eastdulwichproperty

Hi Yes, I'm afraid it is at the moment, I should have got this taken to the scrap yard so partly my fault

Unfortunately that is all I could understand from my Polish builder, he disturbed them when he arrived but sadly his English is lacking. I will try to get some more detail via Google translate in the morning

Please be alert to 2 men in a van, this morning at 7am they broke into our back garden and stole a large amount of lead and copper. If anyone saw them on Underhill Road near the junction of Melford Road and have a description that would be amazing. For all metal thieves out there - anything of value has now been taken so please don't bother coming back. Everyone please take care and lock up anything of value even if it is the back garden.

I hear it is almost impossible to get planning permission for a balcony in East Dulwich. We'd like to put in some bi-fold doors opening outwards on the raised ground floor, a Juliet balcony doesn't work since doors opening inwards would just get in the way. We had an existing 'platform' at the top of some steps which has now been demolished, this is about the same area as we would need for a strip balcony (about 2.4m by 0.8m). Perhaps we could argue we are just putting back what was there before albeit in a slightly different form? Are there any planning experts out there that would be hopeful of getting this through? We would obviously pay a fee for the service. Cheers

alice Wrote: ------------------------------------------------------- > For sale prices have dropped > selling prices havent Time will tell when the land registry prices come out in 4 to 6 months but from what I am seeing the actual sale prices have come down, it is estate agents that will always say they haven't. Previously houses put on at silly prices were getting offers of silly prices plus more, now stuff is coming on a bit more realistic and getting offers under asking, it all equates to actual sale prices massively reduced from march/april at the height of the madness

Yes, I have a valuation from hsbc for my house in 2007 at 400k and then 3 years later for various reasons I needed to remortgage, the same bank valued it at 300k, certainly dropped at least 20% in 3 years.Now of course irrelevent since it is worth 600k but in the short term prices can easily go down a fair bit even in good areas where estate agents lie and say it can't happen here...only in 'up and coming areas'

Louisa Wrote: ------------------------------------------------------- > Surely the aesthetics of a property are not the > underlying key factor here. I would suggest that > land is the main cause for these astronomical > rises. Good location, close to the centre of a > booming city where housing or land with permission > to build at least, is at a premium, therefore > encouraging foreign investment into an already > competitive market. Anyone who thinks prices > long-term will fall is hugely mistaken. The facts > as stated are that land for building is scarce > thus hyper inflating the prices of existing > property for sale in a city where demand far > outstrips supply. In the words of Yazz, "The only > way is up". > > Louisa. That is what they thought in japan in the late eighties and look what happened there. Changes to tax on foreign owners and the possibility of a mansion tax may well make a big difference. A big part of the problem is that people are buying houses as investments rather than places to live, speculative investment has pushed up the prices, this could be potentialy be their downfall as well

NewDad Wrote: ------------------------------------------------------- > The monthly readings are a bit misleading, as the > month to month swings are usually volatile. > > The long term trends continue upwards as per the > following articles: > > http://www.telegraph.co.uk/finance/economics/10955 > 673/Halifax-UK-house-prices-show-little-sign-of-sl > owing-down.html > > http://www.telegraph.co.uk/finance/personalfinance > /houseprices/10955074/UK-house-prices-to-jump-35pc > -in-six-years.html > > London house prices have no reason to "crash" for > some time, and anyone holding out for such event > is a little misguided. There remains a massive > demand/supply imbalance, interest rates are likely > to remain stable (and predictable) for a while, > and employment rates (and confidence) are > improving. > > Slower growth is still decent growth relative to > the past 12 months. NewDad I'd disagree, I was one of those people out there who earlier in the year was panicked into looking at things at silly prices. Whereas back then I was prepared to pay ?1.2m for a 4 bed average house I have now realised that at that level things are now around the ?1m mark in terms of offers accepted. Those 20-30 groups of people who were fighting for space to get a look in have all disappeared. These are not just my observations/comments, even estate agents are encouraging offers of ?1m and less on stuff on at ?1.2m. Article below gives a good summary http://www.thisismoney.co.uk/money/mortgageshome/article-2687161/More-buyer-caution-house-prices-country-start-cool.html

ed_pete Wrote: ------------------------------------------------------- > KFH don't look like they've reduced this one @?2M > > http://www.kfh.co.uk/residential-properties/houses > -for-sale-london/houses-in-east-dulwich-se22-elsie > -road/2102561/ This is truely the most ridiculous valuation in SE22, overvalued by at least 30%. Of course the market will decide, but I doubt they'll get any serious viewings. Good luck to them for trying it though, if it doesn't sell then whoever did the valuation is going to end up looking a bit silly.

Houses are a market like any other investment and largely based on sentiment and confidence, once the press start reporting negative news on house prices this will snowball and the cycle downwards will be self fulfilling. Unfotunately there are so many people with a vested interest in prices staying high/rising it appears the press are reluctant to publish anything but good news on house prices, you have to seek very hard to pick out the negative articles

Is it worth ?950k? needs about ?250k-?300k spending on it. By the looks of things may be lucky to achieve that

Good point Jeremy, anyone looking to sell shouldn't just go for the agent that says they will market for the highest figure, some agents are more realistic than others and I'd certainly choose to deal with the sensible ones. Once a property has sat around for a while buyers instinctively think that there might be something wrong with it.

At long last things appear to be getting more sensible. KFH put this house on Zenoria Street for sale at ?1.25m in June, reduced by ?100k in late June and now further reduced by another ?100k to ?1.05m, a huge 16% off. Anyone looking for a house I'd suggest waiting 6 months if you can, the falls are likely to continue, just yesterday RICS reported that surveyors in London are expecting house prices to fall in the next 3 months. If you are interested in a house a top tip is to look at it on Zoopla, this shows the history of when it was listed together with any prices reductions. Thankfully the days of people offering over asking prices have ended and those mad open house days are a lot less frequent. See attachment