London Property: How overpriced is this house?

(56 Posts)

750k

I like it. But it is very small. Compared to the other houses in the area it seems very expensive for its size and build.

LCHammer Sun 19-Jan-14 19:28:48

Hellocleveland - the houses have remained. Parking can be a problem (squashed) in some of the crescents and cul de sacs off the main road.

Hellocleaveland Sun 19-Jan-14 18:59:46

When I grew up in Putney the Dover House road area was all council houses, but I doubt there are even a handful left now. It's a nice enough area I suppose, but not really 'proper' Putney to my mind. That does seem to be a very high price though, I agree that you would be better off trying to get an un-extended property and doing it up yourselves if possible. Also, I'm not sure what your catchment for local schools would be there. Unless you are thinking private, in which case there are lots of good ones. I wish I could afford to live in Putney these days, the house I grew up in is now worth over 2 million!

Houses sold a year ago seem to have more extension potential though, and are not newly refurbished. I think I rather buy one that was not already extended to the max that I could make into what I want. Not sure I like the open flow of Kitchen at the front, study/office in the middle, and dining room/living room at the front.

The other houses has a third single bedroom on the first floor, they have converted this into a bathroom, so two bedrooms and two bathrooms on the first floor, and a loft with a raised roof, but NOT a dormer giving full height, and no ensuite. This seems a waste.

If I were to extend into the loft of a mid terrace, I would do a dormer with full ceiling height out back and a Juliette balcony, and include an ensuite bath/shower room, rather than just a slightly raised roof on a big room. It is not really a bedroom. It is more like a loft lounge without a view!

Rockdoctor Wed 15-Jan-14 09:42:44

Doesn't seem to bad for Putney (although I agree Barnes is nicer).

As long as overseas buyers are buying up whole blocks and letting them sit empty purely as an investment/money box, the London bubble isn't going to burst.

Skiskiskis Wed 15-Jan-14 09:28:54

LondonGirl83 - are you an EA or have some other kind of vested interest?

LondonGirl83 Tue 14-Jan-14 23:44:55

Doesn't seem that overpriced given that its about 50% larger than the houses that sold for less 425k 12 months ago given the market has moved. It's probably about right.

Skiskiskis Tue 14-Jan-14 22:57:49

How annoying to waste space on the first floor with TWO bathrooms in a small house like that. Would have been much better to have had a bigger sized bedroom IMO.

The bubble is sure to burst soon.

MichaelFinnigan Tue 14-Jan-14 22:51:57

It's because everywhere else gardens are bigger than rooms. You'd need some kind of fold out A1 plan to include the garden of a £750k house anywhere else

Well, thats one ugly house!

TunipTheUnconquerable Tue 14-Jan-14 17:31:01

flipping heck.

Nancy66 Tue 14-Jan-14 16:06:46

Well, it's a lot better value than This

MarshaBrady Tue 14-Jan-14 14:04:25

It looks like they've put a lot of work into it, and have priced it accordingly. I wouldn't be interested due to outside. But some one might not mind what the exterior looks like.

noddyholder Tue 14-Jan-14 14:04:10

I agree quint that house in OP is a generic re furb

eveylikesv Tue 14-Jan-14 14:01:13

London, it is hardly a nice part of Putney. Not close to train stations at all (you would have to take a bus), far away from shops and high street and i would definitely not want to walk there on my own at night. It is ridiculously overpriced for what it is.

I think I rather buy this and spend 100k on a loft and refurb.

NearTheWindmill Tue 14-Jan-14 13:47:35

I think it's the right price for where it is and the extent of the extensions and the interior - all done and ready to move into. Bear in mind that the Southfields Grid has just hit the million mark for beautifully renovated terraces with loft conversions. But Quint you could get one of those which is a bit tired and needs a lofty still for about £750,000 and if I were you I'd look at that quite seriously. You would still get three beds but would have to save to renovate and ultimately you get a better house, 5-10 mins from the tube and end up with either more space or more profit.

Dover House is listed and pretty nice but it's a schlep to the tube.

That space elsewhere in Putney would be at least £850,000/£900,000 and that would be pushing it though.

higgle Tue 14-Jan-14 13:25:59

I couldn't believe the picture of the outside of the house - inside is lovely, I wouldn't want to pay £750k for a house that looked so like a council house outside though.

LibraryBook Tue 14-Jan-14 13:24:44

And also very little of that loft room is useable space, so you should make a deduction for £ per sq foot.

LibraryBook Tue 14-Jan-14 13:22:08

But it's very clearly an ex council house which presumably is a drag on value.

Barnes is much much nicer than Putney.

LibraryBook Tue 14-Jan-14 13:20:20

I just can't get my head around sharing a doorstep for £750,000. ha ha ha.

PPaka Tue 14-Jan-14 13:18:03

That area is a bit odd in regards to houses
That's why I askedif you knew the area
Want me to check it out for you?
Fwiw, I was astounded by the valuation for mine, estate agent said there are bidding wars if your house is in the right street.

London1975 Tue 14-Jan-14 13:16:50

Plus it's in a really nice part of putney with barnes and putney stations nearby and good local schools. I'd be surprised if that didnt get snapped up

London1975 Tue 14-Jan-14 13:13:16

It's £580 per sq foot which for putney is pretty good. I just sold a 2 bed flat up the road in Barnes for £720k at 800 sqft, so compared to that its good value

LibraryBook Tue 14-Jan-14 13:03:46

It doesn't even have its own proper entrance. It shares it with next door. How unbelievably crap is that?

Norudeshitrequired Tue 14-Jan-14 12:50:15

They never put the garden in the floor plans up in the north? They usually include a photo (or several) of the garden and a brief description of the outside space, but the floor plans only include the actual living space. Just goes to show how mad the London property market is compared to other parts of the UK.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now