Ridiculous London properties

[TheVeryHungryTortoise]

Christ alive. I live in London but sometimes this damn city makes me question everything and everyone. It genuinely saddens me that some poor soul was living with a bed, next to an electric hob, next to a shower cubicle.

I present to you: London property rip-off of the week!
www.zoopla.co.uk/for-sale/details/54325598?search_identifier=dd2cff98b64b235a01180d710d0e9f0e

Anyone else seen any other property "gems" recently that they would like to share?

The toilet is in the cupboard beside the door.

If you renovated it cleverly - eg looking at tiny homes on YouTube for inspiration and getting space saving furniture - then it would be fine and functional for somebody who just needs a place to sleep.

Plenty of people buy these kind of tiny properties and use them as a pied a terre when working /going out in London, but have their real homes elsewhere.

@OneMoreLight but this isn't just London though. Most Londoners don't live in zone 1, most live between zone 3-5.

I recognize this is 80K more, but still. Its in London. Its just not Prime Central London.

www.rightmove.co.uk/property-for-sale/property-76506508.html

Er.... @Desiringonlychild you cant compare a busy road in East Finchley - zone 3- to Notting Hill.

I know they don't all live in zone 1. Even £280k for a 1 bed apartment is mad!

I know it's expensive because the jobs are all in cities so people want to live there.

I just don't see how it's affordable for people like me who have jobs but not careers. For £280k there are 4 bed detached houses that need no work doing to them.

@OneMoreLight I find that a lot of the people who do stay in London (me included) are BAME or other minority groups. I know my MIL stayed for 7 years in a 1 bed flat in London with 3 young kids because she was an orthodox Jew and at that time, moving out of London would have meant no synagogue, no community, no Jewish schools. It was a lot cheaper then but I am sure she could have afforded something bigger outside London for the price. She did eventually buy a house in zone 3 London but only after a long time.

@ladybirdsarelovely33 just like you can't really compare a 3 bed detached house in Manchester to a London flat. location is key.

The problem with commuting is that at a certain point (usually when you start paying rail fares), the amount of money you save on the house is spent on transport. However, there isn't that much difference between a zone 1 travelcard and a zone 1-3 travel card, a little over £20. Granted many people in zone 1 do walk to work, but not everyone can as it depends on where your work is.

When I was buying, I found that once i started looking in zone 5 and beyond, whatever I was saving in terms of the house price was very quickly eroded by the increase in transport fares for 2 people even if it was bigger. What i got in zone 3 was smaller but overall it worked out cheaper. I didn't really like anywhere in zone 4.

I think I have stayed there before. It’s classed as an apartment stay (or rather was) on booking.com and airbnb.

Or you could buy this for a bargain £210k and just live in your car....

www.zoopla.co.uk/for-sale/details/50952591

@GrumpyHoonMain

Did you really stay in that place

TBH I could live in it and be fine, I'd put up a nicely decorated screen to make a division between the bed area and the rest of the studio, and a couple of houseplants in the window

That makes me think of somewhere of hostage would be held.

[quote JoJoSM2]@GrumpyHoonMain

Did you really stay in that place [/quote]
It looks really similar to a couple I use around that area. They are definitely short stay apartments.

@Westnorwood

That makes me think of somewhere of hostage would be held.

Better than the britannia hotel in canary wharf. Never go there.

They got the advert wrong. It should read

"Studio room, great for a London shit-hole"

🤣 yy. "Investors! Take your first step to owning half a street full of illegally configured living spaces! Optional introduction to pimping available on request."

If I was single and young I'd love it. Vibrant area, bus or walk to work. Eat out all the time, mortgage on that's about £700 a month - considering you'd pay that for a flat share a bit further out it's a good price to own somewhere.

You'd have to be ruthless with what you owned.

You wouldn''t get a mortgage and the advert says cash only anyway.

What a miserable place to live.

That’s just a parking space !

I can't think of a reason you wouldn't get a mortgage - seen plenty get mortgages

My flat (not like that!) was cash only - when they didn't find a cash only buyer they still sold it

Can't see how it would pass any kind of safety checks, fire regulations and so on. It looks like complete hazard.

[quote Mistymonday]For just £10k more! www.zoopla.co.uk/for-sale/details/50952591[/quote]
It’s just a parking space!!

This costs more than my 4 bed semi with garden and 3 car drive. But then it would be 2 hours on the train to London from my house.

@LaurieFairyCake

This ‘flat’ is the size of a box room. Banks won’t even lend on some very small (but real) flats let alone this thing that doesn’t even fit a kitchen or a bathroom or a room.

I can’t imagine how any council would allow for that to be a legal flat With its own address in the first place.

WOW! Some poor bugger might have been confined to that room during lockdown.