Harringay, Haringey - So Good they Spelt it Twice!
Bargain of the Decade: Harringay House Goes on Sale for Less than £50,000
We had the million pound house last month, now this month we have the sub £50,000 house. A three bed on St Ann's for £41,000. Hurry hurry whilst stocks last! (I wonder how the client feels right now about the agent's boast, "to meet our clients highest expectation is our standard, to exceed them is our goal". Correct me if I'm wrong here, but just taking a wild stab at things, I'm guessing that the client might be expecting just a wee bit more than 40 odd thousand.
Replies to This Discussion
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Permalink Reply by james walsh on
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Typo ? decimal point one space to the right
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Maybe the roof is missing?
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Permalink Reply by Michael Anderson on
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One of my friends rang the estate agents to make an offer then and there (a bunch of us were going to club together) only to be told it was actually on for £414k. Now corrected on the website.
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Permalink Reply by Sarah on
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I wouldn't even have to club together with anyone, I could pay cash for a place under £50k.
Still can't get a mortgage though.
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Permalink Reply by Clive Carter on
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Still can't get a mortgage though.
What can euphemistically be described as a correction may be coming. During the free-spending, free-wheeling noughties, some would boast and brag about house prices (some still do). Partly this was fueled by TV programmes aimed at DIY property developers. The big correction likely in London is still to come, but when it does mortgages might become more affordable.
Glee about house prices that rise above the overall inflation rate, IMO, is misplaced.
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We'll see. I can afford to pay a mortgage - in fact it would be cheaper than rent.
However I can't get a mortgage (even at 25% deposit) because of the nature of my work - I have what some term rather grandly a "portfolio career" of part-time and short-term contracts.
I'm wondering if the only solution may be to get a regular full-time perm job for the 6 months it would take to prove to a bank I have stable employment, and then go back to my more interesting career as soon as the ink is dry!
I'm not sure a correction will come though - prices have held steady over the past few years, at least at the entry level (you don't see as many newspaper headlines about that), and that may be the most I can hope for.
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We had the million pound house last month,
Call me an old socialist, but all this is community-created value; "we" didn't have such a house: a single new owner had the million pound house.
Such prices help to put more housing beyond the reach of more people. I'm not sure that this is cause for pride or satisfaction, by itself, when so much of a nation's wealth is tied up in housing. Am I alone in finding such fascination with property prices to be vulgar, unhealthy and even a bit disturbing?
Some estimate house prices to be about 20% above their long-term trend and are overdue for a correction.
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Permalink Reply by Hugh on
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I'd call you something, Clive, but on this basis of this comment it wouldn't be an old socialist!
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On Saturday I spotted an Aston Martin DB9 in Green Lanes. It was parked. Yes, parked and not just driving through! Isn't this wonderful news? It must mean the area is becoming even more monied! I guess some property owners will be now be rushing to check the value of their houses again!
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50,000 pounds for a house is not that much of a bargain in Haringey when compared to the sale by Haringey Council. Which is selling off proprerty it ownes on the Wards Corner developement site for 184,000 pounds.
What type of house do you get for 184,000 pounds, well actaually you get three council houses (with evicted tenants) plus a prime site (next to the tube) shop with flats. Overall worth two million pounds plus. All sold off to the Developer Grainegr at the expence of local tax payers at a time when esstentail services are being cut. Just ask your council for a copy of the development agreement.
Maybe someone should get a better deal for the counil tax payer and bid one pound more?
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We had the million pound house last month, now this month we have the sub £50,000 house. ... Hurry hurry whilst stocks last!
Not everyone can afford to buy property. My sense is that this is less about Connecting the Residents of Harringay and more about connecting the property owners of Harringay, or at least those who like to benchmark their own property with latest market prices.
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From the Council's Annual Governance Statement 2011/12, section 1.1 :- 'Haringey is responsible for ensuring that its business is conducted in accordance with the law and proper standards, and that public money is safeguarded and properly accounted for, and used economically, efficiently and effectively.'
Letting a property go for less than a tenth of the market price doesn't seem consistent with the above requirements. Meanwhile Haringey are recruiting for a new post, a Chief Technical Officer with a salary up to £51,400pa, with the remit 'to ensure the council’s financial systems and controls can respond to changing requirements in meeting its ambitions for achieving technical excellence'.
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