Hi,
I have been looking to buy a 2 bed garden flat in the Ladders for a few months now but am finding that flats are going for over the asking price... does anyone have any experience or advice of *how* much over this normally is? I'm trying to work out whether I ever have a hope of moving into the area (!!) and would really appreciate your views.
Obviously I have looked at Zoopla etc. but the flat's sold prices don't show up for a while and the area seems to be changing quite rapidly.....!
Thanks in advance (happy for a PM if easier to reply), Suze
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We bought a flat last summer before the prices shot up. I know that the ladder is in high demand at the moment. Other friends who have recently bought in the area have given asking price. But I would recommend Anthony Pepe, who were very good and the manager is Ben. Good luck!
God, careful with calling it 'The Ladders' around here. You'll get clobbered.
Come now. All Ladders' residents are friendly, accepting, generous-spirited, open-hearted, open-minded people. They would politely overlook any such picayune error.
I nearly posted something twice correcting this outrageous mistake.
ON the LADDER!
;)
Well, alright. Sorry, SuzanneB. Seems I was wrong.
There's always one intelligent charming welcoming local resident who - just for fun - pretends to be Oscar the Grouch. John is not really like that. He's just drawn that way.
As Alan mentioned, we're all friendly, open-minded and singularly pluralist folk in these parts - but our pluralism stops way short of "THE BLOODY LADDERS". Try the Hamptons further along.
I know someone who bought a two bed (on Gardens rather than Ladder) recently (no garden) for 325k. The original asking price was 300k. It went to sealed bids.
Yes, it's very much the norm in the present market, and I think particularly in areas that have historically been relatively under-valued.
It's a no brainer really; lack of housing stock + bigger deposits needed = realignment of under-valued areas.
Yes, The RICS Housing Commission Report (out yesterday) looks to address the country’s housing crisis in the short term and manifesto commitments ahead of the 2015 election.
They pointed out (in a radio interview) that successive governments since 2001 have done little to tackle the housing crisis; so that's all three main political parties we're talking about.
Oh the Tories have made a great leap forward, I got a leaflet through my door (NB my door) telling me that I can now get up to £100k discount if I buy my council house. That'll sort it.
Suze, I know this isn't a direct answer to your question, but I think you should be sceptical about asking prices, remembering that this is just a number plucked out of the air by an estate agent (usually with one eye on getting the business from the seller).
Go and look at as many flats as you can (even ones that you think you won't be interested in), so that you have a good idea of what properties are worth. Once you have a good sense of that, you can offer to pay what you think a particular property is worth, and don't need to worry too much about whether that happens to be more or less than the asking price.
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