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Chat => General Discussion => Topic started by: Dave on March 18, 2006, 23:48:36 PM

Title: London Property
Post by: Dave on March 18, 2006, 23:48:36 PM
feck me it is expensive - I can barely afford a room in london - just browsing for rentals out of curiosity & decided to have a look at the more extreme end of the market

see if you can guess how much youd have to pay to rent this house for a year:

(http://img80.imageshack.us/img80/1023/house6ty.jpg)

doesnt look all that great thought they have appear to have converted the attic.

Title: Re:London Property
Post by: brummie on March 18, 2006, 23:49:43 PM
£72,000
Title: Re:London Property
Post by: Dave on March 18, 2006, 23:50:14 PM
higher than that
Title: Re:London Property
Post by: brummie on March 18, 2006, 23:50:35 PM
 :shock:

130k?
Title: Re:London Property
Post by: Dave on March 18, 2006, 23:51:37 PM
higher still.. seriously
Title: Re:London Property
Post by: brummie on March 18, 2006, 23:52:07 PM
no way, where is it??

160k?
Title: London Property
Post by: Serious on March 18, 2006, 23:52:09 PM
Its probably worth well over a million quid so expect to pay £20K a month or more. £240,000?
Title: Re:London Property
Post by: Dave on March 18, 2006, 23:56:32 PM
yep - serious is almost spot on

it will cost 5K per week to rent so 260k per year
Title: Re:London Property
Post by: brummie on March 18, 2006, 23:57:26 PM
Thats disgustingly expensive

not having that one then???
Title: Re:London Property
Post by: Dave on March 18, 2006, 23:59:26 PM
nah - tis a bit on the small side and doesnt have a pool

seriously though it is pretty disgusting - you could live there for 4 years (paying over 1million pounds in rent) and have nothing to show for it afterwards.
Title: Re:London Property
Post by: brummie on March 19, 2006, 00:01:28 AM
Quote from: Dave


seriously though it is pretty disgusting - you could live there for 4 years (paying over 1million pounds in rent) and have nothing to show for it afterwards.


you would, bankrupcy papers :D
Title: Re:London Property
Post by: Dave on March 19, 2006, 00:06:13 AM
Is anyone else up for renting one of these places & seeing how long it takes before they realise the cheque has bounced & the bailifs come round - I reckon theyd have to wait at least 14 days so there could be some partys to be had - just need to find one with a pool!
Title: Re:London Property
Post by: brummie on March 19, 2006, 00:09:54 AM
I want an invirte if ya do. Think they would want some sort of deposit first.
Title: Re:London Property
Post by: Dave on March 19, 2006, 00:17:31 AM
it would be very tempting to try to get one with a pool in the summer for a mad weekend

theoretically I guess if I get some false references and take one out in a false name - I could simply move in on a friday - have a party friday, sat and sunday daytime - by the time they realise the cheque has bounced then Ill be long gone - as Long as I dont trash the place/damadge anything then I guess it isnt that bad morally - empty houses doing nothing ought to be put to some use!!!!

theoretically of course - not saying I actually would do such a thing
Title: Re:London Property
Post by: brummie on March 19, 2006, 00:18:45 AM
Yeah Dave, we know you wouldnt  :wink:
Title: Re:London Property
Post by: Dave on March 19, 2006, 00:24:07 AM
other options of course are to simply find an unoccupied property that is up for rent & jump the fence to use the pool/have a party - not even breaking the law or doing anything dodgy then.
Title: Re:London Property
Post by: Serious on March 19, 2006, 02:15:15 AM
Quote from: Dave
yep - serious is almost spot on

it will cost 5K per week to rent so 260k per year


Get ourside London, up to the North East and that sort of money would *BUY* you a very reasonable house outright.
Title: Re:London Property
Post by: Norphy on March 19, 2006, 03:28:34 AM
It would down south as well, just not in London. I live in Dunstable which is about 30 miles North of London. £260k would buy you a four bedroom semi easily. OK, not the mansion that youd get up north but at least theres work down here.

/me ducks :P
Title: Re:London Property
Post by: M3ta7h3ad on March 19, 2006, 09:30:41 AM
It would do well in cardiff too. Not necessarily in the CITY but itd get you a nice house in the lands of suburbia surrounding it.
Title: Re:London Property
Post by: Dave on March 19, 2006, 17:27:08 PM
Quote from: Serious
Get ourside London, up to the North East and that sort of money would *BUY* you a very reasonable house outright.


Might be worth it if I was looking to retire but not really worth it at the moment - problem is Im looking for work after resigning from my job last week & there isnt much of it in that region - at least there isnt any that pays a decent wage.
Title: Re:London Property
Post by: Mardoni on March 19, 2006, 21:08:52 PM
Its not just London that is that expensive ;)

Im in Brighton at the moment and £260k would only get you a 3b/room in a decent part of town. Cheaper is avalible but you wouldnt want to live there.
Title: London Property
Post by: maximusotter on March 19, 2006, 21:13:20 PM
You can get a 3 bedroom old Victorian cottage in my hood for £120K and have a three mile drive to downtown. :P

Title: London Property
Post by: Serious on March 20, 2006, 00:26:34 AM
Quote from: maximusotter
You can get a 3 bedroom old Victorian cottage in my hood for £120K and have a three mile drive to downtown. :P


Ive got a five bedroom brick built terraced town house right in the centre of North Shields (shops just around the corner, pub across the street) which I bought with my brother for £72k a couple of years back. Although I had to spend another £2.5K on new windows, £1,400 on a new central heating boiler and £600 ion a new fireplace and gas fire for the living room, although the thing never gets switched on. Overall we have still put in less than £80k. TBH I dont want to find out what its worth on the open market but I suspect its worth a little more than weve paid out.

Presently trying to get the government to pay for cavity wall insulation, another thing for Sam and all those lovely tax payers to contribute to :)

I was looking at three bedroom houses in Whitley bay, seems to be some nice ones for about £160k in easy walking range of the beach.

I fancy this but its in Sunderland :cry:

http://www.rightmove.co.uk/viewdetails-6196601.rsp?pa_n=3&tr_t=buy

Its also about £750K but says POA...