London Real Estate Browse

[Steve]

--- "Catlady (Rita Prince Winston)" <catlady at ...> wrote:
 
> Maybe a year ago, there was a little article on the
> BBC Website about a former stairwell being converted 
> into a London flat of 75 square feet. ... Here in Los
> Angeles, that much money will get you a detached
> house or a two or three bedroom flat.
> 

bboyminn:

For those who haven't taken the time to figure that out
it is 8.6 feet square. That is the size of a very small
bedroom.

As to the prices in Los Angeles, I suspect that depends
on whether the place is IN Los Angeles or just /near/ Los
Angeles. I've seen small cottages in LA that were a 
million dollars. I'm sure outside the city in some of the
more residential working class suburbs, you can get more
than a cottage for $1,000,000. Also, I'm under the 
impression that Los Angeles city real estate is very
volitile. If the market is hot, shacks are selling
for a million. If the market is cold, people are
losing their shirts on shacks they bought for a 
million dollars. I suspect London real estate is a
better investment.

> Catlady:
> Maybe a month ago, there was another article I can't 
> find in web search, about a 30 square foot former 
> 'janitor's closet' being offered for sale as a London
> flat. The buyer will have additional expenses to remove
> the trash currently filling it and install electricity,
> lighting, and plumbing; the seller's real estate agent 
> describes it as an 'incredibly depressing' space. 

bboyminn:

For the record, 30 Sq.Ft. is 5.5 feet by 5.5 feet. That is 
the size of a nice closet or a small bathroom. But again,
I think this was probably right in the heart of London;
prime real estate. You'd never get away with that in 
the suburbs. Keep in mind that most beds, and yes, most
people, are longer than 5.5 feet. 

You can't touch a decent flat in Fulham or Battersea
for less than US$600,000 and you would be hard pressed
to find a house for less than US$1,000,000.

Though it is none of my business, I would like the 
specification and price on the house the Dan Radcliffe's
parents live in. My impression is that Fulham is a 
desirable neighborhood, and it is very close to the 
main areas of London; within walking distance if you
are a strong walker and very near prime parklands. Also,
I suspect any land near the Thames River is considered 
prime real estate now. 

At the time I was doing this, the lottery was up to 
nearly $300,000,000. I could afford a vacation place 
in London with that cash, but it is down to about
$30,000,000 now and I don't think that is quite 
enough for such a luxury. Keep in mind you only get
to keep one third of the total, the rest (2/3) goes
to taxes. Of course, if you don't win, you don't get
to keep anything.

I wish I knew more about the various London 
neighborhoods. I could maybe find some better prices.
I did see one flat that had an exterior shot. Inside,
the place looked great, but outside, it was a very 
bland old building. But I suspect people in London
relate to old buildings differently than someone
like myself from the USA. They probably look at it
and think it has character.

Steve/bboyminn