The Cheapest Flats For Sale In London In 2024 

You did the lease extension wrong you needed to put the value after the lease extension takes place which would be like 800k or something, would cost much much more to extend..

London is insane. 602 grand for that awful rotting shell? Madness.

What a crazy country we are. Leasehold is despicable.

The reason they leave them dirty for auction is because young inexperienced couples looking for a dooer upper will just think they only have to get a sponge out and they'll make a million. It hides the real problems and they bid higher

600k for that house, insane. That can buy a beautiful home anywhere else.

I was born and raised in a council 2 bed flat 1978-2004 in Clapham Common (just down the road from Streatham). My mum was able to buy her flat in the 90s for £85k, and did what she could on a single parent income to tidy the flat up. She then sold it in 2004 £200k, we moved out of London to South Yorkshire where quality of life is so much better. I've since checked the value of the flat now, it's over £500k! Bonkers, for a 2 bed ex council flat!

Leasehold: the biggest scam in property "ownership." Thanks for reminding me why I left London. 🥳

After seeing the condition of that flat with a view, I would be worried about the structural integrity of that entire building...

The problem with owning a flat in a building of flats is that you have to pay monthly property fees. So you are effectively paying rent, even though you have to pay for the flat.

I was born and raised in London and pop back once a year, so I'm aware that property prices are eye-wateringly high but I now live in Indonesia where we bought a house last year on the island of Java. It has spectacular views out over rice fields with a (dormant) volcano in the distance yet is just five minutes drive from the city centre. It was renovated recently with new flooring throughout, 2.5 new bathrooms, new kitchen, new lighting, painted internally and externally, some added stonework and a new driveway. Total cost including renovations £75k! 😊

@9:00 That fly was so glad you opened the door.

I was just thinking about your channel today! £602,000, for that!! I'd be able to buy a five bedroom house, with acres of land here in North Yorkshire. And to be honest, I'd choose the North anyday over London. Great video, always look forward to them.😊

In 75 years they have completely ruined the quality of life of people that are from this country. £260,000 for the bottom half of the home? For that you should be able to walk in and live in it but no you’ve got to spend 100 K on it to make it livable-£400,000 for the bottom half of the house in Streatham? I’m just disgusted by it

Surprised the fake houses aren’t on the market knowing what London’s real estate is like

You got that slightly wrong about the fake houses. They were not demolished just to build the line. They were left like that because the first underground trains were steam and so it was to allow smoke to escape.

Chaucer Court is a social housing block, The same design was used all over the UK, and the blocks are really well built, Used to live in an identical block next to Wythenshawe Park Manchester. The biggest mistake this country ever made was allowing people to buy their Council/Housing Association property. This isn't allowed in other European countries, I have friends in Belgium-Denmark-Netherlands-Germany in the Housing Association Properties The first thing you are told when you sign the tenancy is "You will not be allowed to buy your property."

Wow the leasehold system sounds like a pain in the ass to me.

I live in sunny barrow in furness. My mortgate is £138 a month. I considered moving to london to seek a career back in 2001. Glad i didnt

You would probably find that the gaffs you looked at were when people died intestate and there was no family hanging round to cash in, it ends up in the hands of the state and they let it rot, if the state decided that all intestate property was appraised and renovated and let out to vital workers in expensive areas it might go a tiny way to solving our housing problem, every city has hundreds of them. Btw - keep up the great work, always enjoy your passion and enthusiasm, there is real value in the work you are doing, good luck to you.

I sold my 3 bed semi in London (2002) and moved to South Wales. I bought a 4 bed, detached house outright. I was 32 years old and had paid off my mortgage.

Small suggestion: when you do the videos inside the flat, put the floor plan on the screen and highlight the room? Just a little square in the corner, it would be kinda cool. Good vid.

The sand on the floor could be from old and decaying carpet underlay. it breaks down and leaves a powder.

I lived in a flat not much better than these once. The previous tenant had bought a tent in, and lived in that. He cooked campfire style in the fireplace. Indoor tent living has a lot going for it. As for disguise, try a clerical collar!

