Property prices in London, gasp they have gone up and its a refurb!

[onlyWotz]

I will need to do the lottery I think

Guide Price of £17,000,000
HollandPark
A substantial detached stucco villa + adjoining mews house.

The property requires complete refurbishment

Three years ago we sold a 2 bed basement flat in South Ken for £425K, a slightly smaller version of ours was sold at the same time for £355K - this was sold in May 2007 for £640K (an increase of £275K in roughly 3 and a half years).

Absolute madness - of course you can only afford to live in Central London if you are a merchant banker now.

Bought our Hackney terrace for £110k in 1998. Sold it this year for £600k. Within 3 months of us selling it, similar houses on our road have been selling for 660k and 670k. My mum bought her 3 bed flat in Camden in 1990 for £100k. Sold it in 2001 for £400k. Just saw it sold again this year for 720k. Can it continue like this? Its bloody madness.

we bought out hackney house for 300k in 2001. it's about to go on the market for 700k.....

is that the garden ?

for £17m ?

feck.

'Tis a gorgeous house though, in an excellent area.

I wonder what it would be worth once done up ?

Mind you, it'd cost a few bob to do up. You could hardly fit it out with DIY-barn stuff, could you ?!