Most expensive street by region

Goldstone1976 · Dec 23, 2016

http://www.bbc.co.uk/news/uk-england-38406995

The most expensive street in the East of England is Storey's Way in Cambridge, with an average property price of £1.9m. It's a rat run for commuters trying to avoid the ring road. The world's gone mad; mad, I tell you.

Dr. Notthenineo'clocknews · Dec 23, 2016

I grew up in Birdham Road, I couldn't see that on there

Lord Bracknell · Dec 23, 2016

Yes, but ... how many of these properties are actually lived in? The fashion is for Russian oligarchs, Chinese politicians and South East Asian gamblers to buy up expensive properties in London solely as real estate investments that will rise in value for ever. The occupants move out, of course, and these expensive areas become deserted wastelands. Further down the chain ... property prices in Brighton start spiralling out of control and folk find that they have to move out of town if they are ever going to be able to afford somewhere to live.

Fungus · Dec 23, 2016

Cah! How is Poole in the "South-West"? It's nearer to Dover than to Penzance!

mikeyjh · Dec 23, 2016

Lord Bracknell said:
Yes, but ... how many of these properties are actually lived in? The fashion is for Russian oligarchs, Chinese politicians and South East Asian gamblers to buy up expensive properties in London solely as real estate investments that will rise in value for ever. The occupants move out, of course, and these expensive areas become deserted wastelands. Further down the chain ... property prices in Brighton START spiralling out of control and folk find that they have to move out of town if they are ever going to be able to afford somewhere to live.

I think you have the wrong tense here, that horse has well and truly bolted....

clarkey · Dec 23, 2016

Goldstone1976 said:
http://www.bbc.co.uk/news/uk-england-38406995

The most expensive street in the East of England is Storey's Way in Cambridge, with an average property price of £1.9m. It's a rat run for commuters trying to avoid the ring road. The world's gone mad; mad, I tell you.

I briefly lived on Storey's Way :thumbsup:

Traffic wasn't too bad, with speed bumps all the way down it. There's a section of it where most of the houses must be £3m+, absolutely massive and about as close as you can get to living in Cambridge town centre.

Biscuit Barrel · Dec 23, 2016

Lord Bracknell said:
Yes, but ... how many of these properties are actually lived in? The fashion is for Russian oligarchs, Chinese politicians and South East Asian gamblers to buy up expensive properties in London solely as real estate investments that will rise in value for ever. The occupants move out, of course, and these expensive areas become deserted wastelands. Further down the chain ... property prices in Brighton start spiralling out of control and folk find that they have to move out of town if they are ever going to be able to afford somewhere to live.

I think the spiraling costs have more to do with successive governments not building enough new homes and allowing the population to grow to much due to uncontrolled immigration. The spiraling costs are down to supply and demand.

Goldstone1976 · Dec 23, 2016

clarkey said:
I briefly lived on Storey's Way

Traffic wasn't too bad, with speed bumps all the way down it. There's a section of it where most of the houses must be £3m+, absolutely massive and about as close as you can get to living in Cambridge town centre.

Chaucer Road. *nods*

Simster · Dec 23, 2016

Lord Bracknell said:
Yes, but ... how many of these properties are actually lived in? The fashion is for Russian oligarchs, Chinese politicians and South East Asian gamblers to buy up expensive properties in London solely as real estate investments that will rise in value for ever. The occupants move out, of course, and these expensive areas become deserted wastelands. Further down the chain ... property prices in Brighton start spiralling out of control and folk find that they have to move out of town if they are ever going to be able to afford somewhere to live.

It's not just in London. We have family friends who rebuilt their house in Cobham and put it on the market for £2.9m. One day, a Russian bloke with his wife rocked up at the front door, briefly looked around (ten mins) and offered to buy it there and then. IN CASH.

Friends called the police, who said these people weren't on any radar, then the bank who brought round an armoured car and various officials to have the transaction done there and then. :ohmy:

Anyway, those Russians didn't move in and now the house is just sitting there - no agent looking after it, the landscaped garden overgrowing with weeds. It's not a good situation at all.

Not Andy Naylor · Dec 23, 2016

Oxy McFloppie-Tish said:
Cah! How is Poole in the "South-West"? It's nearer to Dover than to Penzance!

