maverick73 Posted April 27, 2017 Share Posted April 27, 2017 The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k + Does anyone think this maisonette is a value for money? - Link Quote Link to comment Share on other sites More sharing options...
adarmo Posted April 27, 2017 Share Posted April 27, 2017 7 minutes ago, maverick73 said: The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k + Does anyone think this maisonette is a value for money? - Link I can't see any twigs in a vase so not a penny over £300k Quote Link to comment Share on other sites More sharing options...
hayder Posted April 27, 2017 Share Posted April 27, 2017 (edited) its 90m2 built area with room for expansion into the garden (possibly?), or even building an outbuilding for storing stuff and having a workshop. 0.7 miles to nearest underground. and not too far from main road arteries. its actually a pretty good deal considering this is london. I'd offer 300k for it. but not really into the area. Edited April 27, 2017 by hayder Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 27, 2017 Share Posted April 27, 2017 Not a straight wall in the place, $hite! Quote Link to comment Share on other sites More sharing options...
R1ch Posted April 27, 2017 Share Posted April 27, 2017 That's not a maisonette, that's an apartment with a loft... Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted April 27, 2017 Share Posted April 27, 2017 Those stairs look scary. Quote Link to comment Share on other sites More sharing options...
Tempus Posted April 27, 2017 Share Posted April 27, 2017 (edited) 3 hours ago, maverick73 said: The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k + Does anyone think this maisonette is a value for money? - Link And 'only' £239K just a few years ago in 2013, yet they wanted £425K. Plus without the Brexit vote effect, who would have been surprised if they'd been asking £450K or more? But that pretty much sums up London in recent years. Insane rises when wages have been flat. As for the Borough of Harrow, it "has been identified as being the worst place in the UK for wages, with 42 per cent of jobs there paying less than the London Living Wage." http://www.standard.co.uk/news/london/more-than-750000-workers-do-not-earn-london-living-wage-of-915-per-hour-a3088136.html Edited April 27, 2017 by Tempus Quote Link to comment Share on other sites More sharing options...
btd1981 Posted April 27, 2017 Share Posted April 27, 2017 Hmm. Apologies for potential beer logic but I never understand this sort of listing history: First on at 425. Presumably no offers to their liking, so reduce to 400. Now they want 'offers over' 375... So either, they have previously only received offers below 375, and they think somehow that reducing the asking price is going to entice people to offer more than this all of a sudden, or, they have previously rejected offers between 375 and 425, but now will suddenly be happy to accept one!?! Or, they have received no offers Quote Link to comment Share on other sites More sharing options...
hayder Posted April 27, 2017 Share Posted April 27, 2017 (edited) It'll work as an HMO for a budding BTL'er could easily let out as 5 rooms at 400 quid a pop (make the loft into 2 extra rooms)... with 1 void at a time that's 1600 quid income minus expenses, would easily cover the 1300-1400 odd quid mortgage. By 2017 london standards. this isn't a horrid place at all. There's a lot worse out there. Edited April 27, 2017 by hayder Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 27, 2017 Share Posted April 27, 2017 6 minutes ago, btd1981 said: Hmm. Apologies for potential beer logic but I never understand this sort of listing history: First on at 425. Presumably no offers to their liking, so reduce to 400. Now they want 'offers over' 375... So either, they have previously only received offers below 375, and they think somehow that reducing the asking price is going to entice people to offer more than this all of a sudden, or, they have previously rejected offers between 375 and 425, but now will suddenly be happy to accept one!?! Or, they have received no offers 400,000 and offers over 375 is exactly the same. Time wasters. It'll be on the rental market soon. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted April 28, 2017 Author Share Posted April 28, 2017 I'll think about offer them £280k. I'm guessing that everyone will attempt to cash in. Its cheaper than apartments which go for £450k in that area. Quote Link to comment Share on other sites More sharing options...
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