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Stevewho
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I have finally calmed down after being incandescent with rage this weekend.

This little beauty was on the market for £325,000 just before Christmas.

http://www.rightmove.co.uk/property-for-sale/property-43425505.html

They haven't even done any work to the place, just put up a fence!!! :angry:

In fact just looking at it now has made my blood boil........all I want is a house to live in, grrrrrrrrrr.

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It really is starting to get a bit ridiculous in Woking now. I was down the pub last night with 3 mates. They were all talking about how much they had made on their properties over the last couple of years.

I have the opportunity to buy my current rented house from my landlord for a discount of circa £20,000 off the other properties on the street (needs redecorating, kitchen, garden doing etc.) I'm now thinking of taking him up on the offer........is this signs of a bubble? I just don't know anymore. I don't even like the house, or area but its all I can afford in the area :blink:

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What's your effective rental yield like?

The house we moved into 7 years ago is now around 20% more expensive in its capital value (rent up in that time by only 3%), but on the plus side the gross yield is under 3%, so it's cheaper than buying.

So it makes sense for us neither to move nor buy.

Looks like now the rental value (relative to buying) is at £2000/month generally. Which is quite a lot of money really, but still potentially cheaper than buying.

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That house has been on and off the market for at least 10 years. The owner must derive some peculiar arousal from his home being permanently for sale.

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A lot of overpriced stuff coming to market now it seems.

This didn't sell in 2011 at £1.5m

http://www.zoopla.co.uk/property-history/butterfield/heathfield-close/woking/gu22-7jq/15765756

so they've painted it yellow and stuck £750k on the price

http://www.zoopla.co.uk/for-sale/details/32082354?search_identifier=93d254ef5e17713862325be7327ce1d6

Obviously this won't sell.

Now SSTC? :blink:

This house http://www.zoopla.co.uk/for-sale/details/32079415?search_identifier=93d254ef5e17713862325be7327ce1d6 sold in 2012 for £625k and is now on at £725k

http://www.zoopla.co.uk/property-history/30-wheatsheaf-close/horsell/woking/gu21-4bp/15741737

They claim

"The current homeowners have renovated the home throughout within the last year."

The crappy kitchen determines that this is a lie. It doesn't appear to have had any meaningful renovations at all.

Looks like the agents are playing games here. The original listing has been pulled, it was relisted £25k lower and now 'Under Offer' (with a sold sign outside) too:

http://www.zoopla.co.uk/for-sale/details/32421283

I presume:

* listed at £725k

* offer accepted at somewhere in the £675k- £700k region

* agents pull overpriced original listing and relist at £700k purely to make themselves look better.

This place needs a clean, and is being offered at £600k for 1300 sq ft

http://www.zoopla.co.uk/for-sale/details/32082353?search_identifier=93d254ef5e17713862325be7327ce1d6

Anything over £500k is too much for this.

Now reduced to £575k. Still crap though.

This flat was last sold for £235k in 2006:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43087450&sale=41230277&country=england

I see no reason to go over £250k, but they are asking £350k.

Under offer at £325k

http://www.rightmove.co.uk/property-for-sale/property-42913081.html

Definitely a sellers market.....

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More HPI courtesy of our friends at F**kstons

http://www.zoopla.co.uk/property-history/29-park-road/woking/gu22-7bx/18980404 - not sold at £975k

http://www.zoopla.co.uk/for-sale/details/32521460 - now £1.15m

Flooring looks pretty crappy.

It was on for £875k as recently as December, with Seymours. Clearly nothing a 30% price increase won't solve!

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  • 2 weeks later...

More sales:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43884473&sale=50805917&country=england - £1.15m just south of train station ~2000 sq ft. Nicely updated, but undersized plot. £500+/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=40538344&sale=50805800&country=england - £720k, a bit far from the station/Horsell village centre. 1700 sq ft + garage. Reasonable garden. £400+ / sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43766249&sale=50806019&country=england - council flat-like object £190k @ 665 sq ft (£285/ sq ft)

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43173389&sale=50806016&country=england - slightly larger council-flat like object £221k @ 827 sq ft £267/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=28337667&sale=50805992&country=england - council house thing £315k @ 970 sq ft £325/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30059851&sale=50806061&country=england £125k @ 534 sq ft £235/sq ft **** end of Woking.

