What is wrong with this flat?

[Danni677]

www.rightmove.co.uk/properties/93970370

This ticks all my boxes. It is a reasonable price for the area but has been on since Jan. just wondered if I’m missing something?

It’s a fairly busy road but that’s ok.

Thinking of booking a viewing but don’t want to waste people’s time if there’s something obvious I have missed.

It makes me feel claustrophobic just looking at it!
If it’s small in photos with the EA photography tricks it must be minuscule in real life.

It’s ridiculously tiny that’s why

And Jesus Christ to all the people saying no lift! it's a 3rd floor not a skyscraper!

I live in a similar maisonette, top floor no lift. survived the pram years, the toddler years and ocado not bringing the bags to the kitchen years. it's not that bad people!

I think it is the reduced height ceilings. I looked at quite a few properties with sloping walls and reduced height ceilings and they just feel smaller. Also is it a walk up with no lift, again that reduces value.

I think it's lovejy - I would turn bed 2 into a cosy sitting/dining room

• Tiny living space for 3-bed flat.
• Probably no lift, so two long flights of stairs to go up and down any time you want to go out/collect a parcel/food delivery.
• No garden (shared garden access?)
• On-street parking
• Top of the building, so quite possibly cold in winter and absolutely boiling in summer. Those old buildings often have poor insulation. I bet it will be like a furnace today, for instance.

Yeah, people looking in Maida Vale are just desperate to switch to Peckham Rye 😆

£1.2m for a three bedroom flat with compromised headspace due to being in the eaves. There won’t be a lift, either. Or parking.

It’s a lot on money for a lot of inconvenience.

I know you’re a Londoner and want to be in the city but I’m only one hour out by rail (door to door - London Bridge, anyway), and for £1.4m I bought a rambling 7 bed farmhouse in a very good state of repair, with indoor pool and 12 acres. This isn’t a brag, it was a lot of work to get there financially, just illustrating the differences in our quality of life for not a huge amount of financial difference.

It's a nice flat in a great location but I have no idea if it's priced correctly for the area. London prices are mind boggling to me. If you click on the extra details tab it shows the service charge to be just over £3k pa, which is pretty good. We pay a bit more than that and we're out in the sticks. The freehold is shared between the flats so that's good also as there will be no issues extending the lease. Find out who manages the building - is it self managed by a residents' committee or is there a management company? Find out how much money is in the coffers and if there are any major expenses anticipated - windows, drains, roof etc. It's top floor so no issues with noise from above. Negatives? It will be stinking hot in the summer, there's no parking and it's quite a small flat - ours is 200 m2 and would be valued at about 400k now!

It's small floor area for 3 bedroom. The master bedroom is in the loft, so is not great for the price. I don't know the prices in the area but if it hasn't sold since January, so it must be overpriced. If you like it, view it and negotiate.
Is the terrace on the side of the busy road? That might put people off as well.

Also the ground floor is lacking storage space. For example the hallway is tiny, where would you hang your coats and put your shoes?
Will you be able to fit sofa and a dining table in the kitchen/sitting room?

Looks lovely might be just wrong location for some people.

A flat like that round here goes for between £18,000 - £30,000 so these prices are insane to me.

It's been on now for over a year and has steadily reduced in price from £1.5m initially.

It looks inconvenient to live in and I would be wondering about sound proofing.

You can buy 5 or 6 bed houses in London for 1.5m. I actually looked it up when I saw this thread! There’s several in Dulwich, for example. Even in west London you’d get a house for that in Balham or Tooting.

Wonder if this is the estate agent, trying to get web traffic to the listing?

Is Mumsnet really full of the target market?

For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent

With high service charges and ground rents people may find it hard to get mortgages on them. These fees can also increase dramatically. There are an awful lot of over 55 accommodations on the market locally to me for this reason, they can't sell them.

I can't understand how anyone would be happy with the kitchen in the living room thing, unless you don't actually cook.

I think if OP felt that way, they wouldn't be looking at a flat in central london so it's a bit pointless. It's condescending to declare you have a better quality of life (rather than just a better, bigger property), when for other people they may feel their quality of life is better in a city.

I’m glad that we chose to live round Wapping and Canary Wharf than areas such as that flat is in. For the same price you can get a very nice flat by the river in a nicer building.

Of course, if you want what West London has then it’s not suitable, but we had a 1,800 sq ft three bedroom flat right on the dock front 200m walk from my husband’s office for a similar amount, in a beautiful warehouse conversion.

Max 19 by 13 is not a great size lounge/ kitchen/ diner. In reality I'd think you want to use it just as as a kitchen/ diner and bed 2 as a lounge. Bed 1 has no place for a wardrobe and you'd hate to have your head that close to the ceiling. Really it's something of a pokey 2 bed (for that area).

You can buy a decent 5 bed in walthamstow for around 900k.

The further out you go, the higher the commuting cost will be (both time and money). I can understand why someone would prefer a smaller, more central property to a mansion in Essex or Kent. Plus, the bigger the house the bigger the (heating/electric/maintenance/exorcist) bills.

FFS,
I'm sorry but not everyone is poor. Nobody wants anyone to struggle but the OP need make no apology or be embarrassed because they have privilege (well earned likely).

jealousy is a wasted emotion.

oops, actually just saw a very small amount of wardrobe full hanging in bed 1 so perhaps that was not fair. Not great wardrobe space for such an expensive flat though and I'd still never buy anything with a bed which guaranteed regular hitting of your head.