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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to feel sick at the cost of this house in London?

118 replies

RavioliOnToast · 21/04/2016 20:42

this house it is absolutely beautiful, but that is more or less my DH's salary in a year!!!

How on earth could anybody afford that? ShockShockShock

OP posts:
bialystockandbloom · 21/04/2016 21:33

Prices in London are crazy, but as pp said, it'll almost certainly be the residence of an ambassador/diplomat. Who'd also get school fees paid for, staff, cars, expenses etc. Nice work if you can get it! But still, I'd turn it down as it doesn't seem to have a garden Grin

GoldPlatedBacon · 22/04/2016 07:35

Apologies - it's £40k pcm (yes, £40k!!!)

St George's Hill, Weybridge, Surrey. Not countryside as such

DameDiazepamTheDramaQueen · 22/04/2016 07:37

Liara is right.

WakeUpFast · 22/04/2016 07:38

My children would trash that place in an hour. 😆

BigGreenOlives · 22/04/2016 07:50

We have known people rent very expensive properties, sometimes it's because their capital is invested in something which will provide an amazing return in 18 months so they can't spend £3-4m on a property right now, but they can spend £15k a month on having somewhere to live. We knew a family who lived in rental properties for 15 years then paid cash for a £7m house which they had to renovate. Both from normal backgrounds initially (council estates, did well at school, went to Cambridge) just v able.

AimUnder · 22/04/2016 07:55

That is a beautiful flat! I wonder how much roughly it would cost to do up a flat like that?

TwllBach · 22/04/2016 07:58

At least that's an actual livable space. In the newspaper yesterday was an article about someone who spent £153,000 on a beach hut in Abersoch. Not even a prettily painted one - just a brown wooden shed that you could have picked up in B&Q!

Hirosleaftunnel · 22/04/2016 08:06

We pay the equivalent of £4.8k a month for a shitty 1,000 sq ft flat. 2 beds, no outside space. This is standard where I am. Most people pay around double that for something even more shit just a bit bigger. That apartment the OP tagged is gorgeous and most US/Asian banks would pay that rent for their ex pat staff without even blinking. The world is fucked up, what can I say.

LunaLoveg00d · 22/04/2016 08:07

Would imagine this is the sort of place a film company might hire if Johnny Depp / Tom Cruise / someone similar is filming in London for 3 months and doesn't want to stay in a hotel. Or a wealthy Middle Eastern family are looking for a London house for visits. Or a large bank wants somewhere to accommodate execs who are in town for 3 or 6 months.

I know someone who is in the student accommodation business in central London - there is accommodation near the London Eye which is £800 a week - for students. Most of the clients are wealthy families from Russia/China/Middle East.

GrumpyOldBag · 22/04/2016 08:18

Small bedrooms, horrible furniture ... but a W1 postcode.

scarednoob · 22/04/2016 08:20

I deal with a fair number of clients who rent that sort of place. You would be not at all surprised at the complaints people make. Things like, "there's only 12 sets of cutlery", "the Sonos system isn't in the maid's bedroom, make the landlord install it", that sort of thing!

Yes if you can afford that, you can afford to buy, but it's generally celebs or royal families after flexibility and anonymity.

Blu · 22/04/2016 08:21

This is a 3 bed flat.
That U.S Embassy family in 5* Babies had been put up in a whole house in Kensington for 3 and a half months while she had her baby at the Portland. Can you imagine how much that cost?
Nice perk!

I think a lot of these properties are rented by corporates with overseas staff.

IpreferToblerone · 22/04/2016 08:23

Hilarious I have have just popped over here after shocking myself on the Centre Parcs site! Thought I'd have a google at Christmas breaks, not that we'd ever go then, anyway was wondering ..... Who pays £10,698 for a 'weeks break' .... Which at the end of the day is centre parcs! ( Elveden tree house accom)

IamaBluebird · 22/04/2016 08:26

I like their lamps.

MrsArchchancellorRidcully · 22/04/2016 08:27

It has a garage. In London!

Queenbean · 22/04/2016 08:29

Beautiful house! I love it

jillwright · 22/04/2016 08:30

It's looks like a lovely place. Only the rich can afford to stay in places like this.

Eustace2016 · 22/04/2016 08:35

Some people will rent because stamp duty is 12- 15% at the upper end and the UK is getting very unwelcoming for the rich so they are becoming less likely to buy property. Some people will have income but not capital eg if they are paid an allowance from a spouse, ex spouse, trust fund or spend everything they earn or think they would be better investing in gold, bit coin, shares than UK residential property at the moment.

I don't resent the rich anything. Good for them. They encourage all the rest of us. 25% of people in the UK help keep the other 75% who are net takers from the system.

(We (or rather I) pay more than £10k for a week's holiday actually; big family)

wasonthelist · 22/04/2016 08:55

UK is getting very unwelcoming for the rich so they are becoming less likely to buy property

Ha ha ha ha - thanks for that, best laugh I've had all week.

wasonthelist · 22/04/2016 08:56

They encourage all the rest of us

They don't encourage me !

blindsider · 22/04/2016 08:58

it is absolutely beautiful, but that is more or less my DH's salary in a year!!!

Thinly veiled my husband earns £182K per year boast....

oolaroola · 22/04/2016 09:00

Christ! You'd want a live in housekeeper and nanny at that price - mainly to make sure your kids don't draw on the walls and put jam hands up the walls.

dowhatnow · 22/04/2016 09:03

I like golds house above that someone called tacky.

Branleuse · 22/04/2016 09:04

fucking hell. Just shows whats happened to London. Who the fuck can afford it anymore except rich russian oligarchs and saudi oil barons

BasinHaircut · 22/04/2016 09:09

blind I think the OP means a month's rent is her DP's salary equivalent.

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