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Who would pay nearly £2 mill for this house?

200 replies

EachandEveryone · 03/09/2021 18:10

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

OP posts:
onlychildhamster · 04/09/2021 01:20

@EachandEveryone

But thats the thing- those places are not near the private school that Grand-dad, Daddy and all the cousins went to. This house is 0.2 miles from Hall School (which has an extremely high rate of boys getting into St Paul's, and an average of 31.5% of St Paul's boys go onto Oxbridge, and this number is only surpassed by Westminster and Eton).

Those places are also not near the City of London which I guess someone with £2 million to spend a house probably has some business interest in.

And Primrose Hill is also where many celebs live, and always has been, Sylvia Plath used to live there!

And of course compared to the likes of HK and New York, this isn't thaat expensive in comparison. And to many foreigners, they would want to buy in areas that they know. I bought in zone 3 north london - East Finchley and my relatives back home in Singapore positively sniggered cos it wasn't in zone 1 or 2. Cos the people they knew who bought London property bought in the likes of St Johns Wood/London Bridge/Canary Wharf/Victoria/Knightsbridge/Holborn. If i had bought outside London in the countryside, they would probably be on the floor rolling with laughter. Of course, I didn't take their opinions into consideration when buying but more image conscious people probably would,and naturally being Singaporean, they don't understand the concept of 'suburbs' and 'countryside'. They don't understand how people can commute for 1.5 hours to work or that the most central neighbourhoods aren't necessarily the kind of places you want to raise a family in.

Brindisi32 · 04/09/2021 07:20

@NotAnotherUserNumber i had a quick look at wages for a full time barista based in London in one of the chains and it works out at £300pw. The cheapest accommodation I could find was £120pw bills incl sharing with 4 others. Not much room for manoeuvre if things go wrong.

Polkadots2021 · 04/09/2021 08:01

[quote MikeWozniaksMohawk]Can get a lovely 5 bed farm house with a separate 2 bed annexe, 100 acres of grazing land and 16 stables for that money where I am.

www.rightmove.co.uk/properties/106653257#/?channel=RES_BUY[/quote]
Omg gorgeous Smile

Embracelife · 04/09/2021 09:01

[quote EachandEveryone]Ill just tell you now. When my numbers come up I’ll be buying this its my perfect London location www.rightmove.co.uk/properties/108170171#/?channel=RES_BUY[/quote]
Nice... so if that s 4.2 then
It puts the 1.7 into perspective as "reasonable " half house for half the £££
I e nw3 prices for houses are crazy high...but enough expat or celebs around.

The original is walking 5 mins to primrose Hill and 10 to regent's Park zoo. V central.

onlychildhamster · 04/09/2021 09:24

@Brindisi32 I once talked to a lady doing my make-up at Selfridges, I don't know if they earn higher than minimum wage but probably not higher. Her husband was working In fintech, she had 2 jobs and was doing a degree part time. They rented in West London. I often assumed that many of the people in service jobs in London were part-time students/actors or if older, were people who managed to get council housing which managed to reduce costs.

That's the reality of London though- lots of people in 'temporary' situations like education, lots of rich people (whether through inheritance/earnings), lots of people like my DH who get free room and board for years due to London based parents and then manage to buy a small place and also a lot of poverty. There are fewer and fewer people in the 'middle' every year.

TheChosenTwo · 04/09/2021 12:11

Is rightmove broken? I can’t open any of the links!

NewModelArmyMayhem18 · 04/09/2021 12:35

I rather like it. It's got a retro but somehow 'modern' feel and beats many of the usual Victorian/Edwardian terraces that feature as prime London housing stock!

NewModelArmyMayhem18 · 04/09/2021 12:35

Wouldn't pay £1.7million for it though. £700K maybe...

SleepingStandingUp · 04/09/2021 12:36

[quote WTF475878237NC]@SleepingStandingUp

Oh yes now that I love! The ceilings are gorgeous. What a hallway.[/quote]
Now i just need a few million...

TheChosenTwo · 04/09/2021 14:07

Wow, that’s a lot of money for a really generic house! Obviously the cost is met by those with means and inclination but I just think it’s a very blah house. I also loathe the clutter and the decor but that’s all superficial.

JackieBritneyWeaver · 04/09/2021 14:42

This would be the equivalent property in my area, on the south coast and on a direct train line to Waterloo (albeit end of the line).

