House prices

Mirandola

North London dinner party stuff, I know. But still...<br><br>595k for a one bed on Hanley road.<br>http://www.rightmove.co.uk/property-for-sale/property-54793886.html<br><br>650k for a two bed above the Railway. <br><br>http://www.rightmove.co.uk/new-homes-for-sale/property-52097641.html<br><br>What the actual?<br>

NorthNineteen

But whether they sell for that is another question? I have a good friend who works in property in SW London and he said the market has completely died there.<br>

Ali

Well it might well crash. US Interest rates go up we follow a little later up goes interest rates and Buy to let stops maiking money, people sell downward pressure on prices !

Papa

That one on Hanley Road is reduced to that price too. It went on for more and hasn't sold.<div><br></div><div>It won't sell for that. Even in London's still bonkers property market that's way too much.</div><div><br></div><div>I think it is priced that high because the houses on Hanley Road are easy to add basement conversions too. They tend to have a cellar under the entrance hallway and then a half height cellar under the two front rooms. </div><div><br></div><div>The floorplan has a full basement on that flat, so I wonder whether it is already cleared.</div><div><br></div><div>Do the basement and you have a big three-bedroom maisonette.</div><div><br></div><div>Of course, Foxtons being an estate agent and being Foxtons, haven't factored in the cost of the work plus at least a 20% profit margin on that plus purchase price to make it worthwhile.<br><div><br></div></div>