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Hooky Monster

Could This Be The Most Overpriced...

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difficult for a non-londoner to stomach with lovely views of the M4 but for a young couple looking to get on, looks quite reasonable at 234k. The area is not stylish but it not dangerous in any way and has loads of employment within 5 mins walk nearby e..g Glaxo, Sky, Allianz,

Just thought I'd do some maths - a late twenties "call centre" level couple can easily earn 45k between themselves locally. (see http://www.reed.co.uk/jobs/customer-service/call-centre-inbound/brentford) which gives them a take home of 3K/month for both of them.

A 90% FTB mortgage would be 210k (so deposit of 24K needed which is a sticking point but deposit has always been a problem even for boomers so maybe some bomad needed).

Monthly payments (HSBC FTB 2yr fix 3.75%, 25 yr repay mortgage) = £1090 / month leaving 2K disposable income for food, utils+council tax but note - no travel bills!

Sounds like a better life than I had at that time!

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difficult for a non-londoner to stomach with lovely views of the M4 but for a young couple looking to get on, looks quite reasonable at 234k. The area is not stylish but it not dangerous in any way and has loads of employment within 5 mins walk nearby e..g Glaxo, Sky, Allianz,

Just thought I'd do some maths - a late twenties "call centre" level couple can easily earn 45k between themselves locally. (see http://www.reed.co.uk/jobs/customer-service/call-centre-inbound/brentford) which gives them a take home of 3K/month for both of them.

A 90% FTB mortgage would be 210k (so deposit of 24K needed which is a sticking point but deposit has always been a problem even for boomers so maybe some bomad needed).

Monthly payments (HSBC FTB 2yr fix 3.75%, 25 yr repay mortgage) = £1090 / month leaving 2K disposable income for food, utils+council tax but note - no travel bills!

Sounds like a better life than I had at that time!

i posted this beauty on another thread earlier today.

One bed flat, Peckham, 550 sq feet, £335k.

I keep turning round expecting the horsemen of the apocalypse to ride past.

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2 bed flat in Brentford

http://www.rightmove...y-25637349.html

I lived in Brentford for a year, and really do not like the place. It seems to base it's prices on the fact it's next to Kew and Chiswick so somehow that makes it alright. Dropping a gold watch next to a dog turd doesn't make the turd any better. No local tube, no fast rail into London central. I haven't looked at prices there for ages so it was pretty shocking having a look just now.

This http://www.rightmove...y-40024802.html has less sq metres and is 65k more.

And this is the cheapest 2 bed flat currently on the market there. http://www.rightmove.co.uk/property-for-sale/property-25988682.html There's no words I can use.

Edited by Starla

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I lived in Brentford for a year, and really do not like the place. It seems to base it's prices on the fact it's next to Kew and Chiswick so somehow that makes it alright. Dropping a gold watch next to a dog turd doesn't make the turd any better. No local tube, no fast rail into London central. I haven't looked at prices there for ages so it was pretty shocking having a look just now.

This http://www.rightmove...y-40024802.html has less sq metres and is 65k more.

And this is the cheapest 2 bed flat currently on the market there. http://www.rightmove.co.uk/property-for-sale/property-25988682.html There's no words I can use.

I used to rent in Kew in 2007. Loved it but couldn't afford to buy anything there, so had a look at the relatively cheaper nextdoor Brentford... and ran a mile after a couple of viewings!

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2k per month disposable income is a lot even for London standard.

I disagree, £2k before bills for a couple is about right. Actually, I'd also argue that you would struggle to live in London and enjoy it (money for socialising, holidays, and a bit of saving) for less than £2k before bills.

Edited by mk1mini

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Yes, 561 sq feet is absurdly small, and yes, it is right next to the M4/A4. In absolute terms, £235K does seem pretty crazy.

But a decent size (say 750+ sq feet) 2 bed flat in Brentford with a river view will set you back around £350K to buy, so it's not overpriced compared to the rest of the market.

Besides, it is handy for the Piccadilly Line and trains to Waterloo, the area is safe enough, and there's a fair bit of greenery around - Boston Manor Park and the Grand Union Canal are nice.

Perhaps I've become too used to crazy prices - I'm renting an admittedly much bigger 2 bed flat in Brentford for £1500 / month, so viewed on a short term basis a monthly mortgage payment of £1100 / month doesn't look too bad. Wonder what the service charges are like though.

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I used to rent in Kew in 2007. Loved it but couldn't afford to buy anything there, so had a look at the relatively cheaper nextdoor Brentford... and ran a mile after a couple of viewings!

