crash2006 Posted January 26, 2007 Share Posted January 26, 2007 http://www.hobartslater.co.uk/thumbnail.cf...e=thumbnail.cfm he got if for £240 8 years ago, selling it for 700K Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted January 26, 2007 Share Posted January 26, 2007 err. it looks nice and it is in Knightsbridge....but 650K. I say good luck to him Quote Link to comment Share on other sites More sharing options...
stoffey Posted January 26, 2007 Share Posted January 26, 2007 he will have no problemselling that rather have this though! http://www.rightmove.co.uk/viewdetails-579...=1&tr_t=buy although it has been for sale for a very very very very long time Quote Link to comment Share on other sites More sharing options...
cells Posted January 26, 2007 Share Posted January 26, 2007 less than 200m from my school its a nice area thats for sure, it can be let VERY VERY easily, bt 650k for a 2 bed flat. Quote Link to comment Share on other sites More sharing options...
stoffey Posted January 26, 2007 Share Posted January 26, 2007 sign of the times, and it is a desirable location.(as they say) If he doesnt get full asking he will get pretty close i reckon. And its near a school, thats another bonus. Will be interesting to see how long it lasts. Make sure you post if and when it sells............ It is foookin crazy though...i agree Quote Link to comment Share on other sites More sharing options...
DaggaDagga Posted January 26, 2007 Share Posted January 26, 2007 Amazing how £300 of laminate flooring can apparently add £100k to the asking price. Some dipstick will pay for it though. It is only one floor of a terraced house though. Quote Link to comment Share on other sites More sharing options...
cells Posted January 26, 2007 Share Posted January 26, 2007 sign of the times, and it is a desirable location.(as they say) If he doesnt get full asking he will get pretty close i reckon. And its near a school, thats another bonus. Will be interesting to see how long it lasts. Make sure you post if and when it sells............ It is foookin crazy though...i agree its actually very very close to a university (that’s what i meant by school) , but more importantly this university has a VERY large proportion of oversees students which pushes up the rental prices by at lest 30% during 2months mad rush to rent for the students. That place would go for no less than £150 per week per bedroom + £150 on top for reception. So if you converted that big ass reception into a bed room + reception you would EASILY get £600pw and you would be pretty much guaranteed to have it rented out all the time! The place is also within a 10min walk of the science museum, the national history museum, the royal Albert hall, Kensington palace, Harrods of London, and more Quote Link to comment Share on other sites More sharing options...
Buddleia Posted January 26, 2007 Share Posted January 26, 2007 So what if it's near a school? Who the hell could raise children to school-age in a flat that size? The poor gardenless mites ... Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted January 26, 2007 Share Posted January 26, 2007 The poor gardenless mites ... Don't worry! they can sleep in the spacious kitchen next to the oversees Imperial college student Quote Link to comment Share on other sites More sharing options...
cells Posted January 26, 2007 Share Posted January 26, 2007 So what if it's near a school? Who the hell could raise children to school-age in a flat that size? how about some rich kids father buys the house outright because his son is going to be studying there for the next 4 years and he wants his soft ass to stay fat and chubby so buys him that place because its only 200m away! Each oversees student that goes to that college pays at lest 15k to the university, and on top of that rent/bills/other crap. That makes the area inflated because of the concentration of relatively rich people! Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted January 26, 2007 Share Posted January 26, 2007 how about some rich kids father buys the house outright because his son is going to be studying there for the next 4 years and he wants his soft ass to stay fat and chubby so buys him that place because its only 200m away! cells - you are a funny f**ker Quote Link to comment Share on other sites More sharing options...
stoffey Posted January 26, 2007 Share Posted January 26, 2007 cells - you are a funny f**ker funny yes, but he has a valid point, as for the garden thing, I would reccomend a sandpit one of those ones you can close. Giant shell thingy..............perfect. Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted January 26, 2007 Share Posted January 26, 2007 (edited) also just down the road from the Russian Orthodox Church in London. Anyway, sounds about right, prices in London from 10 years ago have generally tripled, I last house hunted in '96 and looking around now I mostly see tripled prices - madness of course. Oh for hindsight... Edited January 26, 2007 by TeddyBear Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 26, 2007 Share Posted January 26, 2007 less than 200m from my schoolits a nice area thats for sure, it can be let VERY VERY easily, bt 650k for a 2 bed flat. ....that doesn't even have an effing bath!!! I say again, 650k for a flat that doesn't even have a BATH!!! Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 27, 2007 Share Posted January 27, 2007 you would EASILY get £600pw and you would be pretty much guaranteed to have it rented out all the time! With an IO mortgage at 6% IR you would need to get at least £750 a week just to break even. And thats not even allowing for voids, insurance, maintenance, rental company fees etc. Quote Link to comment Share on other sites More sharing options...
cells Posted January 27, 2007 Share Posted January 27, 2007 With an IO mortgage at 6% IR you would need to get at least £750 a week just to break even. And thats not even allowing for voids, insurance, maintenance, rental company fees etc. 1: I never said it was a good investment 2: Which fool would get a 6% when you can get less than 5.5% fixed from most banks! Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 27, 2007 Share Posted January 27, 2007 1: I never said it was a good investment2: Which fool would get a 6% when you can get less than 5.5% fixed from most banks! 1. And I merely emphasised that point. 2. Splitting hairs. The yield still doesn't make it viable. Quote Link to comment Share on other sites More sharing options...
Marcos Scriven Posted January 27, 2007 Share Posted January 27, 2007 1: I never said it was a good investment2: Which fool would get a 6% when you can get less than 5.5% fixed from most banks! I went to Imperial College 95-99, should have not bothered with the degree and just tried to buy a place next to it, and sold it today Quote Link to comment Share on other sites More sharing options...
cells Posted January 27, 2007 Share Posted January 27, 2007 I went to Imperial College 95-99, should have not bothered with the degree and just tried to buy a place next to it, and sold it today Quote Link to comment Share on other sites More sharing options...
DEATH Posted January 27, 2007 Share Posted January 27, 2007 London prices are totally insane. Someone will end up spending their entire life working for someone else, just because the someone else bought a house 8 years ago! Nasty!!! Quote Link to comment Share on other sites More sharing options...
ripandcap Posted January 27, 2007 Share Posted January 27, 2007 http://www.hobartslater.co.uk/thumbnail.cf...e=thumbnail.cfmhe got if for £240 8 years ago, selling it for 700K Bulls prove us wrong again. House prices only go up. Quote Link to comment Share on other sites More sharing options...
dog Posted January 27, 2007 Share Posted January 27, 2007 http://www.hobartslater.co.uk/thumbnail.cf...e=thumbnail.cfmhe got if for £240 8 years ago, selling it for 700K Two corrections (1) The asking price is not £700K but £650 (2) He is not selling it for £650K. He is trying to sell it for £650K. Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted January 27, 2007 Share Posted January 27, 2007 Two corrections(1) The asking price is not £700K but £650 (2) He is not selling it for £650K. He is trying to sell it for £650K. good point dog....I have said this soooo many times on here. It's the SOLD price that counts & nothing else!! Quote Link to comment Share on other sites More sharing options...
crash2006 Posted January 27, 2007 Author Share Posted January 27, 2007 Two corrections(1) The asking price is not £700K but £650 (2) He is not selling it for £650K. He is trying to sell it for £650K. nope he had an offer for 650k but now wants 695K Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted January 27, 2007 Share Posted January 27, 2007 nope he had an offer for 650k but now wants 695K yeah, because now is the best time to ask for offers over the top asking price. well let us know when it completes & what it SOLD for on the LR. Quote Link to comment Share on other sites More sharing options...
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