London flat - Would this sales history give cause for concern.

[another20]

One bed flat, zone 2, in old Georgian building, share of freehold - was sold in 2004, 2007, 2010, 2014 and is up for sale now. Is this too often - does it raise alarm bells? Or do one beds churn faster especially in London. Current owner is BTL investor wanting to offload

Now that is lovely another. That's where I'd be if I hadn't let DH drag me up north 22 years ago.

It is some consolation that my 5 bedroom house is worth the same as as that flat though.

Wonder if I ever bumped into you 27 years ago? We used to go to a comedy club/northern soul night on Highbury corner.

Friends just sold their ex council 2 bed townhouse in stokes for £500k.

I think the lack of price rise between 2010 and 2014 is more suspicious than the current jump (the asking price could well be in line with similar prices in Stokey). But only a rise of c. 12% in four years when the London property market was soaring... . That would suggest a distress sale to me - could be for personal reasons or could be a problem with the flat. I'd also be surprised that someone who got it at a very good price had done nothing to improve it.

When we lived in there people were just starting to call it "Stole Newington Village" which the cab drivers found hilarious.

Mind you Dalston was much, much more dodgy. I understand Dalston is quite gentrified nowadays.

Hope I’m not derailing the thread, but along the lines of London price increases, wonder if people agree with this analysis:

www.icis.com/blogs/chemicals-and-the-economy/2018/02/london-house-prices-risk-perfect-storm-as-interest-rates-rise/

Can't believe that price and that size. Our sitting room is 50 m sq. Our house cost a bit more than that - but only a bit and it is 5 bedroomed Edwardian semi, 3 storey, large garden, private road.

I think the sellers of that flat are being really greedy. £120,000 increase in 3 years and it needs a full re-furb!

another we are ex Highbury corner/Canonbury too! Over a corner shop - late 90s....

Floating - yes I see good reasons for caution and I have advised my young relative (who is buying the flat) to sit on their hands for a year and try to future proof with a 2 bed --- but they want to get on with their lives and make a home. I don't really know what the impact of too many luxury flats for foreign investors will be for "normal" Londoners. BTL buyers have disappeared, not seen "a flood" of BTL properties back on the market where we are looking - but have seen this very entry level / 1st time buyer flats shift v quick enough in this area. Maybe sticking further up? Maybe they are priced correctly - but there is always a supply and demand issue in London and this will always be most acute at entry level.

Thanks for giving it a read, another - yes I agree, the luxury market won’t have an impact on lower end, even if prices do collapse.
Also understand most people wouldn’t want to wait to see what happens, especially in London rented.
Just thought it was an interesting overall take and perhaps food for thought for FTB - anyone who bought even before 2014 very unlikely to see any losses, even when (if?) we Brexit.