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Harringay, Haringey - So Good they Spelt it Twice!

Has anyone recently bought a flat in the Ladders?

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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Permalink Reply by JulieB on June 25, 2013 at 14:55

Two 2 bed roomed half houses near me (round the corner from Chestnuts Park) went for nearly 10% over asking price - both sold the first viewing weekend and also went to sealed bids. 

Permalink Reply by John McMullan on June 25, 2013 at 15:09

Inflation is coming (no, it's here) and the best way to avoid it is with a big fat debt. A big fat debt on your living costs is just awesome.

When interest rates begin to climb again so will wages (or there will be blood on the streets).

Permalink Reply by John D on June 25, 2013 at 15:31

Obviously RBS has learned nothing from the past 5 years  :)

Permalink Reply by Abi on June 25, 2013 at 15:29

Exact same thing happened on my road, both since the start of the year. I'm seriously tempted to put my own pad on the market right now tbh!

Permalink Reply by John McMullan on June 25, 2013 at 16:19

And live where? Your money in the bank will have its value eroded by inflation, your flat will not.

0sn0mh4jwvz7aPermalink Reply by 0sn0mh4jwvz7a on June 28, 2013 at 8:28

As estate agents would have you believe - yes, and greatly.  We just bought a 2-bed garden flat on the ladder.  Were the first people through the door to see it and put the offer in before we'd got to the end of the street to the station!

Even then we had a couple of other offers to compete with although ultimately went for asking price which is what we offered.  Kind of felt we were lucky though....

Permalink Reply by Alan Stanton on June 28, 2013 at 9:09

Somewhere in a box I may still have an Islington estate agent's brochure from the 1970s. For one property It showed a single photo - the detail of the original ceiling moulding.

It was a time when frantic buyers scrambled to outbid one another. Including where I lived in what friends called my penthovel - the top floor of a narrow Victorian house with a leaky roof where the window frame in the toilet fell out one Christmas.

Permalink Reply by Rachel Davies on June 28, 2013 at 10:49

HI there,

I know that a ladder flat went for 10K over the asking price recently.....even though there was A LOT of work to do on it.....to be honest the ladder flats are really expensive now and i'm not sure why the garden properties are not as popular........having lived there, there is much less traffic, as the roads are not through roads, the ground is flat so there is less risk of subsidence and there is much less noise; In addition they are generally less expensive...although i'm not sure why!

 

Permalink Reply by linka on June 29, 2013 at 13:01

the gardens build quality is a bit more 'job lot' although the cumulative design is good (speaking as a resident)

Permalink Reply by Julie on July 16, 2013 at 22:11

The houses in the Gardens are slightly smaller, which may contribute to the cost difference.

David LeePermalink Reply by David Lee on July 11, 2013 at 10:43

I've just bought a 2 bed ground floor for just over asking. Lots of interest. Bid full asking an hour after viewing which is one the reasons i got it. Then was asked to up it slightly or it would go to sealed bids. But the increase was small enough to make it a no-brainer.

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