4 ms·

I've said way too much PII already, but it's on HMRC/Land Registry if you want to look it up. Bought in 2019. Non-council.

dogma1138 5y ago
For a 2019 purchase there is no way that’s more than a studio maybe maybe a tiny 1 bed, if I want to buy where I rent now (W2) I’m looking at 1M+ for any two bed that isn’t a 50sq/m lower ground closet, the non council is a given I don’t think there are any council properties in Soho… The 2 bed flat I’m renting got recently evaluated at 1.7M it’s very nice and very large (for London)but the lease remaining on it is 68 years and the Victorian building it sits in would need a lot of work very very soon so the buyers are looking at 350-400K bill within a few years of buying the flat (leasehold renewal and building repairs) on top of that which also is why the current landlord is looking to sell. As it stands now if you want to buy a property for £600K you are looking at £60K deposit, £20K stamp duty and probably another £20K for misc costs. £600K is a below what an average new build in a Zone 3 would cost you these days outside of the few units they reserve for HTB. If you can save £3K a month you’re looking at 3 years of saving. Since most people / couples would struggle to save even £1K a month especially in their early careers they are probably looking at a decade of saving for a property or even more if the house prices keep on rising as fast as they are now.
- vr46 5y ago
  I stayed at my ex's flat in W2 around twenty years ago, the estate was selling 2-beds for 240K then - are you suggesting those flats are over £1M?? I dare not look at prices. Edit: Reader, he looked at the prices Found almost identical flat at 499,999K, so coming in at less than Millbank flats were going for in 2016. Those flats are only £25K more now. This seems perfectly doable for software engineers who have a good permanent job or are contracting.
  - dogma1138 5y ago
    Which site are you looking at? The only flats in my area around 600K all have a huge asterisk the leasehold on them is about to expire so you can only buy them in cash. https://www.rightmove.co.uk/properties/114810275 https://www.rightmove.co.uk/properties/114810275 https://www.rightmove.co.uk/properties/109851434 https://www.rightmove.co.uk/properties/109851434
    - vr46 5y ago
      Zoopla. I was specifically looking at the Hallfield estate, between Bayswater and Paddington.
      - dogma1138 5y ago
        Yeah that’s former council…

dogma1138 5y ago

For a 2019 purchase there is no way that’s more than a studio maybe maybe a tiny 1 bed, if I want to buy where I rent now (W2) I’m looking at 1M+ for any two bed that isn’t a 50sq/m lower ground closet, the non council is a given I don’t think there are any council properties in Soho… The 2 bed flat I’m renting got recently evaluated at 1.7M it’s very nice and very large (for London)but the lease remaining on it is 68 years and the Victorian building it sits in would need a lot of work very very soon so the buyers are looking at 350-400K bill within a few years of buying the flat (leasehold renewal and building repairs) on top of that which also is why the current landlord is looking to sell. As it stands now if you want to buy a property for £600K you are looking at £60K deposit, £20K stamp duty and probably another £20K for misc costs. £600K is a below what an average new build in a Zone 3 would cost you these days outside of the few units they reserve for HTB. If you can save £3K a month you’re looking at 3 years of saving. Since most people / couples would struggle to save even £1K a month especially in their early careers they are probably looking at a decade of saving for a property or even more if the house prices keep on rising as fast as they are now.

vr46 5y ago
I stayed at my ex's flat in W2 around twenty years ago, the estate was selling 2-beds for 240K then - are you suggesting those flats are over £1M?? I dare not look at prices. Edit: Reader, he looked at the prices Found almost identical flat at 499,999K, so coming in at less than Millbank flats were going for in 2016. Those flats are only £25K more now. This seems perfectly doable for software engineers who have a good permanent job or are contracting.
- dogma1138 5y ago
  Which site are you looking at? The only flats in my area around 600K all have a huge asterisk the leasehold on them is about to expire so you can only buy them in cash. https://www.rightmove.co.uk/properties/114810275 https://www.rightmove.co.uk/properties/114810275 https://www.rightmove.co.uk/properties/109851434 https://www.rightmove.co.uk/properties/109851434
  - vr46 5y ago
    Zoopla. I was specifically looking at the Hallfield estate, between Bayswater and Paddington.
    - dogma1138 5y ago
      Yeah that’s former council…