.

i cant believe people buy flats.

oooh, ooooh, i hope the neigbour has good taste in music!!! i hope they have a dog that i can listen to all nigt or a screaming baby. I hope their asian so i can smell their lovely ethnic food all the time in my house so much so that it permeates the clothes you wear.

wow. i guess idiots need places to vegetate too.

good luck with your collection of save the whale aornamnets Hannah, they whales are totally rooting for you and your new flat!!!!

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i cant believe people buy flats.

What????? Are you from Linconshire? People buy flats in London because they cant afford the 500K for a crappy 3 bed terrace in some Godforsaken area! Simple.

Maybe you meant: "I can’t believe people buy these rubbish new build tenement / prisons?" which is an entirely different thing.

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hannahnemeth_1422049c.jpg

And here we see our resident pwoperty expert, Hannah, standing in front of the plot where a shiny new block of studio flats is due for completion in 2012. Hannah has a £250,000 off-plan stake in one of these little beauties. "You've gorra spec'late to accum'late innit" she gushed.

The Telegraph is at pains to assure readers that Hannah's pasty complexion does not arise from living in a rented cell for the last 10 years while saving up the money for her off-plan "investment".

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i cant believe people buy flats.

While a flat wouldn't be my home of choice, in the main flats start at cheaper than houses, so for many people who are stretching to buy the cheapest of flats, there's no choice.

Right now I rent a studio flat, I'd rent a house if I could find one as cheap, but even with renting a house is more.

Right now, in my area, prices for the CHEAPEST are:

Cheapest flat to buy: £50k

Cheapest house to buy: £64k

Cheapest flat to rent: £320/month

Cheapest house to rent: £450/month

The differences might look small, until you're trying to raise the money/pay the amount monthly.

Flats, especially studios, aren't "right" in my opinion.... but through greed they exist and are proportionately more expensive. Annoying, but if that's all you can afford, it's not pure choice.

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hannahnemeth_1422049c.jpg

And here we see our resident pwoperty expert, Hannah, standing in front of the plot where a shiny new block of studio flats is due for completion in 2012. Hannah has a £250,000 off-plan stake in one of these little beauties. "You've gorra spec'late to accum'late innit" she gushed.

The Telegraph is at pains to assure readers that Hannah's pasty complexion does not arise from living in a rented cell for the last 10 years while saving up the money for her off-plan "investment".

Wow, she's like sooooo lucky. I wish I could be savvy with property like she so obviously is.

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What????? Are you from Linconshire? People buy flats in London because they cant afford the 500K for a crappy 3 bed terrace in some Godforsaken area! Simple.

Maybe you meant: "I can’t believe people buy these rubbish new build tenement / prisons?" which is an entirely different thing.

I think that you are forgetting the rules of generalisation that are used by 90% of HPC members:

1. ALL flats are bad, regardless of whether it is 3000 sqft or 300. They are all worthless.

2. London is awful. Richmond, Chislehurst and Chelsea are all in London, so must be full of crack-dens in the same way that parts of Hackney are.

In all seriousness, though, there are several issues with flats that you just don't get with houses - lease problems, neighbour noise, lack of garden etc.

I will be buying a flat when prices come down, because a 2 bed flat with garden/garage and only one direct neighbour is at least 30% cheaper than a 2 bed house with no garage and a slightly bigger garden. I realise that this may be different in other areas, though.

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What????? Are you from Linconshire? People buy flats in London because they cant afford the 500K for a crappy 3 bed terrace in some Godforsaken area! Simple.

Maybe you meant: "I can’t believe people buy these rubbish new build tenement / prisons?" which is an entirely different thing.

yeah, i was a bit mystified by sniffiness about flats. it sounded very redneck-ish to me.

flats have to form a high proportion of the living space in any major city, otherwise hideous LA-style sprawl is inevitable.

and given the very high proportion of a pwoperdee's value that is accounted for by the land that it's built on, building vertically is clearly a way to get costs down.

this country needs a lot more compact living spaces that are close to areas where people work in large numbers [i.e. probably not the cotswalds, devon, cornwall, pretty much all of the north, well, let's face it, pretty much anywhere outside the south east] if we want to get prices down & cut down on the congestion nightmares associated with commuting. the market will determine the relative value of flats vis-a-vis houses. this value is undoubtedly [especially outside london] far lower than was implied during the ludicrous BTL goldrush in the middle part of this decade but high enough, given how many more can be fitted into a given amount of land, still potentially more than high enough to enable both high profits for builders & [relatively] cheap housing for the people that live in them.

of course, build quality has to be half decent. i'm thinking more early 20th century paris than bubble period dublin.

