Owning your own home

I think the Daily Mail revisited old sitcom addresses to see what they're worth now. iirc the winners were Steptoe & Son with a house plus yard in Shepherds Bush.

Now that's a scaffold!

That’s a big Velux light

Lol

How much of a pain is a leasehold property? All ready to offer on a house we were blown away by only to spy its leasehold at the last minute! Looks like 86 years left on it as it was a 99 year lease in 2008.

How much of a pain is a leasehold property? All ready to offer on a house

Nobody wants a leasehold house if they can avoid it.

That lease - it’s short - will cost you money.

There might be all sorts of bullshit conditions and restrictions associated with it that you’ll only find out when you are balls deep.

Freehold houses can have conditions and whatnot but leasehold is a worse position to start from.

That said if you can get to the bottom of it and force the current owner in to starting the process of a lease extension before you buy it might not be a terrible decion to pursue it, depending on what else is available at your budget.

Ta! Doesn't sound ideal.

I've got the land registry docs but don't entirely understand what I'm looking at. From what I can tell though the land is owned by the Church of England Pensions Board, then someone paid 130K in 2008, which if I'm reading right was the 99 year extension.

Sounds less and less ideal.

Be careful of CofE property. There may be chancel fees that you will be obligated to pay for upkeep of the local churches.

Once you read a lease you realise it’s like paying the rent up front. If it’s not a flat I would avoid it.

How much of a pain is a leasehold property?

Depends on the terms of the lease. In any event you'll want to extend the lease before it gets below 80 years, so that'll be an additional expense coming up fairly soon.

Be careful of CofE property. There may be chancel fees that you will be obligated to pay for upkeep of the local churches.

Can also be true for non CoE property.

Slightly different situation here but we're in the process of buying a leasehold house with 800+ years left and at the same time purchasing the freehold and it does add complexity and some costs

Yes. But if the church hold the freehold they are more likely to have registered their own properties as liable when the law changed in 2013.

That's true. Still, at least you'd know...

Yeah need more deets.

Insurance is about 35 quid as a one off for life. We have said insurance.

Lol

https://www.rightmove.co.uk/properties/106388963#/

Unique opportunity to acquire a spacious, light, airy studio apartment in a desirable location etc.

Disappointed by the lack of fisheye lens pics of the interior.

@Fox @chrisbmx116 I see the dirty dancing secret cinema got cancelled ?

Our street WhatsApp group is so happy :)

I think they'll try again next year but I will be mobilising the other half (very experienced professional campaigner) to professionalise the operation because it's more luck than judgement. People don't realise that petitions don't do anything, especially if you keep making new ones to spread the signatures out...

Whats this war? Pls fill me in, sounds spicy.

Good to hear (no noise).

New front door, custom stained glass, hardware, frame, window, fitting, tidying for internal paint - £6.7k + VAT in London

Have I become completely numb to this nonsense , or is that reasonable?

That's what it costs. It's absolutely obscene.

If you ditch the stained glass it'll be £000's cheaper.

Thought as much. Thanks.