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The Stadium Development

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Hello folks,

The 'most eagerly awaited development in London' is having it's weekend launch tomorrow

http://www.thestadium-highbury.com/

stadium1_r2_c3.gif

It's Arsenal's old ground converted into flats. Got a flyer through which says

'An excellent Buy-to-Let investment'

Projected Capital Growth 25%

Forcase Yield 6%

FREE signed AFC shirt

Two guaranteed season tickets *at additional cost

Prices from £285000

He he :P it would be cool to have one if you are an Arsenal Fan, but a BTL investment? Gimme a break!

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Hello folks,

The 'most eagerly awaited development in London' is having it's weekend launch tomorrow

http://www.thestadium-highbury.com/

stadium1_r2_c3.gif

It's Arsenal's old ground converted into flats. Got a flyer through which says

'An excellent Buy-to-Let investment'

Projected Capital Growth 25%

Forcase Yield 6%

FREE signed AFC shirt

Two guaranteed season tickets *at additional cost

Prices from £285000

He he :P it would be cool to have one if you are an Arsenal Fan, but a BTL investment? Gimme a break!

daylight

robbery

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Guest Bart of Darkness
FREE signed AFC shirt

Necessary to replace the one you'll lose on this overpriced venture?

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Hello folks,

The 'most eagerly awaited development in London' is having it's weekend launch tomorrow

http://www.thestadium-highbury.com/

stadium1_r2_c3.gif

It's Arsenal's old ground converted into flats. Got a flyer through which says

'An excellent Buy-to-Let investment'

Projected Capital Growth 25%

25% growth over how much time? 25, 50, 100 years? If it's so good then why don't they hang onto the whole development themselves and pocket the 25% ;)

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Small piece on the radio this morning, including a little interview with Miles Shipside, when asked whether £285k was a little steep for a 1 bed flat Shipside went on to explain that it is not everybody that wanted to live next door to a football fan and it had to appeal to a wider audience.

Well there you go, that sorts that one out.

Apparently 1,000's were expected, there's railings and all sorts set up, gate attendances are down generally so that must be why there aren't queues round the block (at the moment at least).

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They seem to have picked a very odd day for the launch with the Spurs/Arsenal derby on at White Hart Lane. I see Spurs are in the lead at the moment - perhaps the prices at the Stadium will also plummet along with Arsenal's fortunes!

There are ALSO of course around 50 shared ownership properties which will become available at the site next year via Newton HA.

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They seem to have picked a very odd day for the launch with the Spurs/Arsenal derby on at White Hart Lane. I see Spurs are in the lead at the moment - perhaps the prices at the Stadium will also plummet along with Arsenal's fortunes!

There are ALSO of course around 50 shared ownership properties which will become available at the site next year via Newton HA.

1-1 final score. Gooners should have won it in the 2nd half

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Hello folks,

The 'most eagerly awaited development in London' is having it's weekend launch tomorrow

It's Arsenal's old ground converted into flats. Got a flyer through which says

'An excellent Buy-to-Let investment'

Projected Capital Growth 25%

Forcase Yield 6%

FREE signed AFC shirt

Two guaranteed season tickets *at additional cost

Prices from £285000

He he :P it would be cool to have one if you are an Arsenal Fan, but a BTL investment? Gimme a break!

I am a life-long Arsenal fan living between the old & new stadiums - go to every game and I still wouldn't touch these apartments with a sh1tty stick. Sadly, a lot of Gooners will be lured... <_<

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We walked past the Stadium yesterday on the way to the pub. About 20 people queuing behind a club-style rope with lots of bouncers. Almost as many bouncers as queuers. The queue wasn't moving very fast. Not sure what was happening inside. Surely removing people's shirts (& wallets) shouldn't take that long?

The queue reminded me of going to clubs (ok this was in the early 90s) where the bouncers would keep you queuing for hours outside in the rain so the club would look really popular.

Anyway, they were handing out glossy brochures. One page showed how convenient the development would be for all the famous places in London.... like er... Harrods. Right. We decided the brochure must be aimed at the completely clueless market.

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Guest muttley

I think it's appropriate for Arsenal FC to be building houses.

They were in the ascendancy in the late 1980's early 1990'

Then everyone said they were boring.

In 2001 everyone was talking about them.

In 2003 and 2004 everyone said they were Invincible.

In 2005 the wheels came off and everyone wanted out.

:P

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To be fair it was a day-long event and we were only walking past, early afternoon.

The queuers looked quite young to me - maybe in their mid 20's. Difficult to work out if they were buying to live / let or flip.

Not sure how the financing/timing works exactly for this sort of thing. From the little advertising sandwich board vans driving up & down Holloway Road, it seems you had to put down a deposit of £10k now and you got £15k off the final asking price. The flat plans indicated typically pokey new-build 1 & 2 beds and prices seemed high compared to similar sized stuff in N5, so £15k off is neither here nor there. (Reasonable sized 1 bed flats in surrounding / nicer streets in the area start at under £200k whereas here they are advertised as starting at £285k). I read that the development has been criticised for not including much social housing, but the defence is that the area has a high percentage of social housing already. That's right in fact, there's quite a run-down, very large block right next door.

To pay £10k now for an option to buy at market + £60k (market £200K + £85k - £15k off - £10k deposit) in 3 years time, you'd have to have a lot of faith that the market will rise. It would be really interesting to know how many were reserved yesterday - definitely an indicator of confidence or lack of it in the market.

Edited by geranium

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I think it's appropriate for Arsenal FC to be building houses.

They were in the ascendancy in the late 1980's early 1990'

Then everyone said they were boring.

In 2001 everyone was talking about them.

In 2003 and 2004 everyone said they were Invincible.

In 2005 the wheels came off and everyone wanted out.

:P

and they're about to be crippled with a huge mortgage and NE

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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