$300,000 property

We always keep an eye out for property, I think everyone does that. In the course of discussions with friends, mm came across a new development in…Elephant and Castle. My memory of the area is a rundown roundabout. Of course it’s being gentrified, it’s in zone 1 so won’t escape the notice of developers.

251london 251london

The brochure is superpretty, of course, with unrealistic “indicative view” of the building and flats. The hint of Shard view, sunset and cafés. Yeah right. The cheapest are one-bedroom flats at over £600,000, nearer the £700,000 mark. Ugh.

300kdallas 300kgarage

On reddit: what does a $300,000 house look like where you are. That’s a paltry £200,000. And according to bb, it gets you a nice house in Dallas vs a garage in London. Not quite fair, comparing Dallas with London, and according to the foxtons listing, the garage has planning permission for a 2-bed house.

300kse15 300knw2

More realistic is the 1-bed flat in Peckham, which caught my eye because of the address: Bird in Bush Road, hehe. Around our neighbourhood, it’s mostly garages. The nearest is a studio in a converted house Willesden. These are almost always really small and horrible. We know better than to be deceived by estate agent pictures.

We know this already, London and the Southeast house prices are astronomical. How to be happy? Go live in the north. It’s hard to get out of the Londoner mindset though, we have a bit of ways to go.