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Interesting for you to just post about the flat which I assume is yours. Am I correct in assuming this?
I wish you the best of luck with your sale but it is getting quite annoying to see so many houses on the Ladder being converted into flats. If people cannot afford houses on the Ladder, why not look in Noel Park or South Tottenham instead?
I did not personally convert the flat but purchased it that way. I am one of the people who can't afford to buy a home on the ladder and therefore had to move further out.
Gillian, I didn't mean it like that. The reason I am opposed to flat conversions on the Ladder are because:
. I grew up in Harringay and this time 10 years ago (when I was 12), there were more families living on The Ladder compared to now. This is because the houses mainly attract the interest of families, whereas the flats mainly attract the interest of couples in their mid-late 30s and early 40s without children or very young children (but when their children get older they move, and are replaced by couples without children).
. Sometimes the flats are bought by people who intend to rent them out which is annoying because there is a high demand among buyers who actually intend to live there.
. And the more flats there are as opposed to houses, the more the population increases.
Though I wish you all the best and I'm sure you'll achieve the £400,000 price tag. Let's hope it's not bought by a landlord who intends to rent it out.
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THe house has now been painted grey since the pictures were taken.
No offence, Lisa - but £400K+ is a crazy price for one narrow bedroom and one narrow attic plus a reception that at a push might qualify as a "master" bedroom. The ugly bubble is here - bring on the bu(r)st!
That's quite rude OAE. She will sell for that price. And by the way, it's a 2 bedroom flat.
Not rude at all, Jerry. Lisa advertises her flat on this social site, so obviously she wouldn't object to a free and honest comment from a fellow member of HOL. Yes it qualifies as a 2-bedroom flat, but it's obvious what it is. £400K+ is much too much to pay for this piece of goods. If it were ground-floor with a sizeable garden and two bedrooms where you could stand up straight without bumping your head on the ceiling-walls or smashing the velux window, I might say OK, good luck if you can get the £400K for it. That doesn't mean Lisa won't get it - I have no doubt she will. That, alas, is where we are at. On one of the outer mini-ripples of the splash started by Russian non-oligarchs with just a million or two to splash on similar sized apartments in better corners of London. Blame Putin & Crimea. Better still, blame rich Russians for being nervous - don't blame me for being rude.
There is a 30-50% discount for ex-local authority housing. Why? I can think of two reasons. One is that there is no operation set up here for buying these flats from overseas, all the major house builders in London will facilitate the purchase of their flats by overseas buyers, nobody does this for ex-local authority flats. This doesn't explain why private flats like this are selling for so much though compared to ex-local authority flats. I'm talking about ones in basically the same street. So the only other reason I can think of that they're so heavily discounted is your neighbours. Down in Highbury you can get a lovely three bedroom flat with lots of light and big rooms (tiny bathroom and kitchen mind) in an ex-local authority block for the same money as this flat on the ladder. Why? Anyone?
Council houses and flats always built down to a price. They look cheap. No frilly bits. Slabby. Bit like the Grainger plan which has shiny bits but is still a slab. So as all the money is unreal, find a bit more and buy something that looks nicer. My niece has just got a 40-year mortgage. Is this the new norm? Another year or so before it's yours - what difference does it make, you'll be dead anyway.
Neighbours - whats the difference, apart from on a total sink estate? I have some less-than-wonderful neighbours, cos it's an HMO. They are everywhere.
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