Monday, April 9, 2007

Roll up! Roll up! studios for 200K in E.London

London 'Brownfield' site has been regenerated into a collection of 51 newly built studio, one and two bedroom apartments

Don't all rush out at once; We received this press release last week, on first inspection this should press all the buttons for first time buyers; brownfield site, an area of London experiencing re-development, aimed at entry level housing..and then we get to the prices, entry level starts at 200K for a studio apartment...

Posted by converted lurker @ 01:48 PM (509 views)
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8 thoughts on “Roll up! Roll up! studios for 200K in E.London

  • Ariel Sharon says:

    wow sounds very cheap!!! I think people in London have lost their senses!!! Such mad prices which are beyond the reach of the majority are not sustainable. Imagine what you can buy with that amount of money around the world. The only beneficiaries out of these mad prices in rip off Britain are: the developers, treasury, estate agents and the banks who are still deceiving people into buying those tiny boxes. People have to pause and think about the very low and poor life style that they live in Britain before comitting themselves to a 25 years interest only mortgage. Cheeers.

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  • japanese uncle says:

    200K is not bad for the privilege to live in an excellent neighbourhood where celebrity such as the famous Jack-the-R frequented. Some value added!

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  • Thats what we need a few more 200k box’s.

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  • These new properties are merely additional trophies for the rich people that do not even live in the UK permanently. We need a recession and we need it now.

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  • converted lurker says:

    Shoreditch! Couldn’t give places away in the early 1980’s, was to ‘die for’ in the 1880’s though ;¬)

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  • George Monsoon says:

    give me a big baseball bat, I need to do a bit of “knocking sense into thick bricks”

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  • tony marshall says:

    “Studio apartments offer a comfortable living space”

    Yeah – if you’re a student paying a pittance to live there on a strictly temporary basis. Oh, I was forgetting, of course these buyers are getting a ‘foot on the ladder’, so they will automatically be able to step up a rung or two within a few years… (I think not…)

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  • This is why I continue to rent in London even though I’m 34 and married.

    With a combined income of around £55k, it’s not that we can’t afford to buy, but I just don’t want to with these such “bargains” available. In my judgement those are way overpriced unless they are very nicely done out, including modern fittings with nice views out of the (single) window. Is that unreasonable?

    Nothing particulalry wrong with Shoreditch – I’m sure the place has poshed itself up since being “the place to die for” in the 1880s. Very good though – “the place to die for”. Hehe.

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