Buxton Road, Weymouth, Dorset
www.rightmove.co.uk/properties/73699038

DarlingFell · 04/09/2021 17:01

Showed it to DH and he asked me if it was a joke. I’d rather live in a beautiful large home in the commutable countryside for that money and train it into London!

Embracelife · 04/09/2021 18:36

@NewModelArmyMayhem18

Wouldn't pay £1.7million for it though. £700K maybe...
www.hamptons.co.uk/for-sale/property/4-bedroom-terraced-house-mutrix-road-nw6-ref-5252555/
Embracelife · 04/09/2021 18:37

You have to go a mile away to get a town house modern for 780k and not as spacious

shewalkslikerihanna · 04/09/2021 18:39

No way
With that much to spend
I’d buy the 5 bedroom in N Yorks with 4 rental cottages
And live off the income
Let me see if I can find a link

shewalkslikerihanna · 04/09/2021 18:41

There you go
I pass it a couple of times a week

search.savills.com/property-detail/gbyoruyor200092

Embracelife · 04/09/2021 18:44

Nice country pile for sure

Completely different lifestyle to central London though. You cannot really compare. It s not like for like.

NewModelArmyMayhem18 · 04/09/2021 18:57

@Embracelife thanks for that link. I do think the OP's 'for sale' option is more quirky and interesting but I wouldn't say no to the one you've highlighted either!

Embracelife · 04/09/2021 19:00

[quote NewModelArmyMayhem18]@Embracelife thanks for that link. I do think the OP's 'for sale' option is more quirky and interesting but I wouldn't say no to the one you've highlighted either![/quote]
Few years ago these mutrix rd houses were going for 500k. Not increased as much as the other But mutrix Rd remains close to Kilburn high road. Which has not gentrified.....
The white houses retain and gain value close to primrose Hill.

IReallyLikeCrows · 04/09/2021 19:09

@Why2why Hampstead heath has always been a popular place to live because the heath is just amazing. It's huge and a little part of the countryside in the city but still close enough to get into the centre of London or the City of London. There are lovely shops around and it's just a great place to live. I lived near it when I was younger and loved it.

I think that London prices are mad, but that's what you have to pay even if a lot of us wouldn't want to. I'm a total property porn addict and I love looking at properties (online, I don't get estate agents to show me around places because that would edge me into property porn stalker mode) and I now know a lot of the going rates in various towns and cities across the country. The way some people have said "that's too much, I wouldn't pay it" is the equivalent of me thinking that £250k is too much for a two-bed flat in parts of Edinburgh. It's just the price and if any of us want cheaper then we have to look at a different area.

Personally, in that area, I'd go out a tiny bit to the less popular Kentish Town (which goes to show how close you can get to a desirable area and not actually be in one) and go for this which is a bit cheaper and has a woodburning stove. (I'm a bit obsessed with them)
www.primelocation.com/for-sale/details/59115356/?search_identifier=daaaf15783e2d69ff951115bb11a846d

N.b. The chance of me ever being able to afford a property even half this price are slim to nonexistent. Smile

MrsSkylerWhite · 04/09/2021 19:13

Good god that’s insane.

Our period house, pleasant NW coastal town, is 3 1/2 times the footprint, large gardens front and back and valued at .7.

How do young families in average jobs find anywhere decent to live in Greater London now?

I was brought up in a 2 bed council house on a grot estate in Brixton, they’re going for nearly 600 now. Madness.

NewModelArmyMayhem18 · 04/09/2021 19:16

@Embracelife funnily enough I was going to ask if NW6 is Kilburn because yes, in London postcode is everything. There are certain parts of London that seem totally immune to gentrification - Tottenham is another one.

JulesJules · 04/09/2021 19:43

That's an insane price! I'm in the NE, and if I had 1.6M, I'd consider this, about 12 miles from Newcastle, near Corbridge in Northumberland. Comes with a cottage, stables, tack room, paddock, courtyard and gardens...
www.rightmove.co.uk/properties/110882711?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

NewModelArmyMayhem18 · 04/09/2021 20:06

Well, the outside of that place is lovely @JulesJules but really the inside isn't really very 'high end' IMO. And Corbridge is in the middle of nowhere really. You can't equate to being within a 20 minute London Underground journey of any number of interesting things to do.

There are a lot of London 'big earning' professionals from the NE who have second homes in and around Corbridge though, aren't there?

Shudacudawuda · 04/09/2021 20:12

Seriously, how good can a location be? Does living in that part of London really improve your life enough to be worth spending that much on a tiny little house like that?
Insanity.