Just how much is a house in London?

[almostwitty]

I realise that alongside transport discussion, talking about house prices in London is one of the dreariest middle-class things one could possibly do in London, but since we’re looking for some kind of dwelling that has more than one bedroom to accomodate a screaming child, I’ve been taking more than a mild interest in property prices.

So when I noticed a “For Sale” sign besides a derelict building on the same main road as work, it perked my interest. Sure, the house was huge but on the minus side, it was on a busy road opposite a shopping centre and car park, in a fairly dodgy area of West London and in an era of falling house prices. It can’t be that expensive, surely?

Nope. To buy a derelict house that requires extensive renovation, on a busy but dodgy and certainly unglamorous part of West London, would set you back the not-inconsiderable price of £785,000. Sheesh.

So the long search for a 2-bedroom flat in an area with a nice school within an hours’ commute of Shepherds Bush continues…

Mirrored from almost witty.

Comments

[nicnac.livejournal.com]

So borrow 850k from some kind soul, buy it and renovate it into flats, keep the ground floor flat for yourselves, flog the other two and cover the cost of yours. Simples ;)

PS No, I don't have 850k to lend...