Quarter of a Million Pounds Flat

[MaloryJones]

I often look here and have a look at the Right Move links people post.

Well, I am proud to say I have found this corker on Facebook

The price is eye watering BUT ... well , check out the photos.

Enjoy (as I have often enjoyed others links)

https://www.manncountrywide.co.uk/properties/20329157/sales/LWM250002#/

I'm not sure why an estate agent would take photos and allow it on their site, it degrades the agent.
No pride.

I'm not familiar with the area, but how bad is it really?? What sort of issues does it have??

I suppose the issues explain the price, I'm amazed you can get anything for that money in London. I had to move outside of London to buy somewhere because on my own I just couldn't afford to buy anywhere. I was happy to live.🥲

That's a bargain for Camberwell

Eye watering price? I think it seems cheap as chips. Give me 5 grand and a month and I could have that place looking like an absolute palace. If you took that ridiculous fridge out you’d increase the square footage immediately.

That will be a good investment for somebody. Spend a bit of money and that's a flat in a good location with a solid build.

Don't take it personally the OP clearly has no idea about prices in London areas in London or sod all else really, oh she's done is shown herself up!!

Part of the reason round my way is that owners have to pay double council tax for an empty property.

Isn't that normally after it's been empty for a year though?

Most London councils have now removed the exemption for empty properties immediately from when they become vacant, and brought forward the double charge period. Councils are strapped for cash, they need every penny they can get.

Oh I knew it had been brought forward (the double charge) but thought was from 2 to 1 year.

My council is now doing this actually. Think it comes into effect in April though.

The grace period seems to be shorter for landlords.

A builder who lives down the road from me is complaining that the council is taking 200% council tax from him, even though he's been decorating the property. They're saying that it has to be uninhabitable (and in the process of renovation) to get a full remission of tax.

It's an ex council house and he had a tenant who has either moved on or died.

You could do a lot worse: top floor flat, convenient for Kings College Hospital and Camberwell, only needs cosmetic update. Also you can cycle into Central London from there with no hills, I know from experience!

I honestly don't know how people can live in properties like this and not be seriously depressed

It's honestly great for the area! A fantastic price. Look at the size of all the rooms, and it has a balcony.

"If it IS tenanted, they should have evicted prior to marketing"

Why would they need to do that? Lots of properties owned by landlords are sold with a sitting tenant.

What are you talking about? It's got to be a landlord selling. The tenants aren't interested in presenting the flat well for the EA photos.

Anyway, the point isn't the cleanliness of the flat. The point is it's size, location and low price!

Edit to say - sorry, I've quoted the wrong reply. I'm replying to someone and their bit of rag and water advice.

I'm quite fascinated by this comment. I live in a similar sized new build. Not in London. Actually this place looks bigger than mine.

I'm currently not taking antidepressants for the first time in decades. Well, I'm more than a year off them which is amazing.

But yeah, I'm not quite sure what you mean. For some people, this is all they can afford. I can afford more, but as I said up thread, I downsized. My first property was probably this size as well and my rental was actually a bit bigger, but I really struggled to keep on top of housework because I was working crazy hours in order to buy a flat.

I don't know if it's a changing times thing or if age has turned me into one of the four Yorkshiremen, but I just think, this is life? Yes, I dreamt of having a mansion and all the rest of it, but the reality is I am not made to achieve those things. I don't have the personality for it.

I did think about marrying for it, for about five minutes - but I value my independence and don't do well in a relationship.

Have you only lived in luxury? I had a big flat and a nicer flat before and I absolutely loved it. But it didn't save me from any mental health issues.

btw to the poster who would make it open plan, my kitchen is smaller but I'd love to close a door on it. I have thought about screens but the space is too tight. Also, separate kitchen makes it easier to deal with cooking smells.

I am expecting to retire by 52. That is exciting! Maybe I will live here forever.

if i ever feel lonely again, I will think of how many potential snobs there are out there. Got to be careful of that when meeting people.

I suspect it's so relatively cheap for London because the ground lease is short. Otherwise it's a bargain.

Well you're narrowing your market if you sell that way but regardless, this property doesn't state it comes with tenant?

I'm looking at this and wondering why someone made a thread about it? Seems pretty fair price to me and nothing ridiculous or outrageous, not even garish or outlandish in decor.

So I'm confused.

It also says, wrongly, that it's a 2 bed, and doesn't say length of lease, so the agent isn't doing a good job. I reckon it will be like pulling teeth trying to get the agent to explain the low price.

don't blame you. Still wonder if it's the vendor doing a strange promo!

I think the flat is incredibly cheap for Camberwell. It wouldn't cost much to make it lovely and presumably it will be structurally sound if it's in a big block. I can only assume it must have a very short lease for that amount.

Yes... I don't think anybody can argue that the agent is more rubbish than they are in general anyway 😂