I'm trying to remember whether it was David Rockefeller or Groucho Marx who said, 'Always buy land: they ain't making any more of it.'

I have just seen this property on rightmove, I thought this must be a mistake , but when i phoned foxtons they confirmed price wow i am in shock, as same style house was sold for 280k in May 2013 now the same style is 700k
http://www.rightmove.co.uk/property-for-...08649.html

Jay - this is exactly the property we were discussing upthread. £700K seems more than a little 'toppy'. Let's see what they actually get for it.

there is no way that property will value up once the crazy buyer makes a offer

mind you...It is on with Foxtons and they overvalue everything in order to get the instruction.

Hmm. The third bedroom is tiny, there's only one bathroom and the fourth 'bedroom' is a ground floor reception room. Surely nobody will make an offer anything like 700K. It will be interesting to see what it actually goes for.

… the kitchen is tiny and leads directly off the living room. The only access to the 'garden' is through the living room too. The garden is tiny - 31ft - and seems to consist of a steep drop that has a deck built out over it. So yes, an ideal family home.

And let's hope the kids don't climb over the fence to fetch their ball if it goes over the fence cos they're gonna get fried! (there's a proper power station over the back)

Jeez - this is a great example of how bad the situation has got! You'd need to go for a medical if you bid even close to the asking price. Interest rates are set to go up sooner than we expected - don't get ruin your whole life by going into massive negative equity! This is taking the p*** even by Foxtons standards!

I think we can all agree that the price is somewhat 'hopeful' and Foxton's have really provided poor advice with this one.

Let's not be too disparaging about what is after all someone's house. It could well make a nice family home, it might not be up to the standards of the family homes of some on here of course. It is just overpriced for the market (even this market).

Back to the original point, we moved here in 2005 when you could just above still get a 3 bed house for under £250k (though most period ones were above that), which now seems to be the going price for some 1 bed flats.

I doubt many first time buyers will be moving here but as others have said not far deals could be got in Catford, though that also seems to be going up.

I wonder how the areas on the rest of the Overground are doing in comparison to HOP\Forest Hill.

5 bedders have now cracked the £800k mark, amazing

http://www.rightmove.co.uk/property-for-...91834.html

London's population is predicted to increase sharply over next 20 years:
Expect - many more high rise residential towers (esp along River Thames and east london). The London skyline will become more like a US city in the centre.
Continued pressure on prices upwards.
The only thing that would break that is a very sharp rise in interest rates, but the BoE seem to want it to settle around 2%pa. Painful, but not like the huge jumps in the 90s.
I suspect prices all along the Overground in south London will continue to rise as you get people from North London coming south - the rises in Bovill/Garthorne Rd area of HOP are striking - but there is a demand.
As a previous post said, Catford is seeing rises; I suspect the best value area for the brave would be parts of Penge - pretty good transport links...but...it is Penge (but it will gradually get pulled up market too).

This post was last modified: 17-03-2014 05:16 PM by squashst.

Today 03:27 PM
5 bedders have now cracked the £800k mark, amazing Thumbsup

http://www.rightmove.co.uk/property-for-...91834.html

See my post from the previous page - £950k for a 4 bedder in Forest Hill/Catford!!

No intention of disparaging anyone's home, but it looks as though a pleasant but smallish 3-bed house is being marketed as a 4-bed house, just by describing the dining the room as a bedroom. Actual 4-bed house have more space downstairs, and often extra bathrooms and cloakrooms. This kind of extra inflation can't be helping the already horrifying price rises.

The UN has actually compiled a report on the UK housing market, which shows we are heading for it all hitting the fan pretty soon!

http://www.theguardian.com/housing-netwo...uel-rolnik

blimey, that is way too much:

http://www.rightmove.co.uk/property-for-...20756.html

I've just spent the day at a seminar listening to various London councils expounding their plans for providing new council and affordable housing.

Just about every proposal relies on increased density and cash generated from the sale of private housing (mostly to Far East investors) to make it stack up financially.

Its the current high value and expected continuing rises in the value of these properties that subsidises the affordable/council stuff.

One council in particular was relying on future increases in the value of this private housing generated as a result of the improvements in the area.

As I previously said on this forum, there will be winners and losers.
...Or, in other words, people who are rubbing their hands with glee at the current rising trend.

My partner has just come back from a meeting with a south London community leader. During the conversation, the guy was talking about the changes in the last 10 years especially with the rise in house prices. He believes that while the schools in hot areas such as Clapham and Brixton have benefited somewhat from drawing in pupils from wealthier families, it has been at the cost of students from families in council/social housing feeling pushed out of the school agenda. He also described how such families felt patronised by the wealthier parents, with behaviour sometimes boardering on rudeness.
Unfortunately, as housing becomes more and more expensive regular folk will be priced out of London and it will become a city full of bankers. RIP creativity and diversity. Like Paris, it will be a place for the wealthy and tourists.
As The Fall said, 'Hit the North'

http://www.manchestereveningnews.co.uk/n...ive-854596