Well, I spent quite a long time on Sunday trying to persuade some fellow journalists that Village People v Stains was not a South Coast derby but a West Country derby. Or at least a Wessex derby. It's all about the accents.

clarkey · Dec 23, 2016

Goldstone1976 said:
Chaucer Road. *nods*

Those properties are so big, with so many tennis courts and swimming pools, that there's only about 10 houses on it!

Goldstone1976 · Dec 23, 2016

clarkey said:
Those properties are so big, with so many tennis courts and swimming pools, that there's only about 10 houses on it!

My eldest daughter is doing a doctorate, and is living in one with four friends. She's a happy bunny.

Notters · Dec 23, 2016

Oxy McFloppie-Tish said:
Cah! How is Poole in the "South-West"? It's nearer to Dover than to Penzance!

https://en.wikipedia.org/wiki/Regions_of_England

Poyningsgull · Dec 23, 2016

Dr. Notthenineo'clocknews said:
I grew up in Birdham Road, I couldn't see that on there

Goodwood Way me. Posher than Birdham.

Tom Bombadil · Dec 23, 2016

Oxy McFloppie-Tish said:
Cah! How is Poole in the "South-West"? It's nearer to Dover than to Penzance!

But theres only one county between Dorset and Cornwall and three between Dorset and Kent. Also do you not count Gloucestershire, Somerset and Wiltshire either?

Bring back Bryan wade!! · Dec 23, 2016

Simster said:
It's not just in London. We have family friends who rebuilt their house in Cobham and put it on the market for £2.9m. One day, a Russian bloke with his wife rocked up at the front door, briefly looked around (ten mins) and offered to buy it there and then. IN CASH.

Friends called the police, who said these people weren't on any radar, then the bank who brought round an armoured car and various officials to have the transaction done there and then.

Anyway, those Russians didn't move in and now the house is just sitting there - no agent looking after it, the landscaped garden overgrowing with weeds. It's not a good situation at all.

There is no way the bank would have come around there and then. Think they may have been pulling your leg.

Simster · Dec 23, 2016

Bring back Bryan wade!! said:
There is no way the bank would have come around there and then. Think they may have been pulling your leg.

Nope, they definitely sold their house in that way. The bank did come round and sent an armoured car to pick up the cash. But my Dad (who first told me about this) had suggested that it all happened pretty much immediately, and based on what you're saying I suspect he might have embellished the finer points a bit.

Colossal Squid · Dec 23, 2016

Simster said:
It's not just in London. We have family friends who rebuilt their house in Cobham and put it on the market for £2.9m. One day, a Russian bloke with his wife rocked up at the front door, briefly looked around (ten mins) and offered to buy it there and then. IN CASH.

Friends called the police, who said these people weren't on any radar, then the bank who brought round an armoured car and various officials to have the transaction done there and then.

Anyway, those Russians didn't move in and now the house is just sitting there - no agent looking after it, the landscaped garden overgrowing with weeds. It's not a good situation at all.

Apart from for your friends, who now have £2.9m in cash to play with. I'd argue that's a pretty good situation to be in

AmexRuislip · Dec 23, 2016

Goldstone1976 said:
http://www.bbc.co.uk/news/uk-england-38406995

The most expensive street in the East of England is Storey's Way in Cambridge, with an average property price of £1.9m. It's a rat run for commuters trying to avoid the ring road. The world's gone mad; mad, I tell you.

It is a mad world, anywhere within M25 is up the r grabs at stupid prices, because people selling know that others will pay over the odds.

Thunder Bolt · Dec 23, 2016

Biscuit Barrel said:
I think the spiraling costs have more to do with successive governments not building enough new homes and allowing the population to grow to much due to uncontrolled immigration. The spiraling costs are down to supply and demand.

Different areas have different costs. My inlaw's house has risen about £20K in value in 12 years, whereas our house in Newhaven has risen £100K in that time.
There are more immigrants in the north of England than in the SE, so your theory doesn't hold much water.

Shortage of housing can depend on many factors. Family breakups, for example. After the war, there was a massive housing shortage due to bombing, but families stayed together. Youngsters didn't leave home until they met someone ready to get married, so were able to save up for a deposit, and bought a home together. There's no way in the 60s, single people could afford to buy a house on their own.

Prices in the SE are being forced up by people investing in property as it gives better returns than pensions.

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