'Table-sized flat' for £170,000

C_steam · 22-01-2007, 06:26 PM

Quote:

A flat roughly the size of a snooker table has gone on sale for £170,000 in London's upmarket Chelsea.

The former janitor's storeroom measures 11ft by 7ft and has a cupboard place for a shower and kitchenette area.

Potential buyers can expect to fork out an extra £30,000 to make the room habitable as there is no lighting and it is full of rubble.

Even the estate agent selling the property admitted the flat was "incredibly depressing".

"We have to go in with a torch because the lights do not work and it is full of rubble," Jason North, associate director at Lane Fox.

Nevertheless, the flat is expected to attract buyers due to its close proximity to the fashionable bars, shops and leisure facilities of Kensington and Chelsea.

In fact, the £170,000 price tag may make it one of the few affordable properties in what is London's and the UK's costliest borough.

According to research from property website Rightmove, released on Monday, the average asking price for a house in Kensington & Chelsea in January was £1,145,791.

http://news.bbc.co.uk/1/hi/business/6287375.stm

Besoeker · 22-01-2007, 10:37 PM

Crazy property prices.

mkpdavies · 23-01-2007, 09:24 AM

Battery farm Britain.

It's only going to get worse.

g hall · 23-01-2007, 09:29 AM

Down to this governments policies:
Tax private pensions,
restrict house builds,
allow mass immigration,
relax lending.

If bank rate goes up too much we're all in the sh*t

SGK · 23-01-2007, 09:46 AM

As much as all that is true, there is also a large portion of blame to attach to people themselves. This 'flat' is only worth 170 grand if someone buys it. In this case, it can't be a 'where else am I going to live?' situation, whereas if no one bothers then the value isn't what they claim it to be.

g hall · 23-01-2007, 11:18 AM

However if you have someone working in "Town" for 3 or 4 days a week and they're on reasonable money and live outside commuting distance then the price may be ok for their purposes and when you look at the bonuses some "city" workers get then they'd buy the whole building cash

Which goes to the ever growing gap between the haves and have nots and this under a LABOUR government :shock:
hence the well known version of the Red flag containing the line
"You can shove the red flag up your a**e"

Power to the people

Lazyguy · 23-01-2007, 01:02 PM

Maybe it's some sort of plot to destroy the Pound so we are forced to get the Euro?

Internationalist · 23-01-2007, 01:26 PM

I see that some companies are offering to sell rooms as both accommodation and investments in some of the top central London hotels from around £250,000, which would seem to me a much better deal for a business person:

- It would be a much more pleasant environment than the janitor's storeroom, especially if you need to meet people.
- You don't have to worry about utility bills, bed linen, etc. The hotel takes care of everything.
- It can be right in central London.
- You decide when you stay there and when you don't, but on the days you do not stay there it is let out at the hotel's normal rates so it potentially earns a modest income.

By comparison, it would have to be one heck of a janitor's storeroom to be worth £170,000 (plus an extra £30,000 to make it habitable).

23-01-2007, 09:24 AM	#3 (permalink)
mkpdavies Uber Member Join Date: Sep 2004 Location: Woking Posts: 32,059 Party: Libertarian Party	Battery farm Britain. It's only going to get worse. __________________ http://brits4ronpaul.blogspot.com/ http://wokinglibertarians.blogspot.com/ http://lpuk.org My ignore list Labour, Lib Dems

23-01-2007, 01:02 PM	#7 (permalink)
Lazyguy Senior Member Join Date: Nov 2006 Posts: 592	Maybe it's some sort of plot to destroy the Pound so we are forced to get the Euro? __________________ I STICK MY FINGERS IN MY EARS AND GO "LA LA LA LA LAA" WHEN THESE PEOPLE POST: PEOPLE WHO DON'T AGREE WITH ME PEOPLE I DON'T LIKE

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22-01-2007, 10:37 PM	#2 (permalink)
Besoeker Uber Member Join Date: Mar 2006 Posts: 5,116	Crazy property prices.

23-01-2007, 09:29 AM	#4 (permalink)
g hall Uber Member Join Date: Nov 2006 Location: erewhon Posts: 5,935	Down to this governments policies: Tax private pensions, restrict house builds, allow mass immigration, relax lending. If bank rate goes up too much we're all in the sh*t

23-01-2007, 09:46 AM	#5 (permalink)
SGK Senior Member Join Date: Jul 2005 Posts: 1,237	As much as all that is true, there is also a large portion of blame to attach to people themselves. This 'flat' is only worth 170 grand if someone buys it. In this case, it can't be a 'where else am I going to live?' situation, whereas if no one bothers then the value isn't what they claim it to be.

23-01-2007, 11:18 AM	#6 (permalink)
g hall Uber Member Join Date: Nov 2006 Location: erewhon Posts: 5,935	However if you have someone working in "Town" for 3 or 4 days a week and they're on reasonable money and live outside commuting distance then the price may be ok for their purposes and when you look at the bonuses some "city" workers get then they'd buy the whole building cash Which goes to the ever growing gap between the haves and have nots and this under a LABOUR government :shock: hence the well known version of the Red flag containing the line "You can shove the red flag up your a**e" Power to the people

23-01-2007, 01:26 PM	#8 (permalink)
Internationalist Moderator Join Date: Jul 2005 Posts: 1,235	I see that some companies are offering to sell rooms as both accommodation and investments in some of the top central London hotels from around £250,000, which would seem to me a much better deal for a business person: - It would be a much more pleasant environment than the janitor's storeroom, especially if you need to meet people. - You don't have to worry about utility bills, bed linen, etc. The hotel takes care of everything. - It can be right in central London. - You decide when you stay there and when you don't, but on the days you do not stay there it is let out at the hotel's normal rates so it potentially earns a modest income. By comparison, it would have to be one heck of a janitor's storeroom to be worth £170,000 (plus an extra £30,000 to make it habitable).