http://www.rightmove.co.uk/property-for-sale/property-40786162.html - attractive flat conversion @ 917 sq ft £245k - £265 / s q ft

http://www.rightmove.co.uk/property-for-sale/property-41855269.html - someone died in it, semi @ 947 sq ft £300k - £316 / sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43202395&sale=50805809&country=england - large semi in Horsell @ 1845 sq ft - £700k, £380/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=41842066&sale=50805788&country=england - period semi 1090 sq ft 10% over asking price @ £550k - £500/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=40956496&sale=50805830&country=england - terrace on the edge of the Pakistani ghetto (but not a bad location really) £265k 762 sq ft = £350/ sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42805331&sale=50550149&country=england - big detached, ever so slightly distant from amenities £910k - £375/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=44532101&sale=50550335&country=england - shiny new-build (in 2006!) flat 525 sq ft @ £190k £360/ sq ft - still worth less than new

And some a a couple of miles away:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=40421008&sale=50806148&country=england - in Send village, slightly odd looking detached, garden not huge - £590k = £366/sq f t

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42556064&sale=50805905&country=england - in Hook Heath, this one is a bit more convincing as the middle class family home - 2700 sq ft + garage, garden is dominated by the decent-looking (but think of the cleaning, heating, etc. bills) outdoor swimming pool - £900k - £333/sq ft

http://www.rightmove.co.uk/property-for-sale/property-29122542.html?premiumA=true - same as above basically, but with a much better finish - £1.1m - £395/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=28703064&sale=50806178&country=england - half-way between Woking and Chobham £1.475 m for 3318 sq ft - £444/ sq ft. Nice finish, more traditional/sturdy looking than the one above.

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43471598&sale=50805701&country=england - bog standard semi in Knaphill, but not needing any money spent - 1020 sq ft - £315k - £310/sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43088473&sale=50819588&country=england - in Ottershaw, rail access from here is basically a non-starter, £580k for for only around 1100 sq ft. I can only assume the ludicrous looking price is due to proximity to Ottershaw park, but I can't be sure.

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=29396010&sale=50806154&country=england - Send large bungalow needing a little modernisation £690k - 2470 sq ft - £280/ sq ft

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43834406&sale=50819555&country=england - odd detached 2140 sq ft in Woodham, £390/ sq ft £830k

Basically: family housing near the station v. expensive. You can save a lot of money by buying a bike....

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  • 5 weeks later...

I've just put in an enquiry with the registrar at Ashford School (Kent, not Surrey). Going to have a look around there I think. Had enough of this nonsense really.

Went there today, school was nice enough, the town is like being in another country compared with Woking, all these fat badly dressed people, 99p stores and so on, it's enough to give you depression just being there.

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  • 2 weeks later...

This house isn't very central, the price is quite high @ £400 sq/ft, and it looks a bit odd too. All-in-all not very impressive for £665k IMo http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42085591&sale=905254&country=england

This one is a good bit more central and much the same size + price:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42356494&sale=905242&country=england

£635k for something not exactly insipring but solid is as good as it gets I think at the moment.

This is far too much money for a terrace, £387k (someone offered over asking price!) and under 1000 sq ft:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=21566289&sale=905245&country=england

This is relatively large for £586k (1500 sq ft + garage), and central, the garden is slightly cramped though: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=26892825&sale=905371&country=england

This is even bigger, http://www.rightmove.co.uk/property-for-sale/property-42035020.html and went a good bit over askign at £648k. It's definitely not in the right location for top money, but it seems decent enough value for the size.

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Bit too modern for my tastes. Looks like a small plot too.

This one needs modernising, but it's still much better http://www.zoopla.co.uk/for-sale/details/32198558

This better one sold in 2012 at £925k, so it's certainly overpriced http://www.zoopla.co.uk/property-history/alcester/hockering-gardens/woking/gu22-7da/17613247

This is kite flying IMO

http://www.zoopla.co.uk/for-sale/details/32158696

It's a nice road, all substantial detached houses, a cul-de-sac though there's a footpath with some pedestrian traffic leading between Woking and Horsell. The problem is no one has ever paid even a million on this road.

They've cut £100k off the price, and keep relaunching. No bites though.

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Here's one of those local newspaper style section type properties.

www.zoopla.co.uk/for-sale/details/33155145

Been trying to sell for over a year, originally at £3.5m Now down to £2.75m

for nearly 3m , you can buy a big fuc*off house in pretty much anywhere in surrey , why buy in woking :D

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It's not in Woking though. It's 13 acres in the middle of the forest with no neighbours. When you are buying that kind of house, the postal address shouldn't matter. Though obviously it does, people will pay a premium for St George's Hill or Virginia Water. Stupid though.

