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[Sixstring]

Its well known i sponge off mother & father tunnie by living at home, but thats about to change. Just had my offer accepted on a flat in Acton, London (W3) Manged to get it for 15k under asking price too 

Its next to Acton Town rail, so when cross rail is completed should help properly prices!

Its in a 1930's building, with some art deco features, also has very good sized rooms and brick walls so no noise from others, unlike modern builds, its a corner flat with some stunning views over whole of London, can see Wembley arch right around to London Eye   

The best bit? Its freehold! I am one in 22 flats with a share off the free hold. (around 60 in the whole block) so i am on the board for how maintenance  fee is spent

I used to live in Acton. Davis Road I think it was called.

This is on Horn Lane

Well, Young Un, if you get the horn when you move in, call me and I come round and sort it for you, chargeable of course.
hehehehehe
 

I think £15 is the going rate..........................LOL!!!

[Field Marshal Dr. Opti]

It is always good to have your own place Mr Tunnie. Our first house....a two bed terrace with a garage cost £41,000 in 1990.....a lotus Carlton was £48,000 at the time. Owning a property in London.... should ensure  that a young stud about town.... such as yourself... will have an endless supply of  moist young totty to  bring back and bone senseless. Good luck.....    

[tunnie]

It is always good to have your own place Mr Tunnie. Our first house....a two bed terrace with a garage cost £41,000 in 1990.....a lotus Carlton was £48,000 at the time. Owning a property in London.... should ensure  that a young stud about town.... such as yourself... will have an endless supply of  moist young totty to  bring back and bone senseless. Good luck.....    

Thought never cross my mind   

[Andy B]

.... Our first house....a two bed terrace with a garage cost £41,000 in 1990.....a lotus Carlton was £48,000 at the time.  ....

It just shows how property prices spiralled at the time. We paid £25 000 for a 3 bed semi in 1988, we  m oved in weeks before my lad as born & he was 22 a week ago. Then interest rates did the same, 15% IIRC a few years later.

[Field Marshal Dr. Opti]

.... Our first house....a two bed terrace with a garage cost £41,000 in 1990.....a lotus Carlton was £48,000 at the time.  ....

It just shows how property prices spiralled at the time. We paid £25 000 for a 3 bed semi in 1988, we  m oved in weeks before my lad as born & he was 22 a week ago. Then interest rates did the same, 15% IIRC a few years later.

...yep ....dead right Andy. For the first year we actually paid 16.5%.....an extra 1.5% .....as we had a 100% mortgage....

[tunnie]

my flat is in Band B for council tax, which lists it sold for £40-50k back in 1991 

[Andy B]

my flat is in Band B for council tax, which lists it sold for £40-50k back in 1991 

and then a few years further up  the road you'll wonder what the problem was paying such a small mortgage. 20 yrs before we bought our first house, my parents paid around £2000 for their 3 bed semi  :-?  :-?  :-?

[tunnie]

my flat is in Band B for council tax, which lists it sold for £40-50k back in 1991 

and then a few years further up  the road you'll wonder what the problem was paying such a small mortgage. 20 yrs before we bought our first house, my parents paid around £2000 for their 3 bed semi  :-?  :-?  :-?

I know, house that was worth £1,700 when my grandparents bought is now worth nearly half a million 

Feel good about this flat, with Crossrail and London prices, it hopefully should be a good investment.

[Field Marshal Dr. Opti]

For many years .......from the thirties through to the seventies ....the average house (two or three bed semi ....or terrace) was roughly twice the average mans annual wage.  For example....my Father in law paid £5000 for a new three bed semi in 1971.....he was paid £2500 each year at the time.
The average house today is six to nine times the average wage .......which is why so many people have trouble getting on the property ladder.

[Kevin Wood]

Feel good about this flat, with Crossrail and London prices, it hopefully should be a good investment.

Try not to set your heart on it yet, though. Until you've got the keys in your hand all sorts of things can go wrong. Although, as a first time buyer, you should have a relatively easy ride, it pays not to get too attached to a property at this stage, IMHO.

Kevin

[Mr Skrunts]

Feel good about this flat, with Crossrail and London prices, it hopefully should be a good investment.

Try not to set your heart on it yet, though. Until you've got the keys in your hand all sorts of things can go wrong. Although, as a first time buyer, you should have a relatively easy ride, it pays not to get too attached to a property at this stage, IMHO.

Kevin

Very true.

A friend of a friend was buying a house in the Barsley area, but there seemed something fishy about extra land added to the house, solicirors , surveyors all doing thier jobs as they should, but the guy selling was pushing for early completion as he had his eye on a place he could not afford to miss.

Any way, on the surface all seemed to be going according to plan (or so it seemed) any way this buyer being a shrewd business man suspected something was wrong.  So arrangements were made for the seller to do all is signing to buy and sell.  then this mate of a mate went to sign for his new property only to find he was right, he wasnt buying any extra land, he was taking over the lease on it, which the seller had somehow found a way of keeping quiet.

Result was he just turned his back and walked away.

[Lazydocker]

Good news Tunnie... Property is a sound investment and you are buying at (roughly) the right time. Prices will go back up again, even if they have another dip first

[Mr Skrunts]

What floor have you ended up on Tunnie, am guessing high up if you have good views of the area.

[Mr Skrunts]

Good news Tunnie... Property is a sound investment and you are buying at (roughly) the right time. Prices will go back up again, even if they have another dip first

Cant go wrong with property, it's just a gamble the right time to buy it.

Allthough he wasnt reay fo buy, how much would the same flat have been 3, 5 and say 7 years ago.

Either way, if and when he moves back out of london imagine what a place he could end up with if he has paid for the flat when he does. 

[tunnie]

Thanks all, to answer a few questions:

its 5th out 6 floors, and views are just stunning! So high up enough to get everyone else heat from the block.

Understand its tad early to get heart set on it, however the first sale fell through at last minute due buyer related issues so he had to pull out, talking at the last second! Its been on market since January, and lady has had a baby and they already have their next property, so no chain. Its off the market and i got it for less than the previous selling price, its very unlikey she will pull out, same with us, been approved for mortgage at amount i need. Next major thing is what the Mortgage valuer puts on it