The Large One
Who's Next?
Pratt.
Well... your knees are f***ed.
Pratt.
What's the one that's closed - the one at the bottom of the hill?
Pratt.
At the bottom of the hill there are just houses, some fairly new, on the site of the old brewery, one corner of which still remains and is now a community centre. Round the corner is the Freebutt, but that's not closed either.
Did you actually read my post? I wasn't guessing how much something was worth, I was saying what actually happened. And to me, if you can sell a tiny house in a pretty grotty area and buy a large house in a pretty nice area for more than £50,000 cheaper, then you're getting a pretty good deal.
I'm aware that I'm talking more than three years ago but I've just done a quick search on Rightmove: two bed houses in Tooting go for about £270k to £300k, four bed houses near me go for about £230k to £250k so the differerential is still there.
And according to the Land Registry website, the average property price in London is £358k, while in Brighton it's £271K so my experience is pretty much in line with average.
Did you actually read my post? I wasn't guessing how much something was worth, I was saying what actually happened. And to me, if you can sell a tiny house in a pretty grotty area and buy a large house in a pretty nice area for more than £50,000 cheaper, then you're getting a pretty good deal.
I'm aware that I'm talking more than three years ago but I've just done a quick search on Rightmove: two bed houses in Tooting go for about £270k to £300k, four bed houses near me go for about £230k to £250k so the differerential is still there.
And according to the Land Registry website, the average property price in London is £358k, while in Brighton it's £271K so my experience is pretty much in line with average.
Tooting is ( relatively) expensive compared to other London boroughs though.
Its a part of the Stockwell/Clapham/Balham Northern Line axis.
If you did the same Rightmove exercise on more Outer London boroughs not on the Underground (like Croydon, Sutton or Bexley), you would find Brighton prices are on par, or even more expensive in many cases.
Tooting is ( relatively) expensive compared to other London boroughs though.
Its a part of the Stockwell/Clapham/Balham Northern Line axis.
If you did the same Rightmove exercise on more Outer London boroughs not on the Underground (like Croydon, Sutton or Bexley), you would find Brighton prices are on par, or even more expensive in many cases.
The other end however is rather nice and you can enjoy the lovely Greys as a local
Yes, of course, there are places in Brighton that are more expensive than London. If you were moving from a one-bed flat above a crack den in Peckham to a five-bed house in Withdean, then you can expect to pay a lot more but if you compare like-to-like then Brighton is much cheaper. As I said, I was shocked by how much more you got for your money in Brighton - even with a £260 season ticket, I'm paying a smaller mortgage for a much bigger house.
Yes, prices in Croydon are on par with prices in Brighton but it's scarcely London, it's 15 on the train. So, it would be like comparing prices with Worthing - and that's a lot cheaper again.
You did very nicely out of it and I'm VERY jealous. My two-bed terrace is worth pretty much HALF that London average, despite being a lovely home. I'm on Rightmove all the time (although I've not looked up Brighton on there for a few months now), and if you transplanted my gaff to a nice part of Brighton, you'd have to shell out a load more cash for it.
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Actually, one-bed flats above Peckham crack-dens are very sought after these days
Seriously, though, even Worthing's more expensive than Woolwich, where I am, in the London Borough of Greenwich! Like for like, Brighton is more expensive than quite a few parts of London - I know, cos I've looked and it's bloody frustrating!
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Aren't you feeling the benefit of the Olympics yet, ELS?
I don't know what part of East London you're in, but your flat is worth £185k, my guess is that it's not a good one.
But the point that I'm making is that if you're moving from a not-so-nice part of town to a "nice part of Brighton" you're not comparing like-with-like.
To go back to the original post: I moved back here to bring up kids and moved to Coldean because you got a lot for your money and it's a nice area - no crime, lovely views, very quiet. I imagine that a lot of younger people wouldn't really want to go for this and would want Hanover or North Laine or somewhere (which is expensive) but what I'm trying to say is that Brighton isn't all about expensive areas - if you look around, there are plenty of cheaper places.
Just seen where you live.
Funnily enough, I was in Greenwich last week and couldn't believe how expensive things were. I saw a one-bed flat for £500k and this in area not served by the tube.
I actually texted my missus about it as it was gob-smacking.
It's a strange old borough, Greenwich. Million pound flats one minute, then a couple of miles down the road, £180K terraced houses.
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