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It's not in Woking though. It's 13 acres in the middle of the forest with no neighbours. When you are buying that kind of house, the postal address shouldn't matter. Though obviously it does, people will pay a premium for St George's Hill or Virginia Water. Stupid though.

trouble is you are forgetting you may need to move it on in the future , and unfortunately the rich are stupid too so they need reassurance they are buying in the right place :rolleyes:

sometimes it`s best to see the stupid person`s point of view in business.

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22? Shortest I can find in the timetable is 27, but say 30 minutes and you're probably about right.

Anyway, £500k for this anyone?

http://www.zoopla.co.uk/for-sale/details/33313414

It's not central, small, small garden, shouldn't be any more than £250k really.

Jokers here, can't sell for £825k in 2012?

http://www.zoopla.co.uk/property-history/lindholme/morton-road/horsell/woking/gu21-4tn/19990436

Why, let's stick £125k on the price in 2014, that should do the trick.

Another p*ss take, £780k for this? http://www.zoopla.co.uk/for-sale/details/33285130

This is a newbuild from 2007, £650k then, a retrospective change of use planning on the garage, and wham bam £1.285 million ma'am http://www.zoopla.co.uk/for-sale/details/33298580

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22? Shortest I can find in the timetable is 27, but say 30 minutes and you're probably about right.

Anyway, £500k for this anyone?

http://www.zoopla.co.uk/for-sale/details/33313414

It's not central, small, small garden, shouldn't be any more than £250k really.

Jokers here, can't sell for £825k in 2012?

http://www.zoopla.co.uk/property-history/lindholme/morton-road/horsell/woking/gu21-4tn/19990436

Why, let's stick £125k on the price in 2014, that should do the trick.

Another p*ss take, £780k for this? http://www.zoopla.co.uk/for-sale/details/33285130

This is a newbuild from 2007, £650k then, a retrospective change of use planning on the garage, and wham bam £1.285 million ma'am http://www.zoopla.co.uk/for-sale/details/33298580

I can't think of anywhere that has got a better train service than Woking. Sub-30 minutes into London, better frequency of trains than anywhere else and some you might actually be able to get a seat on. All that 25 miles from London.

It certainly puts the service that I get from Surbiton to shame and people are moving there in droves purely for the train service.

I do think that the main market in Woking is a a station for people to drive to from the beautiful surrounds and outlying areas so their overall commute is not massive despite living in the countryside, but I don't think it is too much of a surprise the town centre is rocketing as well given the alternatives.

Anywhere further in like Weybridge and Esher are on a totally different plane now, and even Guildford with it's much inferior train link is priced much higher. Ok, Guildford is nicer, but there must come a point when the price difference and better commute combine to make Woking a better option.

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I just got back from Reading, I had a quick look for comparison.

from Reading to Paddington:

07:30 32m

07:37 30m

07:40 29m

07:45 29m

07:48 29m

07:57 34m

From Woking to Waterloo

07:40 28m

07:52 30m

07:57 27m

07:59 30m

Pretty similar.

OTOH Paddington is kinda in the middle of nowhere compared to Waterloo, so you probably need to add on another 10-15 minutes to that, depending on where you work.

I would say whereas Woking town doesn't have too many redeeming features at all, unless you like nondescript chain shopping, Reading is a bit more cosmpolitan, and I suppose potentially attractive to the sort of person who might have considered Walhamstow before they started asking £700k for a sh*tty little Victorian terrace.

This would be £700k in Woking I think. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=39387457&sale=49916969&country=england

I don't think the villages around Woking are particularly wonderful, basically IMO you either settle for a 4-bed 1200-1500 sq ft box in Horsell or other area within walking distance from the station or you go for the 4000 sq ft place a couple of miles away, but in the latter case you are doing it for the house rather than the village IYSWIM. I was down near Farnham earlier, it's lovely and rural down there, but then you are looking at a drive followed by an hour on the train, which is stupid.

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22? Shortest I can find in the timetable is 27, but say 30 minutes and you're probably about right.

It's been a few years since I moved to West Byfleet so maybe it's a shade longer now. The train I got used to be listed at 25 mins but usually arrived a couple of minutes early. Regardless, coupled with the Waterloo City line, you're only 45 minutes or so from the best paid jobs in the country.

Edit: Also convenient for (inc excellent bus service to) Heathrow, and Gatwick. Quick access to M25, M4 and M3. It all adds up to a very convenient location.

