The Cheapest Flats For Sale In London In 2023
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- Опубліковано 3 сер 2023
- / wanderingturnip
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London's (not so) Cheap Flats!
I headed back to London but this time to look at flats. So I was down in the capital a few months back looking at cheap houses, and it turned out to be super interesting and one of my most commented on videos, I just knew I had to get back down and make another one.
I was looking for the cheapest flats that I could find in general, but also the cheapest in specific areas, such are very central, wealthy London
Looking at flats turned out to be even more interesting. The state of them was shocking, added into that the fact that they were all really small, one of which was literally just a room. But they also were leasehold flats, with the shortest being only 86 years. Imagine that, paying a quarter of a million pounds to only own it for that long.
The housing market is currently going through huge changes. Interest rates rising, mortgages doubling and rental properties becoming impossible to secure. This video ended up being a deep look into what is going on with housing in the united kingdom. From who owns the most amount, to the struggles of those with nothing, living on the streets.
#explore #invest #housing #london #property #housingcrisis #millionaire #rich #money #costoflivingcrisis
The sad thing is that I have lived here in UK now for 10 years. I am originally from Hungary btw. In these 10 years I have never been out of job, and managed to put aside a bit of money that after a while became enough to have deposit for mortgage. I am living in a shared house ever since I moved here. As a single person and having 35k annual salary, bank does not give me mortgage here in London with these hugely inflated house prices. System is rigged and it feels like you are living in a modern slavery where even though you work hard and long enough, but still not enough to buy your own place. I am thinking of moving out of London where I may be able to buy something for myself. They do not want you to own anything, but rent it so you will have to work to get enough money you can spend on renting. It looks and feels hopeless completely.
no joke, that £700k property has the same kitchen cupboards as my soviet lithuanian apartment from the 1960s
Moved to London from Hungary in 2008. It was shocking for me as I had to live with 5-10 different people in very poorly maintained house. I though London is going to be full of men wearing a tuxedos and a cylinders, instead what I saw was a lot of homeless people and junkies. On top of that I had to pay hundreds of pounds each month to share a room with 2 other people. I could not believe, that London was like that. It was like living in a third world country literally. Eventually I got my own room in house and that was alright for a while, until I got fed up with paying half my salary on rent and left England. It is insane that it is normal in the West to live your whole life renting. The pressure it puts on you is enormous and can hurt your mental health and wellbeing. Some massive changes need to be done in how housing is handled.
I live on a small farm in the middle of Missouri, USA, but I find it so fascinating to see how others, especially in different countries, live.
My grandparents bought a five bedroom detached house which stood on a half acre plot in London for £350 during WW2 when nobody wanted to live there. My parents inherited it and sold it for £36,000, having sold over half the back garden to a developer, in 1974. It is now on the market for over £6 million.
this video is brilliant, in an age where everyone online seems to be a multi millionaire and telling us we're just not working hard or smart enough, it was a breath of fresh air. You are a truly holding up a mirror to what a fucked up and selfish country we have become, keep up the good work
I live and work in London, actually work with luxury housing, so most apartments I manage are 2 million £ and higher. I rent in Kensington with my partner and our rent is 4300£ for a two bed apartment (quite large 1000 sq ft, renovated recently). Needless to say, If I wouldn't be quite succesful in my job and also quite lucky in some other ways in my life there isn't a chance of me living in this sort of housing. I used to work in 'regular' housing and It was very depressing. I would see people settle for horrible homes just because they had no choice and they wanted to be in London. Hell, I used to live in HMOs myself, just made it work. The upside with luxury is that my clients may be paying a ton for their housing but they can afford it, they are celebrities, high level professionals or daughters and sons of wealthy families. London has given up on regular people a long time ago that's simply a fact.
Excellent video and reviews. Cant believe that so many in Londoners live in such filthy conditions, shocking !
The housing situation is a disgrace. I'm shocked at how much people in London have to pay for a property in such a state. It's scandalous
I find it hard to believe properties in that condition would ever meet building inspection reports to complete sale at their asking price.
The London living situation is disgraceful… my first room in London was a shoebox where I had one broken cupboard and spent a year storing my things in boxes because I had no place to unpack them. Additional tenants included plenty of mice and the property was illegally rented to more people than it should’ve. My second flat was amazing at first, only to discover later that severe mould was just painted over and due to faulty plumbing the entire living room was unusable, with pieces of the ceiling crumbling and falling to the floor and new leaks appearing all the time, not to mention the electricity short circuiting all the time - you couldn’t run a washing machine and boil the kettle at the same time… I really lucked out with my current landlady, she lives outside the country and is renting out the flat she grew up in and it’s in fantastic condition, regular repairs and she’s the biggest sweetheart ever, but this is such a rarity in London…
As a junior doctor renting a one bed in Hackney with my boyfriend (who is also junior doctor), I pay 66% my income straight on rent, after paying student loan. We can't save up to afford a deposit to buy. We're going to have to leave london next year. We already live in a relatively cheap part of london but we're being priced out. I dont know what tue future holds but soon all doctors and nurses are going to have to move out of london, unless theyre getting financial help from family. How can you have a capital city without any healthcare staff in it? It's bonkers and depressing AF
Most of these places have mould problems. It's extremely hard get rid of it in a flat because of the other flats and because he mould is in the brickwork. People underestimate just how much it can affect your health.
Don't forget the impact on property availability because of AirBnb. It's absolutely mad. All those flats were unliveable. On top of the price, you'd have to invest another 60k-70k to make it liveable. Madness.
Totally feel it when you're disappointed in the lack of care people have when they throw something to market. Amazing how some people can put a place up for 700k straight faced while its still dirty. And its a flat too, not like it would take an age to give the place a basic clean!
Firstly - hats off to the presenter for I like his personality and he has a very good confident chatty style of communication - The London property market is insanely expensive - I moved to London in the mid 1980s and was extremely fortunate to find the job of my dreams in restoration of mainly listed buildings - Nearly four decades later I'm still in the same job - My timing was good for I able to afford my first home after five years of renting a room in a shared flat with a rent of only £30.00 per week - I guess I was one of those lucky baby boomer people - I do feel sorry sorry for the current younger generation for they have been priced out of the market - My politics are centre left so it would be great if London could develop a really radical affordable housing policy for workers on relatively low income - Also the shocking rise in homeless people is an issue that needs major help as we need more homeless shelters.
I see London is living up to its reputation that the streets are paved with mould. (not a typo)
Dublin Ireland has become flooded with foreign corporate investors. My friend we going to viewings to buy in a certain area and every open viewing kept seeing the same Asian lady so decided to ask her what’s up. She was sent from Chinese investor to buy as many properties at any price. There should be some government policy to stop this. People have started writing letters to the seller to persuade them to sell to a owner occupier and not an investor. It has worked for many so far.
The housing crisis is horrific in London. My landlord is taking the property back and increasing the rent. Absolutely unaffordable for my partner and i with 2 children. The rents are now at least £1000 more than we can afford even with help from the council. We will be homeless and in hotels, a hostels/b and bs. If we leave london we lose jobs. Its so difficult. I never envisaged this situation and its this way for thousands currently.
I live in one of the remotest parts East of the Mississippi River in the U.S. and echo the same opinion of how can these even be available for rent by local authorities?