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from Cathy (cathyvpreece@aol.com)
What £183,000 buys you in London

by Wayne Veysey, Richard Allen And Mira Bar-hillel They are the £183,000 properties. According to the latest survey the average price of a London home is now £183,262 - 16.2 per cent higher than a year ago. But the diversity of prices across the capital means that can buy you anything from a tiny studio flat to a three-bedroom house. Period features, modernised kitchens and south-facing windows are the kind of factors that can help make a one-bed flat as valuable as a Thirties semi with garden. But location is the biggest attraction and if you want an 0207 phone number and the Tube around the corner you will be pushed to find a property with room for more than a double bed and small dining table. Jeremy Leaf, London spokesman for the Royal Institution of Chartered Surveyors, said: "The diversity of properties available at the average London price confirms the old estate agents' adage that house prices are based on location, location and location. "The better, more central and more desirable the location, the less your money will buy in terms of space, quality and amenities. Established areas tend to retain value, recent hotspots may cool faster if the markets slows. We often see the 'last in, first out' syndrome when the market changes." David Thompson of the Halifax said activity has picked up in upandcoming areas such as Battersea, Kennington, east London and Croydon. This is what you can buy for £183,000 today: •In Shepherd's Bush, a one-bedroom, ground floor Victorian maisonette for £182,500. The area has a wealth of pubs, bars and clubs, live music venue the Shepherd's Bush Empire, and a popular market. Agents Fletcher Estates describe the property in Stowe Road as "immaculately decorated". It is a short walk from Goldhawk Road Tube, in a quiet residential road. It features reception room with fireplace, modern fitted kitchen and bathroom, and built-in wardrobes in the double bedroom. •In Camberwell, despite south-east London's reputation as a more affordable-area, a one-bedroom flat costing £182,500 - albeit in a listed Victorian monastery. Agents Oliver Burn describe St Gabriels Manor as a "stunning" modern flat with a fitted kitchen. There are views of Big Ben and the London Eye, a communal roof terrace and a designated parking space. Nearest stations are Oval, Brixton and Loughborough Junction. The City and West End are just a few stops away. •A three-bedroom maisonette in Finchley, north London, for £183,000. Agent Jeremy Leaf says it is ideal for those wishing to escape exorbitant property prices in central London. In a quiet residential area, near Woodside Park Tube and North Finchley's shops, it features gas central heating, double glazing, and a shared garden. • A one-bedroom semi-detached house with garden in Wapping for £182,500 - within walking distance of Tower Bridge. Part of a new private housing estate surrounded by canals, it is a five-minute walk from Wapping station on the East London line. Agents London Real Estate describe it as "modern" and in a "sought after development". It features double bedroom, conservatory, power shower, gas central heating, built-in wardrobes, loft space, and allocated parking. •In the quiet south London suburb of Morden Park, a Thirties endofterrace three-bedroom house at £182,950. This might not be for long - house prices have steadily risen along the Northern line since Clapham became fashionable. A spokesman for Townends estate agents said: "Everything round there has been shooting up over the past couple of months." The house in Lynmouth Road has two double bedrooms, fitted kitchen, double glazing, a 40ft garden and a garage. Morden Tube station is a bus ride away. © Associated Newspapers Ltd., 11 April 2002

(posted 8022 days ago)

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