Edited by Hail the Tripod
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I just got back from Reading, I had a quick look for comparison.

from Reading to Paddington:

07:30 32m

07:37 30m

07:40 29m

07:45 29m

07:48 29m

07:57 34m

From Woking to Waterloo

07:40 28m

07:52 30m

07:57 27m

07:59 30m

Pretty similar.

OTOH Paddington is kinda in the middle of nowhere compared to Waterloo, so you probably need to add on another 10-15 minutes to that, depending on where you work.

I would say whereas Woking town doesn't have too many redeeming features at all, unless you like nondescript chain shopping, Reading is a bit more cosmpolitan, and I suppose potentially attractive to the sort of person who might have considered Walhamstow before they started asking £700k for a sh*tty little Victorian terrace.

This would be £700k in Woking I think. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=39387457&sale=49916969&country=england

I don't think the villages around Woking are particularly wonderful, basically IMO you either settle for a 4-bed 1200-1500 sq ft box in Horsell or other area within walking distance from the station or you go for the 4000 sq ft place a couple of miles away, but in the latter case you are doing it for the house rather than the village IYSWIM. I was down near Farnham earlier, it's lovely and rural down there, but then you are looking at a drive followed by an hour on the train, which is stupid.

Yep, Reading is a good call. I suppose Sevenoaks isn't far behind in time/distance and has the advantage of going to Cannon Street/ London Bridge as well as Waterloo/Charing Cross. St Albans is quick as well, but the latter two are pretty pricey.

The station that you get into in London is a lot more important than a lot of people think. A tube journey with a couple of changes could easily double the commute time from a station with a half hour journey into town. Paddington is pretty bad, Victoria is possibly the worst as you sometimes can't even get on the tube from there.

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It's been a few years since I moved to West Byfleet so maybe it's a shade longer now. The train I got used to be listed at 25 mins but usually arrived a couple of minutes early. Regardless, coupled with the Waterloo City line, you're only 45 minutes or so from the best paid jobs in the country.

Edit: Also convenient for (inc excellent bus service to) Heathrow, and Gatwick. Quick access to M25, M4 and M3. It all adds up to a very convenient location.

That is one thing SWT are good at! My train to Surbiton in the evening usually gets there in under 15 minutes despite being listed at a bit longer. Not usually the case going the other way in the morning, though!

As you say, the airport links from Woking are very good. The Heathrow rail-link is a great way to get to an airport that is disgracefully connected from most of the SW quadrant and you can even get to Southampton in about 45 minutes which is useful for some flights.

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I can't think of anywhere that has got a better train service than Woking. Sub-30 minutes into London, better frequency of trains than anywhere else and some you might actually be able to get a seat on. All that 25 miles from London.

It certainly puts the service that I get from Surbiton to shame and people are moving there in droves purely for the train service.

I do think that the main market in Woking is a a station for people to drive to from the beautiful surrounds and outlying areas so their overall commute is not massive despite living in the countryside, but I don't think it is too much of a surprise the town centre is rocketing as well given the alternatives.

Anywhere further in like Weybridge and Esher are on a totally different plane now, and even Guildford with it's much inferior train link is priced much higher. Ok, Guildford is nicer, but there must come a point when the price difference and better commute combine to make Woking a better option.

I used to commute to Woking and the service to London was very unreliable. You could live in Orpington for half the cost of the train ticket, 60% of the house price and have a much better journey to work. Every day I was there I was trying to work out why pay £100K more than for the same property in South East London.

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I used to commute to Woking and the service to London was very unreliable. You could live in Orpington for half the cost of the train ticket, 60% of the house price and have a much better journey to work. Every day I was there I was trying to work out why pay £100K more than for the same property in South East London.

I only meant that Woking is good in relation to it's distance out of London. A few alternatives like Reading have been highlighted, but it is still good to be able to get to London from that far out in under 30 minutes. Well, good for the UK train network anyway!

I am well aware of the unreliability of SWT as I live a bit further up the same rail line so have to use it every day. I think it is the worst of the lot, but I have a lot of colleagues who travel in on the SE lines from Orpington/Tonbridge and complain bitterly about that as well, so who knows?

One thing is for certain, though, Orpington is much cheaper when you take into account train fare and house prices. I bet seats are a bit easier to come by as well!

I am not sure how Orpington would compare as a place as I have not realy been there, but it really seems to have escaped the worst of the bubble. Areas like Penge and Beckenham a bit further in seem to have doubled in value in the past couple of years, Orpington has gone up much less.

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