It is crazy, i moved from London to Manchester back in the early 90's, the mortgage i pay now in 2024 in Manchester is half of what my last rent was in London in 1992. Not sure how people manage to survive there on an average wage.

Theres a mistake at 16:40 - 215,000 is what the buyer paid, but you actually need to enter the value of the flat after a lease extension (Probably 450k-500k) The price to extend the lease looks to be at least 300,000 pounds!

I live around the corner from the first flat in Streatham. Once that flat is renovated, it could sell for more than £500k. I also lived not far from the house in Tooting. Houses in that street can sell for close to a million. Some of the larger houses have sold for 1.2 million.

Thanks for highlighting the issues of leasehold. One thing to note is that flat with a 9 year lease would actually cost even more than that to extend. The calculator asks for the property valuation based on if it had a long lease not the current short lease valuation. It's a painful process I'm currently going through with 80 years left expecting to pay between £10-£14k to extend

Turnip is a wandering star! ⭐ It's pure magic! Look forward to this!

The slanted house in Tooting probably went for so much, despite being in such a state, because it's a 10 minute walk to the railway, 20 minute walk to the underground, extremely close to two very popular primary schools, as well as a highly rated high school with a sixth form. Parents have been known to spend hard to move into that area.

Under the new Government Building Safety Act, all high rise buildings have to have a safety certificate 'ESW1" otherwise mortgage lenders will not lend on Leasehold properties, cash buyers are wary of the huge costs that could be added to Service Charges for these properties to meet the required certified safety standards. This has created a slump in sales of Leasehold properties, which would also apply to London. This is significant & worth mentioning on your property tours.

That flat that sold at auction for £195,000 had potential. The slanting house had a nice backyard.

People really need their heads examining paying those sorts of prices. London is a piss take, you buy a beautiful villa in Spain for the same price as some of those shit holes. Why? I dont get it....

It says something about the state of London when I was surprised that the one in Highbury & Islington went for "only" £195k.

8:54 If you hadn't opened the fridge it might have fetched an extra £10K 😂

Never buy a flat in a high rise ex council block. They may look attractive at price point but you will end up with an expensive nightmare. It’s also hard to get a loan as banks won’t lend above 5 stories. At least that’s what it used to be. I am a housing association tenant and the 1960’s high rise has had to upgrade services to the building. Leaseholders are hit with massive costs and when the work is classed essential you have no choice.

I can’t imagine the leasehold problem plus the amount of having to replace all the damage on the property

I've missed these kind of videos. So interesting to see inside some old houses and flats. There is very much to do, but I think they would look amazing afterwards. The prices are something else.

Imagine living in the flat above that first one, I'd not sleep for fear of waking up (or not) in the basement of the ground floor.

Like the way you gave presentations of all these house properties. Great job.😊

My husband and I were working 60 hrs per week,we couldn't afford to buy and we were struggling with high rents,near Brighton,so we moved to Carlise,we knew on one,we didn't know Carlise but we managed to buy a house for 80g were so happy,its easy going up here,most folk are lovely and we now only work 18 hrs per week each.No brained,why are people obsessed with the South and killing themselves to buy over expensive houses.

My aunt lived in Walthamstow and lived in the bottom half of a Warner home so I believe it's called. It had a 125 year old lease and she had to extend the lease which cost close to £30k. I myself bought a leasehold flat but it had 999 years on it which is better. Currently trying to complete a sale of it and it is one of the worst experiences of my life. The whole leasehold system in England and Wales is rotten to the core and needs to be either abolished or heavily reformed. If you are a landlord leasehold is more palatable but if you are the owner occupier it can potentially be a shit experience. Thankfully I am not in London where you are ripped off without mercy.

Always a good day when Wandering Turnip uploads a new video, and back in disguise!

Thank you for sharing. So very interesting those London properties. Love all the areas you have been to in the past. Keep up the excellent work 👍🏻

Really enjoyed this!

