Harringay, Haringey - So Good they Spelt it Twice!
£1,500 a week for Olympics let of two bed flat in Harringay
Back in June last year. I added a post about the 2012 Olympics lettings market and mused on how it may effect Harringay. Today I got something of an answer.
This afternoon I was out in Harringay with a local businessman. We bumped into one of his clients. Charlie, from Hampden Road, shared with us what to me was almost incredible news. He told us that his downstairs neighbour had just secured an Olympics let of his two bed Hampden Road flat at £1,500 per week. Yes, PER WEEK!
Hard to believe, but apparently true. I introduced myself, explained the reason for my interest and asked Charlie which agency his neighbour had let through. He wasn't sure of the exact one, but assured me that a quick Google would offer a range of agencies.
Sure enough and here's a Google search on 'London olympics lettings'.
Diving into a randomly chosen site seems to suggest that the figure Charlie quoted is pretty realistic. The site I looked at included:
- Mountview Road 5 bed house at £9,995 per week
- Shaftesbury Road, N19, 2 bed flat at £2,000 per week
- Quernmore Road, 2 bed flat at £1,795 per week
Quite something of an Olympics bonanza!
Has anyone else been down this route?
Replies to This Discussion
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Permalink Reply by Tilly on
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The harm is that many long term local residents now face being kicked out of their homes by landlords who see the opprtunity to make a quick buck. When you consider the impact this may have on council housing and services, it's an issue that affects us all.
Anyone looking for rented accommodation in North/East london has already seen the impact this has had on rental prices.
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Permalink Reply by Hugh on
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Tilly, you raise a good point when we consider landlords. In the instance you point up there's a clear and, to my mind, unreasonable impact on people's lives. I agree with you; there is 'harm' in this case.
In contrast, my understanding of the previous discussion has been that we were talking about occupiers, more likely owner occupiers, renting out their property. In my view the issue is completely different here. If someone wants to move out of their home for a spell, why not. The only downside I can think of is that of renting to unsociable people.
There may well be a slightly higher risk of experiencing unsociable behaviour from very short term tenants. I'd hope 'Olympics landlords' would discuss this issue with their neighbours beforehand.
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I thought HOL had set up as an agency to let all Ladder rooms to Jamaican Olympic Village visitors at Kingston rates for that fortnight in August, no ?
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Permalink Reply by Betty Careless on
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Interestingly most of the central London boroughs have banned short term lets: http://www.bbc.co.uk/news/uk-england-london-15083506
Don't know how that's policed though.
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I intend to get right out of London during the Olympics, since I think life in the highly policed, fully armed, nomenkletura traffic-laned, media-hysterical capital will be a total pain in the arse for the ordinary punter.
So this is a Very Good Suggestion. Thanks.
Obviously, you nobs are in the posh, Muswell Hill borders part of Tottenham, so you can charge top prices, but maybe those of us in N17 (the postcode with genuine street cred) could extract at least £1k a week from some sport-obsessed sucker.
Cool. Pay for me to get pissed in west Wales while the idiotfest rattles on...
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No, dear, if you must use pre-1965 administrative borders, get it right. Half of us are in the unposh part of Hornsey. Or, why not just accept the fact that the boroughs of Hornsey & Tottenham ceased to exist nearly 50 years ago but that we've been Harringay for something like 130 years. (Sigh)
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John, how can you deny someone the chance to make a bit of dough by staying with a mate or family for 6 plus weeks? Why don't you do it ! It's actually more than most people's annual pension contribution, and if any homeowner has the nounce and the time to get a gas certificate and arrange to move, good for them.
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Ian, try it actually. Many jobbing journalists from around the world, and bodyguards, and (oddly enough) bus drivers are being sent over and happy to live anywhere with a bed. If you are moving out, seriously, why not advertise your place and see what offers you get. You may be pleasantly surprised.
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Permalink Reply by Adedayo Ige on
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That sound pretty high and that is my concern. Although Olympics comes around in a life time, its impact has a far reaching and ripple effects.
How will that affect the residents in this area to be able to afford that kind or rent after the Olympics is gone? The land lords will be happy to get as much rent as they can but the translation of that results into artificial rent hiking making life more difficult for others.
We all are throwing our hands up when the Banks collapsed, but no one thinks that the cuase of that is two folds; the greed of the bankers and housing industry.
we had a property somewhere in the ladder, to know what is going on some years back I asked one of the local Estate Agents to value it and was put at 250K and a year after I asked the same agent to value it again and I was shocked and angry to hear 350K. My question what have we added to that house to have risen in sale by 100K.
It is a big concern for me.
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Surely it is all down to supply and demand and if visitors are prepared to pay then good for the person who earns the money, but its income and you have to pay tax on it, pay for staying somewhere else, get all the certificates, and clear out all your personal stuff and valuables and you will be called if the smallest thing is found lacking. Also, from experience people who pay a premium for short holiday lets don't tend to take particularly good care of the place. So the deal may not be as good as it first seems.
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