Harringay, Haringey - So Good they Spelt it Twice!
A Peek inside a Grand Parade Studio Flat
In case anyone's curious, here's what the inside of one Grand Parade Studio flat looks like:
The property is currently up for rent. More pics on Zoopla.
Replies to This Discussion
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Permalink Reply by 1rculph1h5nq7 on
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It's what happens as the area becomes 'East Crouch End'!
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Permalink Reply by Liz on
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Now just imagine if you owned half a dozen of them...
This does actually look quite 'high spec' (it's also on with Foxtons who are not cheap). People currently searching for places to live tell me that somewhere habitable with a bedroom is £1,200 pm minimum and there isn't much on the market. Tough times for renters.
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I always assumed that a one bedroom flat at that price would consist of a kitchen, livingroom, bedroom and bathroom.
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Ah no, even 14 years ago when I was renting a "one bedroom flat" in Finsbury Park with hubby, it was basically 2 large rooms, one of which had been carved up into miniscule kitchen, small bathroom and a living room big enough for one sofa and a tv.
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Permalink Reply by linka on
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sounds exactly like my old flat, which cost about £40 less than this place. Landlord collected in cash - blurgh.
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Permalink Reply by Betty Careless on
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I always assumed that a one bedroom flat at that price would consist of a kitchen, livingroom, bedroom and bathroom.
That would make it a two bed flat - any room a bed can be shoved in is an extra bedroom. Living rooms are luxury!
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Permalink Reply by John McMullan on
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This is the price you pay for not sharing accommodation in an HMO. If you were willing to share, it could be half that. Of course if you have children there are very few options for sharing.
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Graham but I think you should assume collective horror from some and gallows humour from the others.
I personally am just fist pumpingly happy that this discussion has elicited 50% more views than my own stab at demonstrating how the wealthy hide their income. You would think that given the fact that a lot of the rental market in London is owned by foreigners would mean that we could get some popular movement going to ask for rent controls from the government. I am not being xenophobic here, just practical.
The enormous tower some of us can see from Harringay at Manor House has been complete for quite a while but is hardly occupied at all as the estate agent carefully bleeds the properties onto the market so as not to have a temporary glut and therefore a temporary price decrease, which would be locked in by the tenant for twelve months.
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As long as it's not smugness. I worry that some people who have owned for a while are out of touch with what it's like for those renting in London. It makes me quite angry and I find it difficult to laugh at the situation, especially when I have friends my age who could easily afford mortgage payments with bags of cash to spare, but can't get mortgage loans or don't have deposits. Instead they have to spend in excess of 50% of their income on crappy properties like these or rent with strangers.
I'm not sure what foreigners have to do with it, but maybe I'm missing something.
Re the Woodberry Down Tower at Manor House, the only thing more disgraceful than London rents is the number of empty properties, especially with the amount of homeless people in our city (and borough). They're horrible over priced monstrosities aimed at people who have no intention of connecting the local area though, but then that's another matter entirely. Probably advertised as being 'minutes from the bars and restaurants of Stoke Newington Church Street' with 'good transport links and easy access to the city'.
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Well I am just using a sample of the buildings at Woodberry Park and they are almost entirely owned by foreigners (when there are tenants to ask). Perhaps that is an anomaly.
I think you underestimate how attractive London property looks as a safe store of value for people from countries where the governments are not as respectful of wealth as ours. Not everybody who buys property wants to go through the headache of renting it out, they've made a nice tidy profit just on the capital appreciation.
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The government is going to use inflation to pay off its debts. You simply cannot have too much cash in these times. Get a nice debt and inflation will pay it off for you.
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This does seem to be an extreme example. We rented around here for five years before buying last summer. Our final rent was just under £1000 a month for a decent one bed place with garden. We now pay just over £1200 on a mortgage for a two bedroom place. Deposits aside ( a small miracle on our part to achieve one), the mortgage isn't actually much different than the rent so I am puzzled at claims that landlords rake it in... I always thought this must be true, but presumably only if bought a while back?
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