With leasehold flats, as well as service changes, and ground rent, there is a shared cost for repairs. Freeholders can change you if you want to remodel the space, check the lease. If the entrance and outside are damaged you are relying on the freeholder to do the work (and of course pass on the costs), many don't, often you can't even find them!! The house to underpin, find where the damp is coming from, take back to brick, and refit, that is going to cost a lot. I hope the owners have the funds to do this, and still increase the value. Great vlog, and love the disguise. If anyone asks you for building advice, you just say "oooh, this will cost you" 😆😆

I love your videos mate. You're doing good work. Keep it up

I can tell you for certain that here in Manchester property prices did not drop…..

I recently sold my maisonette in Plymouth, the lease was low so I had to increase it to 999 years. The robbing leaseholders charged me £15,000 pounds to renew the lease. That was half of the equity I made on the sale. When I purchased the property, NO ONE explained the trap of being a leasehold property. Throughout the time I lived in the property, they did nothing, I repainted the front and back of the house (I had the ground and middle floors another guy had the top floor - we shared the cost) we had the roof fixed etc at our cost - using a contract tor we chose - because if the leaseholder does it they employ a contractor and YOU still have to pay the contractor and they always go for the expensive ones) My advice always go for the longest leasehold possible because the leaseholders will rob you one way or another.

The house is in the catchment of one of the best secondary schools 😉

David, all I can say is, _"aren't fake houses BRILLIANT!"_ 😉 As was this whole fascinating episode 👏 🙋🏻‍♀️

Great video. Love stuff about London. My youngest lives there.

Love these london videos keep up the great work😊

Another fantastic video David. Your enthusiasm is brilliant. Thank you for showing us such unbelievable prices. How do people survive in London? Very interesting to see the fake houses too I’ve never heard of them. Love your disguise it’s brilliant you made me laugh. All the best mate 👍

602 000 for a house that's falling down...day light robbery!

Love these london series you do

Excellent video as always.Cheers mate.

For anyone interested, please be aware that for any lease extension you'll have to pay your legal fees as well as those of the seller and there are additional costs. I bet they agreed a price for the extension prior as a package or its just too risky as the seller is only under obligation once to extend by law.

Very interesting real estate scene in London. Im from the US so what the hell do I know. It seems like a young person with a good building education could make a ton of money in the UK. The need to extend leases is very strange and a whole other consideration. I could watch these videos all day. Thanks Turnip😊

thank you mate - great video

incredible video to be honest there is so many neglected properties in London. I think channels like yours do an incredible job

At 63 whst do I do noone will rent to over 60 especially if on benefits for first time in my life. I obviously have to live in destitution.. that s govt s system I fear will end up in street. I want my life back. Why is council shoving people into derelict dumps instead of govt making them habitable? Where is the mythical rental of a decent room inc bills to give single people a start...😢😢

Interest rates for 5.2% would be an absolute dream in Jamaica. Great video!

🤭 builders outfit...the little neck chain finishes outfit nicely. Great video by the Wanderer 👍

Always interesting mate, keep wandering.

2:53 perfect space for an new studio flat 😅

So sad ! I have family living one block from one of the special places in London. I would visit and be able to walk to church each morning for church. I can’t believe the properties that I have seen on these shows and others. As a Realtor 16 years here in southern Illinois. I have visited many homes that were totally disgusting! You opened the door…. The fleas were hopping . I never walked in. The buyer was able at their own risk! Then talk about houses that had a swimming pool in their basements!!!

Nice one , ive used the hi vis and hard hat disguise to be rendered invisible , but the lanyard is the finishing touch :)

Another cracking video Turnip, northern lads FTW 👊 🎉 The disguise proper cracked me up, wearing the helmet off site was a dead giveaway for me tho, imposter! 😂

375k for a flat in Marylebone is a complete bargain. I think extending the least would actually be quite a bit more because you only put the rent at £350 per year lol.

The sand on the floor is degraded underlay, it crumbles to dust.

