Who would pay nearly £2 mill for this house?

[EachandEveryone]

Well £1.7. I was just having my dreams of Belsize park when I saw this. Its exactly the same as the council house I was brought up in from the outside in the 1970s. No garden although it does look like a nice tidy little estate. Theres a lot of clutter I cant work out what type of people live there www.rightmove.co.uk/properties/110737514#/?channel=RES_BUY

@shouldbeworkingmore

Crazy & the fact that they were 200-300k in the 90s!

While that sounds like a reasonable price now, it was very expensive at the time. We bought a 2 bed terrace in Leeds in the 1990s for £32k.

But it also illustrates how far ahead London prices have gone compared with other places in the last 20-30 years.

Our £32k terrace has gone up by a factor of about 4.

Those houses have gone up by a factor of about 8, to such an impossibly high price for many.

It’s a no from me -

www.streetcheck.co.uk/crime/nw33ss/2021/03

@BarbaraofSeville I know it was expensive then but nowhere near as expensive as it is now.

Bloody hell, no. It's worth £150k at most where I live. Half that, if you travel ten minutes down the road. London prices are insane.

@whatthejiggeries

It's disgusting that people were able to buy council houses and now sell them for nearly £2mill

Absolutely this!

It’s also right behind that road (Avenue Road) with the big mansions, so wonder if that has influenced the pricing.

I had no idea central London prices were that crazy though.

Omg can this be any closer to the rail tracks look at the balcony! That exact same house in my home town up North would be 90 at the most. I love how London houses are mainly decorated in white or grey. Why is that? Up north they love abit of House of Hackney wallpaper (or a rip off of)

Location, parking and outdoor space. I'm not surprised it's that price.

Sorry link www.rightmove.co.uk/properties/112853153#/?channel=RES_BUY

@BernadetteRostankowskiWolowitz

It really is in a cracking location!

It is. It’s nearly Hampstead. I like it.

Completely beside the point but I expected it to be way messier/full of stuff when you said it was cluttered.

I love the location too much I dont think my cat would last five minutes

@Antsinyourpanta

Completely beside the point but I expected it to be way messier/full of stuff when you said it was cluttered.

Its cluttered compared to what you normally see on Right Move in that location. The properties are all very minimal and white inside.

Is it definitely ex council? If so - I agree. Fucking disgusting. And a low income family should be living there now, not trapped in a lousy B&B.

I went to school near there and I have family who lived two streets away. Those are all ex local council properties.

Utterly insane, it's so small. I honestly can't understand how someone could want to live in an area so desperately that they'd pay a sum like that for a house like that.

@Heruka

Looking at some of the others in the street which went for 250k in 1998, to 1.7mil now. Mental!

Yes, but in 1998 people would have been saying "250k???!!! How much???!!! In 1979 that would have been worth 35k".

It's awful - a rectangle box, tiny 'garden', dreadful layout. More money than sense?

Wouldn’t they have been one of the first sellers after buying it for god knows how much? Pennies.

Yes, but in 1998 people would have been saying "250k???!!!

I think median salaries were about 17k then vs 31k in 2020.

Also interest rates were sky high at various times - I bought in 93 and 97. There must somewhere be a formula taking into account all sorts of similar variable so we know quite how massive these hikes are.

No, I hate it. Wouldn’t even pay a tenth of that for it.

Would be around 500k where I live