I concur. Once I left Brentford I upgraded to Chiswick, the Kew Bridge/River end. I loved that area too and what a difference moving 1 mile made.

Perhaps I've become too used to crazy prices - I'm renting an admittedly much bigger 2 bed flat in Brentford for £1500 / month, so viewed on a short term basis a monthly mortgage payment of £1100 / month doesn't look too bad. Wonder what the service charges are like though.

I was renting a massive split level 3 bed, 2 bathroom flat in one of Chiswicks river roads last year for £1,625pm. I know we've all got our reasons for the area's we choose but for the money I think you'd be surprised how expensive Brentford is becoming for what it actually is. I'm biased as I never really felt safe there, I was in a gated development, with chavs and staffies hanging around 24/7.

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I concur. Once I left Brentford I upgraded to Chiswick, the Kew Bridge/River end. I loved that area too and what a difference moving 1 mile made.

I was renting a massive split level 3 bed, 2 bathroom flat in one of Chiswicks river roads last year for £1,625pm. I know we've all got our reasons for the area's we choose but for the money I think you'd be surprised how expensive Brentford is becoming for what it actually is. I'm biased as I never really felt safe there, I was in a gated development, with chavs and staffies hanging around 24/7.

Hmm, thanks Starla, that's interesting. I'd always assumed Chiswick was out of my price range, might need to expand my Rightmove search area when our tenancy renewal comes up :)

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Hmm, thanks Starla, that's interesting. I'd always assumed Chiswick was out of my price range, might need to expand my Rightmove search area when our tenancy renewal comes up :)

Just had to check prices haven't gone up 300% since I moved out and I was talking rubbish. Nope, Rightmove is full of them, some great garden flats in really nice roads. I think everyone must be so loaded round there they don't check yeilds or bother to put the rent up.

http://www.rightmove...y-38424208.html

Edited by Starla

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I was renting a massive split level 3 bed, 2 bathroom flat in one of Chiswicks river roads last year for £1,625pm. I know we've all got our reasons for the area's we choose but for the money I think you'd be surprised how expensive Brentford is becoming for what it actually is. I'm biased as I never really felt safe there, I was in a gated development, with chavs and staffies hanging around 24/7.

I don't think that is biased at all. If it is like that, most rational people would not enjoy living there either. Safety has got to be one of the top concerns for most people.

I am really surprised that the rental prices in Chiswick are so low. That is about 2 bed flat money in Surbiton's river roads and that would be on a flat worth around £400k. Surely a flat like that in Chiswick must be worth more like £650k? That certainly makes for a pretty poor yield, but a good result for those renting it.

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I am really surprised that the rental prices in Chiswick are so low. That is about 2 bed flat money in Surbiton's river roads and that would be on a flat worth around £400k. Surely a flat like that in Chiswick must be worth more like £650k? That certainly makes for a pretty poor yield, but a good result for those renting it.

2 bed garden flats in Chiswick seem to start around £375k, (i.e. not ex LA, with private garden, charactar conversion, not Acton masquerading as Chiswick etc) eg http://www.rightmove...y-37245121.html The one in my original link would be about £375k-£400k asking rent of £1,425 pm.

Referring back to river roads, this one in Chiswicks river road http://www.rightmove...y-26977668.html is asking £1,248 per month and the last one sold in that block last year went for £350,000. I've visited that block and it has communal gardens on the river front, roughly where the boat race ends every year. Terrific road, and at that price I'd certainly rent it.

Oh dear, does this mean Surbiton has broken the sound barrier and is trying to surpass Chiswick prices now?

Edited by Starla

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Oh dear, does this mean Surbiton has broken the sound barrier and is trying to surpass Chiswick prices now?

I don't know. Flats on the river roads in Surbiton have been £300k+ for quite a long time now, and in fact it is only the huge supply that has kept them from going up in this last part of the bubble in the same way houses have.

I just assumed Chiswick was on a completely different level price-wise. For example:

http://www.rightmove.co.uk/property-for-sale/property-26854770.html

This house is bigger than it looks, and might sell for £650k in the best part of Surbiton with a following wind. In Chiswick it is over £1m!

I don't understand how houses can be that much more expensive and flats broadly the same price. As I noted in the Kingston thread, I already think the difference between flats and house prices is too much, but it appears in Chiswick it is wider still. Perhaps that is always how it was before this madness took off?

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  • 238 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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