Do you think this house is worth £1m?

[Lolaandbehold]

I know a house is worth what someone is willing to pay but here is one ex local authority house that has just come on the market in an area I am familiar with. 2 bedrooms, 900 square feet of actual living space, (although they're trying to flog it as 1100 or even 1400) which is on a par with the price of LA mansions (in terms of price per square foot) and not hugely far off New York real estate. Seems bonkers. And it hasn't even been renovated!

Admittedly it is a very nice road in a fashionable part of London and the road also has some lovely Victorian double fronted properties which can sell at over £3m. But I doubt any council tenant would be able to buy that house now.

https://www.rightmove.co.uk/properties/151326137#/?channel=RESBUY

My thoughts exactly! What is it with these London/ SE prices? Bloody ridiculous! It must be in a posh area??

No way would I pay that much to live south of the river. My god.

@Cangar

Well actually it is if to stretch to a further point rather than the western tip, Hackney is pretty big. But sorry to have upset you. I hope you're ok.

It's SW11 - so yes.

It's awful and you have to park on the street!

I wouldn't buy that house for 100k let alone a mil

It doesn’t even have a downstairs loo!

Oh, I think I misread your post! I'm one of the tiny number of people on the thread who doesn't think the price sounds insane (obviously dependent on being someone who can afford to spend a million quid on a house, which I am very much not). I do live in a city with pretty high house prices though.

Yes clearly I’m the upset one here 😂

(and no it still isn’t)

I'm trying to understand your anger, Clanger. I hope your life gets happier.

I genuinely have no idea what I’ve done to make you think I’m angry. I just read you saying Hackney was well over 10 miles from SW11 thought that sounded very wrong and checked it. I’m not even slightly annoyed. I don’t live in either place and have no reason to mind how far apart they are.

If it makes you feel better I was surprised at the distance and would have guessed at 5 or 6 miles.

London prices are wild, 1million for a small standard home in bad condition. I honestly don't know how large a family income we would need to live the same standard of life we do in Scotland.

They aren't the angry one 😂😂

Yep, the latter.
House prices are crazy but it's desirable (much more so than it was 20+ years ago)

Errr.. London: 80% who have cars "park on the street". Over half of us don't have cars - the joys of public transport (which I am very grateful for)

Stay in Islington mate

Oh, I shall, darling. I shall.

(For the avoidance of doubt, I’m being droll. And obnoxious, I suppose. The whole situation is a total clusterfuck. How THE HELL is that dump worth more than tuppence ha’penny? God knows what the answer is.)

The description lists it as having a first and second floor. We are not in the US.

That's equivalent of around £105,000 where I am .

Loving some of the SW11 comments! I think it’s a bit too expensive for the amount of work needed but I reckon they’ll get 900.

A very similar house in a very nice part of Bristol is on sale for 600k but it's very nice inside

I agree

Would we?!
Why do Londoners always get so hammered on these threads?! It's not our fault house prices are so high!

Wandsworth is the armpit of the universe. It’s where I go through when I’m trying to go somewhere else.

No. That’s mad.

Wandsworth is great!

I think people commenting on this thread about prices being £250k for similar properties in other parts of the country forget that London is the capital. It would be exactly the same in say Paris or similar. If you live in a capital city it commands higher prices it’s just a fact of life.