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Woking


Stevewho
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I think there must be a few choices for those who are priced out of what they really want.

From what I've seen Hemel Hempstead is a bit grim, but the trains are all fast (30 minutes or less), and it seems to be 20-25% cheaper than Woking also http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43263737&sale=910378&country=england

And Luton literally half the price http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=12207144&sale=50337107&country=england

Ok it's grim, and the local comp is a probably a madrasah, but I'm sure it's not in reality any worse than most of these godforsaken suburbs people have now decided are worth £700/sq ft

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  • 3 weeks later...
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Some new sales:

£240k for 640 sq ft council house thing http://www.zoopla.co.uk/property/2-quintrell-close/horsell/woking/gu21-3bt/9976368 This buyer did better: http://www.zoopla.co.uk/property-history/141-brookfield/horsell/woking/gu21-3ae/31312088

£775k doesn't seem too bad for this 2k+ sq ft place http://www.zoopla.co.uk/property-history/winsford/ridgeway-close/horsell/woking/gu21-4rd/31531723 Slightly ugly I guess

Doubled since 2008: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=22172345&sale=51485003&country=england

Someone went well over asking for this: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=22172345&sale=51485003&country=england £700k seems to be the mark now for a small 4-bed detached in this area.

Nice road, nice house, bigger than the above £825k, http://www.zoopla.co.uk/property-history/little-dale/horsell-park/horsell/woking/gu21-4ly/31668294

Slightly cheaper than the above two, due to the lack of character and slightly inferior location: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43602121&sale=51238154&country=england

Another over asking, needs some money spent on it too http://www.zoopla.co.uk/property-history/overdale/south-close/horsell/woking/gu21-4tb/32061129

Slightly better neighbour of the above: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43872521&sale=51484943&country=england

So, tiny council house: £250k, 4-bed 1300-sqft 1930s detached £700k.

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Some new sales:

£240k for 640 sq ft council house thing http://www.zoopla.co.uk/property/2-quintrell-close/horsell/woking/gu21-3bt/9976368 This buyer did better: http://www.zoopla.co.uk/property-history/141-brookfield/horsell/woking/gu21-3ae/31312088

£775k doesn't seem too bad for this 2k+ sq ft place http://www.zoopla.co.uk/property-history/winsford/ridgeway-close/horsell/woking/gu21-4rd/31531723 Slightly ugly I guess

Doubled since 2008: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=22172345&sale=51485003&country=england

Someone went well over asking for this: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=22172345&sale=51485003&country=england £700k seems to be the mark now for a small 4-bed detached in this area.

Nice road, nice house, bigger than the above £825k, http://www.zoopla.co.uk/property-history/little-dale/horsell-park/horsell/woking/gu21-4ly/31668294

Slightly cheaper than the above two, due to the lack of character and slightly inferior location: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43602121&sale=51238154&country=england

Another over asking, needs some money spent on it too http://www.zoopla.co.uk/property-history/overdale/south-close/horsell/woking/gu21-4tb/32061129

Slightly better neighbour of the above: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43872521&sale=51484943&country=england

So, tiny council house: £250k, 4-bed 1300-sqft 1930s detached £700k.

It shows how London prices have got more insane. South London was cheaper than Woking 14 years ago now it is more expensive (which is logical as Woking isn't that great a place).

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It shows how London prices have got more insane. South London was cheaper than Woking 14 years ago now it is more expensive (which is logical as Woking isn't that great a place).

It is just current fashion, though, isn't it? Central London has always been too expensive for most people, and up until a few years ago, they'd prefer the sub-30 minute commute out to Woking rather than living in the hinterland of SE London. Woking town centre might not be great, but it is better than most places with an SE postcode, and the surrounds are a lot better.

Now more people prefer to stay as close to London as possible, and prices have reflected this. There are some valid reasons - the commute is a bit shorter and a lot cheaper, you are not 100% reliant on one single train operator and a cab home is possible.

The rest is just down to current fashion. More people seem to prefer to live in the traditional Victorian terraced houses than a more spacious semi or detached place a bit further out. I wonder what the previous generation think about that - they could not wait to leave those terraced houses behind and move further out to larger houses.

If this change in relative values is to be permanent, there needs to be serious social change. If you spend a Saturday night on Lee High Road, it makes the chavs hanging around Woking Wetherspoons actually seem quite agreeable! Sure, SE London is getting it's share of Farrow & Ball-painted gastro-pubs, but I see don't see much that constitutes real regeneration.

