Look at the amazing difference in price between these two houses on the same road

(43 Posts)
Mintyy Thu 14-Nov-13 14:41:58

I can see that house 1 is the better house. But, really, nearly £250,000 better? What do you think?

house 1

house 2

Mintyy Thu 14-Nov-13 14:49:19

G'wan

ouryve Thu 14-Nov-13 14:49:22

The more expensive house has much larger rooms. And an extra bathroom.
The less expensive house is decorated in a classic style that some may consider dated (I think it's beautiful - much less IKEA than the bigger house)
They're actually in the catchment area for different schools (Horniman? Really?blush)

morethanmama Thu 14-Nov-13 14:50:50

The first house is 1000sq ft bigger. Which actually makes the second one look expensive.

thatwouldbeanecumenicalmatter Thu 14-Nov-13 14:53:00

The open plan would pus the price up but to me that's by a ridiculous amount! The less expensive one (I nearly said cheaper one!) does seem smaller inside but I think that's the effect from all the swathes of curtain and netting, darker bulkier furniture and no lights on as opposed to all the extra light the other house is getting with the full length windows, lights on and no net curtains.

Are you looking to buy one Mintyy <nosy>

I'm envy as I'd happily live in either of those compared to my current abode.

thatwouldbeanecumenicalmatter Thu 14-Nov-13 14:57:11

<Lazy emoticon> I'm just going on the photos!!

I'd take ouryve and morethan more seriously than my comments if your serious about buying!!

grin

Mintyy Thu 14-Nov-13 15:00:15

Oh yes, but I can't quite work out how the first one is so much bigger. They are both 5 bed houses.

No, I'm just daydreaming about living on that road! Both of them are under offer.

thatwouldbeanecumenicalmatter Thu 14-Nov-13 15:04:00

Hmm Google earth might show the difference better.

I do that all the time, drives DH nuts grin

xigris Thu 14-Nov-13 15:05:26

ourvye the Horniman is a fabulous, eclectic very child focused museum and gardens in Forest Hill, SE London. I cannot for the life of me imagine why the name could cause any mirth grin

JaquelineHyde Thu 14-Nov-13 15:12:34

The first house is, as the previous poster stated, 1000sqft bigger and includes a downstairs loo, 2 bathrooms on the first floor (one en suite) and a large shower room on the second floor.

The bathroom, shower room and kitchen in the second house look cramped and badly designed.

It is bathrooms and kitchens that sell houses after all.

And finally whilst both houses are semi detached, the first one is semi-detached with a large space between it and the next house (if there is any house there at all), where as the second house may as well be terraced as there is not much space between it and the next property over.

Is the larger one further up the hill having better views? I coverted one on that road for ages, it was an upside down house that needed a bit of updating, but the views were amazing. Wanted it so much, but didnt fancy the walk up the hill!

JaquelineHyde Thu 14-Nov-13 15:17:19

As far as floor space goes, I think the first house has extended at the back as their garden is slightly shorter and they have converted the entire attic space whereas house two have only converted some of the space.

A complete guess but that's what it looks like when looking at the plans.

brainonastick Thu 14-Nov-13 15:21:06

School
Catchment
Area

Mintyy Thu 14-Nov-13 15:22:39

Really brain? Do you have insider knowledge?

JaquelineHyde Thu 14-Nov-13 15:30:35

Well house 1 does state that it is in the catchment area for X primary school, whereas house 2, which is right at the other end of the road, only states that it is conveniently located for X primary school.

JaquelineHyde Thu 14-Nov-13 15:31:00

Put all those together and the asking price difference is pretty clear.

Mintyy Thu 14-Nov-13 16:06:50

Guess so. Still seems like a very big difference!

smudgedgraffiti Thu 14-Nov-13 16:11:34

JaquelineHyde has it.

In fact there is a bit of a "black hole" round that area where you can be painfully close to several fantastic schools - but not close enough to any of them.

Suspect that could be the curse of house 2 - and savvy middle-class buyers with kids will know this...

MomOrMum Thu 14-Nov-13 16:48:05

Not so on the school catchment actually! If anything House 2 is the safer bet for school. House 1 is much bigger and at the "better" end of that road for city views. It seems there is a huge jump in price for houses that size whereas House 2 seems more a "typical" semi size. Both are lovely though! I love that road!

Eastwickwitch Thu 14-Nov-13 17:01:58

Blimey, I'm blown away by the cost of those (attractive but quite ordinary) houses. How on earth do average families manage to buy houses in London?

PrimalLass Thu 14-Nov-13 17:03:02

On Street View some of that road looks quite unkempt. I'd want a tidier road for nearly a million quid. And is the London market so bonkers that the House 1 people didn't need to tidy up for the photos?

bigTillyMint Thu 14-Nov-13 17:24:35

Looking at the floor plans, the first one is much wider and longer. Better location on the road re views and school. I agree, though, it does seem like a very big difference in price.

RoLoh Thu 14-Nov-13 18:03:46

Kfh is ridiculous for pricing houses anyway so I wouldn't read too much into it. On a street near us they priced a house that wasn't that much bigger than ours or in that much better a location at nearly 200k more.

And on our street priced a house that was definitely worse than ours at 75k more.

