Harringay, Haringey - So Good they Spelt it Twice!
Just sold on my street for £850k
Tags for Forum Posts: Hmo
Replies to This Discussion
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Permalink Reply by Lauren on
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Unit 7 sounds like it was the separate loo room! An Aussie pal of mine rented a "room" on Kimberley gardens like this back in the 90's for £40 a week. She only used it for sleeping and illicit one night stands but I believe it was more than adequate.
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Permalink Reply by pamish on
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They are being less than enterprising with that lovely basement. I reckon they could fit in four mattresses widthways and two more longways, plus a cot.
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Permalink Reply by Michael Anderson on
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I know. What a lack of entrepreneurialism.
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Permalink Reply by 2wo1qeh6fxhr3 on
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that's no joke, when i bought my house on the same street about 10 years ago the basement was divided into 4 little 'bedrooms with plywood partitions, some tatty damp carpet on the cracked concrete skim over dirt floor and dodgy wiring and lighting in each compartment, and a mattress in each and you can't even stand up in my basement! well i can't anyway at 6'3" but maybe if you are on your knees anyway (metaphorically speaking) it makes no difference. very sad.
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cant understand the crazeee prices on the Ladder. a mile or two away gets you the same houses for half the price, along with schools/transport etc
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I think the price is probably a reflection of the money the new owner will get from cramming at least 7 people into the house and charging them each God knows what per month.
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Permalink Reply by matthew cuthbert on
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Shhh you price those guys out too...
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Permalink Reply by Rob B on
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Just out of interest, how do you know it sold for 850? That one has been marketed at 850 for many months (I was looking for properties from Jan-May this year at it was always coming up in my searches!). I have my doubts it achieved that price (or even close)... although you never know!
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Don't know the actual sale price. May have dropped. My point though is that even in questionable condition a property going for over £700k is seen as a good investment locally because of the amount you an get back from an HMO. I have nothing against HMOs. They are a way that people can get somewhere to live. My beef is the conditions people are willing to put up with just to put a roof over their head. I mean, a room less than 1m wide!
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I don't think the houses on the ladder are selling to be continued for use as HMOs. The numbers - as you say - don't stack up at the prices they are selling at to make a decent return.
My guess is it's been bought by a developer to turn into a fancy family home, or a family has bought it to do themselves as a project.
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Not so sure Percy. New HMO licences are difficult on get on the Ladder as Haringey have restricted them in the area. A property with an HMO licence here is probably quite valuable.
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