If regeneration happens too slowly and crime rates don't go down, how long is it before families start swapping their £600k terraced houses there for £600k detached houses in Woking, the balance changes and we start all over again?

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I guess people get used to it, the schools work a bit harder to please the middle class kids, and the houses get fitted out with new kitchens and the floorboards get polished, but fundamentally the people who live there don't change. Hell you are far more likely to be mugged or burgled in Chelsea than Woking, but it doesn't seem to put people off.

I don't see the appeal of terraces at all, but il guess the walls are fairly solid in these things?

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I guess people get used to it, the schools work a bit harder to please the middle class kids, and the houses get fitted out with new kitchens and the floorboards get polished, but fundamentally the people who live there don't change. Hell you are far more likely to be mugged or burgled in Chelsea than Woking, but it doesn't seem to put people off.

I don't see the appeal of terraces at all, but il guess the walls are fairly solid in these things?

I think that people have become a lot more desensitised to crime, but when it is very ouvert like in parts of SE London they still get scared. As you say, Chelsea is a high crime area itself, with bars on residential windows on the basement and ground floors in a lot of streets, but people still pay a fortune to live there.

The terraced housing trend has become a self-fulfilling prophesy. People started to move into them because they were the predominant form of housing in the areas they wanted to move to, and now the houses themselves have become popular, even though they are houses you couldn't give away a few years ago. Near where I live in Kingston, there was supposedly rejoicing in the streets in the 60s when 'Victorian slums' were removed to build the high rise 'Cambridge Estate'. That estate has now decayed like the rest of them, it is the poorest part of the borough and needs to be knocked down. Meanwhile, people are paying a fortune to live in the houses just like those that were knocked down to make way for them.

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  • 4 months later...

Someone looking for a tidy profit here:

http://www.zoopla.co.uk/for-sale/details/35197582

£571k in 2012, new driveway, etc., rented out for a year, now on at £900k.

Yep, highest price on the road is £700k under a year ago. I guess they might get £750k if there is a buyer out there who is still getting carried away with the market, but surely £900k is just too far away from reality?

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Yep, highest price on the road is £700k under a year ago. I guess they might get £750k if there is a buyer out there who is still getting carried away with the market, but surely £900k is just too far away from reality?

Well there's a £725k here http://www.zoopla.co.uk/property-history/31-wheatsheaf-close/horsell/woking/gu21-4bl/27556866

Similar properties, this one is a little better, so I guess an £800k asking price looking for £750-£775 is sensible. But not £900k.

Speaking of ridiculous, apparently someone paid £800k for this:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=18905286&sale=52550711&country=england

I can only assume it's an error with the price recorded.

I posted this abomination earlier in the thread, when they were asking £630k. Finally sold for £610k http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43087456&sale=52550954&country=england

New prices being established everywhere:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30499737&sale=52284863&country=england

Would have been £850k in 2012, now sold at £1.075m.

Its neighbour, also sold at £1m http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=45815113&sale=52550726&country=england

Asking prices for future sales will inevitably now start at £1.1m

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have you not found a place yet ?

I'm not looking per se.

I looked in 2006/2007, and decided that £600k worth of house didn't impress me much and went with renting instead.

Since then I haven't seriously contemplated buying anything, just window shopping.

Also now I'm probably not going to get a mortgage, so at the moment my budget is not more than £500k cash only, which gets you a heap of crap.

So just keeping on renting on.

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i am surprised really if you had that kind of cash in 2006 2007 , that the drop in 2008 did not make you want to purchase anything.

500k invested in a detached house in a half decent area would have yielded 1m+ by now as shown in the above examples.

as the banks are offering 10 year fixes at less than 3% now , that seems to suggest that a rate cut is on the way , sucker existing mortgagees in before cutting the rate .

i would go down the self build route if a suitable house or plot can be found , if you are happy to rent in the meantime

having 200k sat in accounts earning 1.4% is really starting to get to me , might go down the btl route if yield can be found or try some more risky investments

http://www.nutmeg.com/

Edited by longgone
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i am surprised really if you had that kind of cash in 2006 2007 , that the drop in 2008 did not make you want to purchase anything.

500k invested in a detached house in a half decent area would have yielded 1m+ by now as shown in the above examples.

as the banks are offering 10 year fixes at less than 3% now , that seems to suggest that a rate cut is on the way , sucker existing mortgagees in before cutting the rate .

i would go down the self build route if a suitable house or plot can be found , if you are happy to rent in the meantime

having 200k sat in accounts earning 1.4% is really starting to get to me , might go down the btl route if yield can be found

No in 2006/7 it would have been a mortgage, I didn't have that much cash then.