Edited by the flying pig

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I think that you are forgetting the rules of generalisation that are used by 90% of HPC members:

1. ALL flats are bad, regardless of whether it is 3000 sqft or 300. They are all worthless.

2. London is awful. Richmond, Chislehurst and Chelsea are all in London, so must be full of crack-dens in the same way that parts of Hackney are.

In all seriousness, though, there are several issues with flats that you just don't get with houses - lease problems, neighbour noise, lack of garden etc.

I will be buying a flat when prices come down, because a 2 bed flat with garden/garage and only one direct neighbour is at least 30% cheaper than a 2 bed house with no garage and a slightly bigger garden. I realise that this may be different in other areas, though.

admittedly there is a narrow minded discrimination but i think its more a backlash at the ramping that flats get as though they are equal to houses or better, and more to the point that people do need contact with the air and ground which is denied in a flat, like plants in pots, they get less nutrients and dont grow as big.

i would live in a flat as a second home for an office which i am thinking of doing if i buy a house/home outside of where i currently live where they are cheaper. Then i would rent or buy a bedsit, its a functional solution to an accomodation requirement.

personally i like hotels ad student halls of residences, very convenient. but in general, the issues with flata are all white washed so you have to come in hitting with two fists.

do they advertise flats as IMMIGRANT FREE? HOUSING BENEFIT AND CHAV FREE? SOUND PROOFED? CONTRACTS TO QUICKLY DEAL WITH NUISANCE TENNENTS?

I did some sample analysis of a fluid that was seeping theough from an above flat to a below flat. The sample was supposed to be dog piiss. The guy above had a dog that was incontinent and would piss all over the floor. This was in London. The owner lived in a nice guest house that he owned just outside of Bath. This is typical of the sort of madness that happens in Flats, and there is no protection. A lot of people that live in flats have problems and they want to share those problems, they want to broadcast their pathetic wills all around them like disease beacons, bringing everything down to their level. The guy used to, appearntly, boast about his dogs incontinence, it was common knowledge.

jesus.

flats are a scam.

BUT, ou do get flats in nice areas where the slaves of the rich are kept, and they are nice and well managed, so it can work, but they are still slaves.

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the ramping that flats get as though they are equal to houses or better

Reminds me of when a friend said to me

"why don't you upgrade [from a house] to a flat?".

:rolleyes:

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BUT, ou do get flats in nice areas where the slaves of the rich are kept, and they are nice and well managed, so it can work, but they are still slaves.

Unfortunately, there are only a very small proportion of people in this country that are not slaves of some kind.

I agree about the backlash, though. The housing boom has left us with far too many flats, and many of the new ones have the most dubious build quality. This is going to be a massive long term problem.

I am in a sizable minority of people that would rather live in an established flat in a good area rather than a house in a slightly worse area.

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I watch (too much/all) property porn - and quite often I've seen buildings split into flats where they could (better) have been split into two semis. I never understood why they'd do that. Surely it'd be better to have converted to two semis, with a garden each, rather than two flats with a communal garden.

That was just insane, imho.

It was all about money with a lot of house-to-2-flats conversions ... no thought was given to quality of life of the people who had to live in them... it was all just about squeezing a few extra quid out of 4 walls. A tragedy.

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jesus.

flats are a scam.

Come and live in London or any other city. This is a very narrow minded opinion (I suppose by your reckoning we should cull half the world population so that we could all live in houses again?). This is Lord of the Manor stuff! Expand your mind a little - some people have very nice lives in very nice flats (I'm not talking about a lot of the new-build crud) and BTW: you can be FAR more environmentally friendly ta'boot.

WTF - why am i bothering to argue, its clear that some flats are nicer than some houses and some houses are nicer than some flats (in fact, some flats don't you know have lots of space, several bedrooms AND EVEN a garden!). To think anything else is plain dim.

