Harringay, Haringey - So Good they Spelt it Twice!
Are Harringay Property Prices Hitting New Heights?
With the "million" pound house on Duckett's now apparently sold - for an undisclosed sum - this morning saw the same Harringay agent list a 4 bedroom house on Frobisher for £835,000, making the 5 bed on Eade at £775,000 seem like a bargain.
So are local property prices hitting new heights, to the delight of some and the chagrin of others, or is this just an agent with too much lead in his pencil?
Replies to This Discussion
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Permalink Reply by james walsh on
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yes
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Permalink Reply by Abi on
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Yes, clearly. But are prices dropping or staying the same in any part of London right now? (genuine question, I suspect not but am only tracking them locally).
I suspect it's mainly the 'underpriced' areas that are seeing the most growth: in my road (SoTo) we've suddenly seen a spate of flats go on at around £350k and they are selling: previously, I don't think a flat had ever been sold in the street for more than £270 and mostly much less.
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Does seem to have been a bit of inflation since I moved here last year. Those particular properties do look pretty big though - perhaps slightly bigger than the average Ladder house.
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Permalink Reply by Clive Carter on
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at £835,000 etc you still get a lot of house for your money.
Not my money Clarissa!
In most cases, 'your' money will be other people's money, borrowed through our marvelous banking system that helps to inflate prices to such levels.
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Permalink Reply by She on
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Do you think it might be something to do with the new cross rail development to go from Alexandra Palace to west London?
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Permalink Reply by John McMullan on
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No, as Clarissa said you still get a lot of bang for your buck in Harringay compared to other areas of London.
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Yes, ultimately there will always be a subset of people who choose space over purely 'location' and this group is (I suspect) growing as the age of first time buyers rises in line with people wanting to start families while holding down Central London jobs. Some will go down the epic commute route, but that has its own problems.
This, plus transport links via a walkable zone two tube station is pretty much the long and short of it. Most aren't thinking as far ahead as crossrail, I think it's still mainly about the tube.
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Agree that local ballooning property prices are unrelated to the Cross Rail 2 – its too far off, though I welcome it. However the bang for "your" buck referred to, could end up as a (London-wide) property bubble that goes bang.
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Permalink Reply by ant on
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A new one for sale on Frobisher today. Coming home from Fairland Park this evening there was a queue of must have been at least 8 people outside and some estate agenty looking people. I thought it might be the £835k one you have above and asked as we were passing but they said no it was a new one just on the market today and that there was so many people because they go so quickly at the moment. Frobisher Rd is the place to be, probably all the street planting...
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I noticed a queue of people on Falkland Road too for a new flat up for sale.
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A week later this flat was under offer. You have to get in quick it seems.
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Permalink Reply by Shelene Hawkins on
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We are new to the area, having recently bought, and can confirm the prices advertised are pretty close to the mark. We lost out on a few properties as they went so quick, and over the asking price. We were in a bidding war for the one we are in now and again, had to put in an offer over the asking. Very happy to be in though. We love it.
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