Had a house here in Lancs. It was a leasehold but i was able to purchase the lease a few years ago. Glad i did.

an eye-opener, good stuff

This is only areas of London with "London" postcodes. Which means most of outer London is left out. You will certainly find cheaper in areas of Greater London with Surrey Kent Essex postcodes. Still London boroughs so they count as London, such as Bromley Enfield Havering Croydon etc... When London expanded in the 1960s to cover most of its metro area, the post system never updated. So that includes parts of or all of BR, CM, CR, DA, EN, HA, IG, SL, TN, KT, RM, SM, TW, UB, and WD postcodes

Hi ... Soho Road (Birmingham)has been slated so much but if those people had looked for the history in that area they'd be amazed. The whole area was mainly beef ranch ...the original butchers from that ranch was lost to Big Johns about 10(??) years ago. The original bull ring is there too. The Red Lion Pub is hundreds of years old. In the 1930's it was THE place to be seen...that generation would go "promenading" in all their finery to hopefully meet the love of their life. Mathew Bouton's house is down on Soho Hill/St Michael's Hill, the original central heating designer, where the Luna Society used to meet with James Watt. These two worked together to redirect a slow section of the river, first to builf walls in the river to direct the water for the steam engines. There's a school at the Bottom of Boulton Road (off soho road) that commemorates these engineerss on their gates ...well worth a look...the river runs under the school. Those streets of run down terraced houses were built by Matthew Boulton and James Watt to house their workers...they are hundreds of years old. Fancy a pint in a lovely spit n sawdust pub, walk down St Michael's hill to the Golden Eagle ...lovely old pub. I feel sorry for the children growing up in this area ... It'll be known for all the gang culture instead of the fantastic history, and these children have bery tough lives there because the ADULTS can't get their sh1t together. Any chance you could redress the balance please? Btw, when the binmen go on strike, the press target the poorest areas and create the narative, creating in turn the stereotype that sticks to the kids... it's not fair.

Great investigation. Thanks

Interesting content. Keep up the good work on your channel. Regards, WR4K.

The sand on the floor is most likely from the house being used for a cannabis grow house and that is also probably the reason the house is also suffering from mold and damp issues. 11:56

Looks like someone was trying to put a staircase in or a lift shaft in that first place!

Nice video thanks sharing 😊

THANK YOU .LEARNT A LOT .

Wow. Glad I live in Kansas.

600k for that attached house is bonkers considering how much is going to have to go into that to fix it up. London is nice to visit but I wouldn't want to live there....especially not at those prices.

you’re so cute lmaooo your excitement about the hard hat and hiviz working 😭

£602,000 😮😮🫣🥴

That flat that went for £195k was an absolute steal for London. Even with the amount of clean up that was needed, it really didn't seem in too bad nick overall, and when you consider the location and the view, with about £20k worth of investment, that'll sell for £500,000 or could be rented out for £1500+ per month.

How that house sold for £605,000 is mental! It would cost you an absolute fortune to do up!

Great video. I think the last one was cracking because of the tree roots getting under the house.

I still love London but it's not a place for poor people or even working class folks. If I win the lottery I'd stay but realistically I'm probably heading towards the midlands.

the irony being...a hard hat seems essential wearing for those properties. lol Surprised its not mandatory .

Thanks WT for another cool video

Just as a side note.. the "sand" you saw on the floor was the carpet/underlay deterioration.

Thinking about you today. Not seen u for while

That hard hat looks suspicious. It needs a few induction stickers.

The house with the big hole in the floor, I seen something similar before caused by a cracked sewer pipe, rats were coming out of the pipe and burrowing up through the floor over taking the property, owner had to dig down like that hole to fix the pipe, Might not be the case there but reminded me of it when you showed it, Nasty business his house was destroyed, dead rodents behind walls that had chewed wires, place stunk and was over ran with blue bottles regularly

I always enjoy ur london vids

you could dress as a clown next time as you would have to be one to want to buy a house/live in london!

Fascinating video.

0:07 That mold is beautiful

The year 2024 will have some surprises for the real estate and that is due to the amount of money that is owed in the believe it or not insurance and auto industry. It affects all sectors when there’s an upside down. Thank you for being you, I really enjoying your walk through London places that I have been and places I can recognise from the mass of made of them we seem to not keep tradition and keep old town old London town but things will change. Regards and down under.

19:37 priceless view man 😊😊🥰