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...The housing boom has left us with far too many flats...

that's ********.

i agree that we have "far too many flats" to prop prices up at 2007 but if, like anyone vaguely sensible, you view 2007 prices as a terrible aberration rather than something precious to be preserved at all costs, the added supply is excellent news.

every one of the [hundreds of?] thousands of empty flats in this country could be sold within days if prices went back to turn of the millenium levels.

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hannahnemeth_1422049c.jpg

She looks like a flat dweller. flat and boring, like a flat tyre or a flat liner, no heart beat. compare that to the rugged and majestic views and adventures afforded by valleys and mounains that are houses.

having someone record you buy a flat is like a jew recording his application to get into belsen, like a nerd filming the night he went out on the town and didnt score, as usual and went home to jaff of.

i cant believe people buy flats.

oooh, ooooh, i hope the neigbour has good taste in music!!! i hope they have a dog that i can listen to all nigt or a screaming baby. I hope their asian so i can smell their lovely ethnic food all the time in my house so much so that it permeates the clothes you wear.

wow. i guess idiots need places to vegetate too.

good luck with your collection of save the whale aornamnets Hannah, they whales are totally rooting for you and your new flat!!!!

Bloody hell this has got to be one of the worst examples of racism I have ever seen on HPC, which is saying something. What is it about this site that provokes so many racist comments?

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that's ********.

i agree that we have "far too many flats" to prop prices up at 2007 but if, like anyone vaguely sensible, you view 2007 prices as a terrible aberration rather than something precious to be preserved at all costs, the added supply is excellent news.

I don't agree. You just have to look at the contempt that is levelled at flats on this forum. As I mentioned in an earlier post, I think that it is unfair to generalise about all flats, but a lot of these new blocks deserve it. They are more likely to be small, poor build quality and in poor locations.

A lot of these were built because of the peak prices in 2007 - people that were desperate to buy bought these places because they could not afford a house or decent flat.

If prices go down nearly as much as is often predicted on here, who is going to want these flats when they can now afford the houses or decent flats that they would prefer? No one complained in 2000 that there were too many houses and not enough flats, so if prices go back to the same level why do we suddenly need this many more flats?

I often hear anecdotal evidence of flats like these in Northern cities being bought for £250k and now selling for half that. 50% is far more than the average house/flat has fallen, but this is just because these flats were the most over-priced in the first place.

These flats will be sold after the crash, but I think it will be to LAs rather than FTBs. This is bad news for a lot of previously nice towns who are now covered with these blocks.

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Never, ever buy a studio flat.

1-bedroom flats are bad news too.

Neither will sell in an economy like this.

Exactly, in a lower priced market no one wants a studio or 1 bed.

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Come and live in London or any other city. This is a very narrow minded opinion (I suppose by your reckoning we should cull half the world population so that we could all live in houses again?). This is Lord of the Manor stuff! Expand your mind a little - some people have very nice lives in very nice flats (I'm not talking about a lot of the new-build crud) and BTW: you can be FAR more environmentally friendly ta'boot.

WTF - why am i bothering to argue, its clear that some flats are nicer than some houses and some houses are nicer than some flats (in fact, some flats don't you know have lots of space, several bedrooms AND EVEN a garden!). To think anything else is plain dim.

i grew up in a flat so i have a good idea.

its horses for courses, some flats are nicer than houses. But that doesn't get away from the undeniable physcilogicl implications that a flat carries. people that live in flats will get thin and scrawny, people in houses will grow fat and strong.

this is the key to our tyranical social order, weak slaves in flats, strong masters in houses. rule of thumb, oooops, bet your the exception huh?

flats are good for a certain type of person, like women that want to loose weight, actors that want to be lean, and people in AV, electronics, design, drawing, TV and all that. Flats suit their lifestyle. My problem is that this phyiological issue is not addressed, its glossed over, so people end up in flats who dont really understand that they are not growing as welll as people with land at their feet adn a less compressed controlled and managed environment. People in flats can dream through the walls, they think they live on the starship enterprise. in short, they are all mad as hatters adn would die in the real world, their muscles cannot stand normal gravity.

Edited by 50%deposit

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