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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think that there is an extra '1' in the price on this house

143 replies

AgaPanthers · 15/01/2014 14:53

[[http://www.zoopla.co.uk/for-sale/details/31525104?search_identifier=198d1398b1762d5a0aba591ce6cf365d]

£475k isn't exactly affordable mind, but WTF?

OP posts:
MyNameIsKenAdams · 16/01/2014 09:00

round my way that house woukd fetch 160k
max.

MyNameIsKenAdams · 16/01/2014 09:01

1.5mill house round these parts

teenmum3 · 16/01/2014 09:18

A house is only worth what someone is willing to pay for it.

The house in the OP is way overpriced and the owners will not sell it at that price.

IHeartKingThistle · 16/01/2014 10:46

Aga your interpretion of school statistics is really odd. Waldegrave's results are absolutely outstanding - this year their results made them the top school in the country without a 6th form, for the 4th year running. And they are a non selective state school. That's awesome whichever way you look at it. Good for them.

You're comparing this to Lady Eleanor Holles, which selects students on the basis of academic ability. What did you expect their results to be like? Hmm The fact that it is a fee paying school is not the main reason for their success.

Oh and while we're at it, a GCSE grade below a C isn't a fail. A U is a fail. I have taught many students who struggled and worked their socks off for a D grade to get onto a foundation or vocational course at college, or to be accepted by the armed forces, and am as proud of them as I am of my A* students. Just so you know.

PPaka · 16/01/2014 11:00

I hate these threads
You may find it hard to believe, but these are the prices you have to pay to live in London and surrounding areas
There has definitely been a massive pice rise in the last couple of months though
Teddington is a very sought after area

MissMilbanke · 16/01/2014 11:13

Speechless and depressing if you need / want to live in that area.

I'm glad I don't have to.

Alwayscheerful · 16/01/2014 11:21

Bland and boring. It's a house but not a home. I wouldn't live in it if you paid me.

BigFatGoalie · 16/01/2014 11:24

DadonIce that link made me want to cry!!
Damn you SE England housing market! Sad

AgaPanthers · 16/01/2014 12:32

According to the DFE, Waldegrave school successfully creams off the top of the ability range, 92% of girls got level 4+ on entry.

It might not be a grammar school, but the intake isn't comprehensive, the £1.5m housing ensures that.

LEH school is far more egalitarian - they have a bursary scheme, but if you don't live in the right postcode you are not getting into Waldegrave.

OP posts:
IHeartKingThistle · 16/01/2014 12:38

It's still a selective school.

And your point about the postcode is true, WHICH IS WHY THE HOUSES ARE SO EXPENSIVE!

AgaPanthers · 16/01/2014 12:56

A school that selects by postcode is still selective.

It doesn't explain the house prices - there are umpteen private schools that get better results, and you can send your daughter and your son to one and still afford a nicer house somewhere else.

OP posts:
titchy · 16/01/2014 13:10

Half Waldegrave's intake are of above average ability (not 92% as Aga is trying to imply). Irrespective - look at its VA score - it's clearly bloody good for all abilities.

It's an expensive area. It's got good transport links, good schools, and it's in a vair naice part of London. Yep you coudl live somewhere cheaper and send your kid private, but most people want to live in as nice an area as they can.

£1.5m may be a bit high for that particular house, but it'll almost certainly go for over £1m. That's what it costs to live in a smart part of SW London.

Most people in similar price houses in the area will be middle aged, probably be on their 4th or 5th London property and have simply benefitted from market increases. They won't be earning mega-bucks or be Russian oligarchs at all. The sad fact is that most of them wouldn't be able to afford the house they live in if they started on the housing ladder now. We'd struggle to buy the first flat we ever owned now even though we earn much more.

IHeartKingThistle · 16/01/2014 13:16

Thanks titchy, I feel like I'm banging my head against a brick wall here!

House prices are scary, I'm not trying to suggest otherwise. I taught in the area for many years and often wondered how my students were ever going to be able to sustain the lifestyle or standard of accommodation that they had grown up with. They won't be able to buy their first properties near where they grew up, that's for sure! But that's a massive problem in Cornwall too.

AgaPanthers · 16/01/2014 13:24

The most important predictor of league table success for 'comprehensive' schools is a low % of low ability children.

Low ability children (below level 4 on entry), at least in state schools (I'm not sure if the data exist for private schools) seldom achieve A*-C. Average and above average children do.

There are precious few 'top' comprehensives that have a significant number of low ability intake. (Mossbourne is a notable exception, and they probably have the best 'low ability' GCSE results in the country, an average D+)

A lot of 'top' comprehensives exclude the low achievers using religious selection - this one uses parental wealth. Being a girls school helps too, because girls do better than boys in any environment - excluding boys makes you look better.

OP posts:
IHeartKingThistle · 16/01/2014 13:35

I'm not sure what point you're making. They draw from their catchment, which, yes, is relatively high ability - but by no means exclusively, believe me. They do well. And this is why the house prices are high. Which is what you're complaining about. You're answering your own question. It's not an ideal situation but it does explain the house prices to some extent. People can and do pay those prices.

I'd also point out that Teddington School itself has an intake which is two-thirds boys (due to the proximity of Waldegrave) and does very well.

AgaPanthers · 16/01/2014 13:44

My point was that private schools do better, to which you said well they are selective, but then so is Waldegrave; plus you can't reasonably ascribe outrageous house prices to a good girls school, when there are plenty of state schools that do just as well and prices aren't so outrageous.

The Teddington School results are above average. Not outstanding.

OP posts:
IHeartKingThistle · 16/01/2014 13:48

This thread is full of people pointing out the many many reasons why it's an expensive area to live in. I'm focusing on the schools because that's what I know about. In an area near to us is one of the top performing primary schools in the country. House prices there are similar.

I never said Teddington's results were outstanding.

Backing out now!

NewtRipley · 16/01/2014 15:23

winter

You are correct. It's not just millionnaires who buy million pound houses in London

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