I did in 2008 look at 50% drops on flats in places like Croydon and say 'huh, 12% yield, that looks interesting', but I didn't take it further than saying 'that looks good', probably followed by 'I don't really want to be a landlord'.

I am very risk-adverse, which is silly in a way because doing nothing is also risky.

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No in 2006/7 it would have been a mortgage, I didn't have that much cash then.

I did in 2008 look at 50% drops on flats in places like Croydon and say 'huh, 12% yield, that looks interesting', but I didn't take it further than saying 'that looks good', probably followed by 'I don't really want to be a landlord'.

I am very risk-adverse, which is silly in a way because doing nothing is also risky.

I am risk adverse as well, and therefore in a similar situation! You are right to say that doing nothing is risky. It always has been, but I don't think anyone could have predicted what the realistic worst outcome would have been by not buying a house in 2009-10.

House prices were already massively inflated then by any historical measure, which didn't necessarily mean there was going to be an instant 50% crash, but I don't think that even the most bullish commentator would have seen them rocketing up again as much as they have from that high base.

My budget was less than yours, but I was shocked at how little £450k bought you in 2010 in my area, so I am even more shocked that the same s**t is over £700k now

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  • 2 weeks later...

Yeah it's a little cheaper than average for Woking because it's over a mile to the town centre from there (handy for Asda only). It's just set back from the road but the road it's on is basically a B-road carrying all the traffic from Woking to Pyrford and Ripley. Also everything north of it is basically a council estate. And you're at the bottom of a hill, so the mile or so is going to seem further if you're walking to the station.

Looks quite nice inside though.

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  • 4 weeks later...

SSTC at £700k?

http://www.zoopla.co.uk/for-sale/details/35972940

It's about £450k's worth I think for a squeezed in bungalow, maybe £500k with the nice kitchen + conservatory.

Compared to its £550k neighbour it doesn't look too smart

http://www.zoopla.co.uk/for-sale/details/35890443

And F***tons are taking the p*ss with this at £559k

http://www.zoopla.co.uk/for-sale/details/35963130

The interior befits what this house is - fundamentally a cheap house in a cheap area - Woking's Pakistani ghetto. Unless you can somehow divided that up into a MMO and put more immigrants in sheds in the garden, it's hard to come anywhere near that price.

This http://www.zoopla.co.uk/new-homes/details/35251836 triesto make out it's some kind of rural idyll, but streetview would suggest it's just a boring residential street miles from any amenities, and the pictures show it's cramped with the inevitable three-houses-squeezed-into-a-plot-for-one postage-stamp garden that you get with these newbuilds.

If you spent £650k on this drek http://www.zoopla.co.uk/for-sale/details/35989197you could pretend you were living in Clapham, with your cramped frontage and non-existent garden. Only 50% up on 2003, but that's presumably because it was a newbuild with all the associated nonsense then.

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Hi there,

I went to view some new build property in Woking last weekend and I personally think Woking has changed somewhat since I remember it a little over 10 years ago, for the better and for the worst, I feel it has become more of a mixed bag than I remember but felt compared to some of the other locations going more towards London it was far better value for money, even the new builds I looked at were pretty reasonably priced in the grand scheme of things 4 bedrooms from £539K and a big 5 bed detached for £750K, obviously you do pay a premium for a new build: https://www.cala.co.uk/homes-for-sale/thames/brookwood-farm but very decent compared to some of the other property currently on estate agents books. What is your opinion?

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That is exactly my opinion of it. Nowhere in SE England offers anything like reasonable value if you go by the 'old fashioned' way of comparing prices to salaries, but Woking comes closer than most.

There are poor parts and the town centre is pretty naff, but it also has a lot of nice bits and a train service that is unrivalled anywhere else in Surrey - Walton & Weybridge are closer to London but have slower and less frequent trains, Surbiton is quite a lot closer in but only saves you a few minutes and you can't get decent standing room on rush hour trains from there anymore.

As with anywhere, it depends what exact area you buy in, but the way I see it you can buy in a good part of Woking for the same cost as a poor part of Weybridge or Guildford and you still get access to the better train link and the same countryside and road communications that benefit those places. Ok, the coffee shop and restaurant scene probably isn't as good in Woking, but you could afford to get a cab back from one of those places each week for the rest of your life for a fraction of the money you'd have saved by not actually living there.

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