It's agents like this that push up house prices to ridiculous levels!

eurochick Thu 14-Nov-13 18:08:16

eastwick it's tough. We live quite nearby. It is by no means one of the more expensive areas of London, although I love living round there. We live in an (admittedly "naice") 3 bed semi. We are 2 reasonably senior lawyers earning a fair old amount between us, and therefore in a better financial position than the vast majority of Londoners. It's madness.

wonkylegs Thu 14-Nov-13 18:17:26

It's funny how 5bedroom can mean very different sized houses. The difference I would guess is due to the size and slightly more attractive exterior (ugly rear dormer).
Our old house was 5 bed and so is this one but in terms of area we are now nearly twice as big as before. The couple we bought from 'downsized' to a small five bed.
Tbh even though I know the ridiculousness of London prices I still think both are silly money and I'm glad I live up north where I get land and a big house rather than an average semi for my money.

BOF Thu 14-Nov-13 18:19:03

I far prefer house 2. Much more character, and the garden is gorgeous.

AmberLeaf Thu 14-Nov-13 18:25:02

I prefer house 2 too.

I think those prices are nuts for that area though, but I know those rds around that way can be very pricey.

Eastwick You can get good sized houses for much cheaper not that far away from those two houses. All about location I spose [read school catchments!]

Mintyy Thu 14-Nov-13 18:41:40

I prefer house 2 and house 1 is madly overpriced.

I think you pay a lot just for the privilege of being on that particular road, tbh. The view is breathtaking.

AmberLeaf Thu 14-Nov-13 18:43:56

Yeah the views up there are amazing.

I knew someone who lived on netherby rd? fab views.

Mintyy Thu 14-Nov-13 18:46:09

Yes, Netherby also fab.

Mintyy, the rooms in house 2 are waaaay smaller. The floor plans being the same size when you look at then on line is misleading. For example the master bedroom in the big house is approx 265 square feet (not even including the ensuite bathroom), whereas the one in the smaller house is only about 150 square feet. That is a huge difference.

I find price comparatives are only meaningful if you talk in pounds per square foot. So House 1 is on the market at £380 per sq ft but House 2 is £470 per sq ft. Not bad for London and the state of the houses. Round here (NW) you are looking at £1000 and up and DH says Kensington is up around £1600 to £2000 per sq ft.

bigTillyMint Thu 14-Nov-13 19:06:39

That's really interesting, Hearts. So House 1 is actually quite significantly better value.

spotty26 Thu 14-Nov-13 19:11:56

But prices are moving very fast in London so maybe the more modern one went on 2 months after the other... Making the discrepancy for size appear larger.

Levantine Thu 14-Nov-13 20:27:26

House 1 is loads nicer. Much bigger and better positioned.

marriedinwhiteisback Thu 14-Nov-13 20:40:25

I think I could see myself living in house 1; but I couldn't in house 2. House 2 looks also as though it needs a bit more money spending on it and it doesn't have the same doorstep appeal. It also only has two bathrooms.

Don't know the area so can't really comment and certainly haven't looked at it forensically like Hearts.

I have though just renovated a house that we bought "cheap" because it was tired and I suspect that house 2 might have more profit margin if one were prepared to do some work on it than house 1 - there may also be a limit for the road/area and that would be worth looking at too.

I also think one has to be careful about agents' comments about travel and catchment too because they put what the owners tell them to and some owners are more switched on than others. I once insisted an agent put in a note about BR and tube into central London, and distance from South Ken that he didn't want to - and sold within 24 hours.

IAlwaysThought Thu 14-Nov-13 21:05:48

House one is a lot bigger than house two.

echt Fri 15-Nov-13 06:27:32

I have an important question to ask about the Horniman Museum: do they still have that huge stuffed walrus? I used to live near that bit of SE London, and want to re-imagine a bit of it from Au.

bigTillyMint Fri 15-Nov-13 06:30:37

echt, the walrus is currently on loan to the Turner in Margate - we saw it there in the summer!

YellowDahlias Fri 15-Nov-13 06:59:08

The walrus is back now. https://twitter.com/HornimanWalrus

Prefer house 1 myself mostly because of the bigger room sizes. Canonbie Road is a funny one. Some beautiful houses and some slightly shabby looking buildings on it. Walking up the road from Honor Oak Road must be hellish. But the view is jaw dropping when you get up.

MinimalistMommi Fri 15-Nov-13 10:55:14

I've been to the horniman museum years ago.

Blu Fri 15-Nov-13 12:45:06

The Turner wanted the overstuffed walrus as a guest?
Wow!
I wonder if they sent the manky polystyrene plinth, too?

I spent so much time in that museum when DS was little that I thought I might end up as an exhibit.

That plinky plonky noise of the flip flop hitting the plastic pipe in the music room will stay with me for evahhhhh!

But risky for EAs t state 'in catchment' - no such thing!

bigTillyMint Fri 15-Nov-13 12:47:08

Yes, me too blu - it was a good rainy Sunday optiongrin

AmberLeaf Fri 15-Nov-13 12:56:46

We went back to the Hornimans last summer and my boys were most disappointed to find the music 'hands on' room closed, they were looking forward to flapping that flip flop grin

My 14 yr old was still scared wary of the Merman exhibit though!

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