Jump to content
House Price Crash Forum
Sign in to follow this  
spyguy

One Hyde Park - Going, Going Gone?

Recommended Posts

Even by the standards of London prime that 75M one seems remarkably overpriced. What are you getting for your money? 5 bedrooms, 4 of which aren't that big, a massive hallway, a small "cinema" (1 couch's worth) and a couple of small balconies. You can do an awful lot better than that for a lot less, even in that area (a garden would be nice, for a start). Nuts. Be interesting to see what this one sells for (is this a second sale now, or is this from new?).

Share this post


Link to post
Share on other sites

OK, why all of a sudden?

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE^4197947&insId=1&sortType=6&numberOfPropertiesPerPage=10

Who's the distressed seller?

Glencore?

Arabs?

Candy's? - I knew they'd catch me with Holly Valance.

To be fair Candy's published in Jan 2014 that the Prime London will crash. So they actually got it right ... :wub: :wub: :wub:

http://www.thetimes.co.uk/tto/business/industries/construction-property/article3943342.ece

Share this post


Link to post
Share on other sites

Even by the standards of London prime that 75M one seems remarkably overpriced. What are you getting for your money? 5 bedrooms, 4 of which aren't that big, a massive hallway, a small "cinema" (1 couch's worth) and a couple of small balconies. You can do an awful lot better than that for a lot less, even in that area (a garden would be nice, for a start). Nuts. Be interesting to see what this one sells for (is this a second sale now, or is this from new?).

You could buy this place for for about 15% of that price for example:

http://www.rightmove.co.uk/property-for-sale/property-44248093.html

Share this post


Link to post
Share on other sites

You could buy this place for for about 15% of that price for example:

http://www.rightmove.co.uk/property-for-sale/property-44248093.html

A practically detached 5 376m2 house or a five bed apartment (can anyone read the square footage?) for six times the price. Hmm, let me think.

Did anyone spot that one of the one beds was originally on for £10 million? You could nearly buy the five bed house for that!

Share this post


Link to post
Share on other sites

A practically detached 5 376m2 house or a five bed apartment (can anyone read the square footage?) for six times the price. Hmm, let me think.

Did anyone spot that one of the one beds was originally on for £10 million? You could nearly buy the five bed house for that!

£5m for the flat, £70m for the address.

Share this post


Link to post
Share on other sites

If Fergus sold 375 of his Ashford houses, he could downsize with Judith into that 75m flat..

Edited by juvenal

Share this post


Link to post
Share on other sites

If Fergus sold 375 of his Ashford houses, he could downsize with Judith into that 75m flat..

Which would double in price on 10 years.

Share this post


Link to post
Share on other sites

£5m for the flat, £70m for the address.

A bit puzzled why Hyde Park should command a premium, a busy thoroughfare for traffic, modern and ugly. I can sort of get why you might want to pay a premium for the traffic free Georgian Squares in St James and Belgravia...but Knightsbridge is a bit chavie.

Share this post


Link to post
Share on other sites

A bit puzzled why Hyde Park should command a premium, a busy thoroughfare for traffic, modern and ugly. I can sort of get why you might want to pay a premium for the traffic free Georgian Squares in St James and Belgravia...but Knightsbridge is a bit chavie.

You know they way houses are more expensive if there's a Waitrose nearby - their nearest supermarket is Harrods.

Edited by This time

Share this post


Link to post
Share on other sites

A bit puzzled why Hyde Park should command a premium, a busy thoroughfare for traffic, modern and ugly. I can sort of get why you might want to pay a premium for the traffic free Georgian Squares in St James and Belgravia...but Knightsbridge is a bit chavie.

You (and I) are thinking like people who do normal stuff and would buy a flat to live in it year round. As you say, one of the many leafy Georgian squares nearby would be much nicer places to live but, if you're a billionaire type with property all over the planet who expects to stay there a few nights a year if at all, maybe the address itself (1 Hype Park, next to Harrods etc.) is more important?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   91 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.